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Altawest Mortgage is lending private money in Alberta and BC

 

Today I had a meeting with a company called Altawest Mortgage.  They are a private mortgage company who lends money through mortgage brokers in Alberta and BC.  These private lenders are a great resource for borrowers and for investors.

 

Who needs a private lender?   People who cannot qualify to borrow money through traditional sources.  People with unclaimed or documented income, people with challenged credit, people who have ran into trouble.

 

Private lenders step up and provide loans to people who need them the most.

 

Of course, borrowing from private lenders comes at an extra cost to borrowers.  While a highly qualified buyer may be able to get money for 4 to 5 percent interest from an 'A' lender, a private lender will typically charge closer to 10% for a similar loan.  While this seems high, often times it can be a lifesaver for people in need. 

 

If you find yourself in a position that you think traditional banks cannot help you with, contact me and I will see if there is help available to you from a private lender.

 

 

 



 

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Common Financial Problems - Avoid these financial mistakes
Get Your Credit Score UP - Invaluable insight into your credit score
Mortgage Guidelines Get Tighter - Harder and harder to borrow money
Is Your Mortgage Company Out of Business in 2009? - What to do when your bank goes broke
What is wrong with MLS - Is your info being abused?
Survivor - Real Estate Edition - Let's vote a few more off the island

 

 



Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta. He is also a licensed mortgage associate and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the real estate industry since 1993 and offers full MLS real estate services to Lethbridge and surrounding area, as well as mortgage financing, refinancing/renewals, preapprovals, and home equity financing to Lethbridge and Southern Alberta. He can be found online at www.LethbridgeLoans.com




 

 

Let me share my 15 years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.




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Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years.  He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.




 

 

Comment balloon 8 commentsRobert May • February 24 2009 10:25PM

Comments

You never know when you are going to run into a situation where you need private money.  It's good to have those resources around!!

Posted by Kate Bourland, Onlilne Marketing Mobile Marketing (Marketing with Kate) over 9 years ago

It's good that there's someone willing to pick up the slack when the banks won't. Whta is your market like now? Ours has slipped a tad, but it was over-inflated last year.

Posted by Terry Chenier (Homelife Glenayre Realty) over 9 years ago

That really sounds great!!  Will they lend money to people anywhere?

Posted by Jamie Boney (Mungo Homes) over 9 years ago

Hi Jamie, that particular lender currently loans only to BC. Alberta, and urban centers in Saskatchewan.  There are others who lend a bit farther away, but none locally who lend as far away as you are from me. :)

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 9 years ago

There is always wishful thinking!!

Posted by Jamie Boney (Mungo Homes) over 9 years ago

Within hours of attending this presentation by this lender, I was introduced to a client who needed this service.  It has been just over a week since then and I am completing my first transaction with this lender tomorrow.  Amazing.

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 9 years ago

Lethbridge Mortgage Broker Lethbridge Real Estate

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 9 years ago

Thanks Patrick.  I love it when people stop by to comment, even when they mistakenly believe that link spamming the comments on 'nofollow' blogs is effective SEO. 

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 8 years ago

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