BHM Financial Group to Offer Alternative Solutions to New Mortgage Rules
Due to the new mortgage regulations, more and more borrowers are turning to second tier, higher-interest mortgage lenders to acquire their dream homes. Big down payments are out of reach and unaffordable to many working Canadians.
- (1888PressRelease) December 20, 2016 - Montreal, Canada - The federal government of Canada has recently introduced new mortgage rules that will cut into the purchase powers of home buyers. Starting on Oct 17, 2016, all borrowersmust have a minimum 20% down paymentto be eligible for a mortgage with a top tier bank.
Turning to a second-tier lender is one way of financing the dream of owning a home. It comes with a steep price tag though. When talking about hundreds of thousands of dollars, interest's rates matter. A lot.
Since October 2016, BHM Financial Group has filled a niche for the savvy and informed consumer. BHM Financial Group can fill in for the down payment gap so that you can obtain the best and cheapest mortgage rate. If you have a car, trailer, RV, land, truck or other vehicle, BHM Financial Group will lend money on that so you have enough money to go with the prime and best mortgage.
We offer solutions to these new changes and home buyers can approach us for instant online loan approval.Currently, we offer a variety of loan products such as; car title loans, mobile home loans, first and second mortgages, RV title loans and small business loans.
For more information, please visit; www.bhmfinancial.com