CTV Morning Live: Mortgage Minute - August 25
Frank Napolitano and Michael Hapke Mortgage Brokers Ottawa joins Lianne Laing on CTV Morning Live to look at Private Lending and investment opportunities.
We have another side to our business that gives you the opportunity to invest in the mortgage industry without having to purchase a property. We deal with a wide range of investors and deliver at a highly regulated service. We are regulated by the Financial Service Commission of Ontario as well as the Ontario’s Securities Commission.
We know how important it is to people to not try and do this on their own. You should always sit down with a licensed professional to make sure that whatever you are considering to invest in, is suitable to your portfolio and that it meets your financial objectives as well.
Typically the thought is that people that use the private lending route are individuals with poor credit, that couldn’t be farther than the truth. Private lenders give you the flexibility to access funds when needed, and not when the bank approves you to draw the funds, as an example when doing a renovation. Another example is for those people that their mortgage isn’t coming up for a few years but need access to funds instead of breaking the initial term on their mortgage.