I have been using a broker for several years and I have been happy with him. However, it seems we have hit a wall in trying to obtain finance as I am LoDoc. I have lots of equity, but my income isn't great. I can get a loan to fund purchase of $275k but will be paying through the nose for it with a smaller non-bank lender at 7%. I assume mortgage insurance as well...
A friend has suggested a different broker who is "fantastic" and who could probably help at securing funds *at much lower rate. My question is: how can this "new" broker do what my broker can't?*
A friend has suggested a different broker who is "fantastic" and who could probably help at securing funds *at much lower rate. My question is: how can this "new" broker do what my broker can't?*