Ontario, CA -- (SBWIRE) -- 09/09/2014 -- All of the services offered by Mortgage Broker Store are aimed at assisting homeowners to get private mortgages and second mortgages in the Oshawa Durham region.

The Bank of Canada has recently stated that it will continue its low interest rate policy to stimulate economic growth in areas such as Oshawa and the Durham region. The low interest has resulted in high annual house price increases and decreasing affordability for moderate income earners. This means many middle class families in Oshawa will require a private mortgage or second mortgage.

The August statistics provided by the Canadian Real Estate Association for the Oshawa Durham region show that The average price of resale homes in Durham Region in the month of August was $388,690. "August's average price is 7.7 per cent higher than August of last year". The number of new listings that entered the market in August was 1,209, down 9.4 per cent from 1,323 in August 2013.

The numbers clearly show that a home in the Oshawa Durham region will cost more money than it has in the past. A major problem is that wages have not increase at the same rate as house prices. Many people in Oshawa Durham have a large down payment but they  do not qualify for bank financing due to low income or credit issues.

This is where Mortgage Broker Store can help homeowners in the Oshawa Durham region. We have private lenders in Oshawa that can provide second mortgages or home equity loans. Our private lenders are equity based lenders they do not based a loan on your credit score as a bank would.

Ronald Alphonso, (President of Mortgage Broker Store)  stated that "we now have mortgage agents in Oshawa that can provide all the services that a homeowner requires. We can help even if a bank has turned them down for a loan since we have alternative lenders that do not require Canada Mortgage Housing Corporation (CMHC) financing.

If you have any questions regarding mortgage financing or a second mortgage in the Oshawa area, please email ron@mortgagebrokerstore.com or call 416-499-2122.

About Ronald Alphonso
Ronald Alphonso is a mortgage agent, licence number M11001286. You can find more information on private lenders in Ontario at our web site www.mortgagebrokerstore.com

Contact:

Ronald Alphonso
ron@mortgagebrokerstore.com
416-499-2122
Ontario, Canada