Toronto, Canada -- (SBWIRE) -- 02/16/2015 -- The staff at Ontario based Mortgage Broker Store have been working hard to form partnerships with local real estate agents and brokers. Ron Alphonso, president of Mortgage Broker Store, understands the important role that real estate professionals play in the mortgage process.
By partnering with Ontario real estate professionals Mortgage Broker Store is able to cut out middlemen, passing the savings on to clients. Mortgage Broker Store processes many properties that need mortgages, refinancing or are in power of sale. Typically, the person who first finds the deal charges a finder's fee which the client is directly or indirectly charged for. By partnering with real estate professionals, Mortgage Broker Store can work more closely with all involved parties, as well as process deals that are more legally complex.
Of particular concern for real estate professionals is the complexity of selling power of sale and foreclosure properties. While many mortgage brokerages claim to process these types of properties, their success rate is typically very poor. Mortgage Broker Store is the only Ontario company with a consistent success record for deals of this type. The company works closely with real estate lawyers to understand and quickly process all of the legal documentation. The company has also seen many real estate professionals reach out to them, due to high demand for this type of service.
In early 2015, the Bank of Canada reduced their interest rate from 1% to .75%. This was done to reduce the impact of low oil prices, but is having a dramatic impact on the Ontario real estate market. In the GTA region, mortgage rates are at record lows and many people are over extending themselves financially. While banks turn many of these people away, Mortgage Broker Store and other lenders are able to offer financial services which include: first and second mortgages , refinancing, and stopping power of sales.
Plans for 2015 include more aggressive marketing to attract new partners in every niche related to real estate. Ron Alphonso, (Head of Mortgage Broker Store) has stated that "So many real estate brokers and agents have signed up with and we've heard a lot of positive feedback regarding our partnerships. Later this year we are planning on reaching out to other professionals in related markets, such as residential contractors and home appraisers."
If you have any questions, please email ron@mortgagebrokerstore.com or call 416-499-2122.
Ronald Alphonso is a mortgage agent, licence number M11001286. You can find more information on private lenders in Ontario at our web site http://www.mortgagebrokerstore.com
Contact:
Ronald Alphonso
Toronto, Ontario, Canada
ron@mortgagebrokerstore.com
416-499-2122