Among the many pain-points Canadian home buyers face in the current mortgage market, the most common is still that many of them are turned away by banks due to strict lending requirements. Homebuyers suffering from less-than-stellar credit or without a steady or substantial income may think they’ve arrived at a dead end after being rejected. Thankfully, that isn’t the end of the story for these hopeful property purchasers.
What keeps these homebuyer’s homeownership dreams alive when they’re dashed by the bank’s strict lending requirements is the help of a mortgage broker who knows how to work with the system. A mortgage broker who gets their clients the approval and mortgage product they deserve by using an approach that adapts according to their unique needs. The best part is, we know exactly who that mortgage broker is.
Ben Bilato is a 25 year veteran of the banking/mortgage industry. He is the principal broker and owner of Ontario Lending Solutions, a brokerage that, thanks to his leadership, has already made waves in the mortgage industry, having been named Best Small Brokerage Firm of the Year by the Canadian Mortgage Professionals.
Under Ben, the Ontario Brokerage operates with an exceptional understanding of lenders and mortgage products vis a vis homebuyer needs. We asked Ben to tell us more about how he and his brokerage operate, and he started off by explaining the difference between his brokerage and the banks, “We help clients that are having a difficult time with traditional banks. These banks don’t address our clients’ primary needs to refinance, alleviate debt, or to take advantage of an investment opportunity. They place too many “hoops ” for our clients to jump through, and that makes the mortgage process difficult for regular homebuyers.”
He continues by saying “We on the other hand have the experience and ability to quickly and efficiently match up a clients unique financial profile with the most suitable lenders in Canada. Because of our connections, we can present our clients with many viable options to resolve their financial questions and mortgage needs. Our primary goal is simple: we match up our clients unique financial profile with the best lender that suits our client best.”
When asked how his brand of mortgage services differ from other brokers’ or brokerages’, Ben explained, “I would say that the group of agents we have makes the biggest difference, where most brokerage firms work in a silo, we work on a boardroom table and review and plan the best approach for each and every mortgage file, a minimum of 3 sets of eyeballs will review a file before we decide which course of action is best for the client. Our continuous growth is a direct result of the quality of advice we give from start to finish, and the results we help our clients achieve because of that.”
It takes a special kind of mortgage broker to ensure that an entire brokerage operates with a focus on adapting their approach and strategy to suit each client’s needs. Ben is under no illusion that his method is easier than what generic mortgage brokers offer, but he stands by its effectiveness, telling us “Other firms will take the path of least resistance and best compensation. That’s not our focus. Our goals have always been customer centric. Hence, we spend less time chasing business and more at servicing our clients with mortgage opportunities and guiding them step-by-step to financial stability.”
When it comes to mortgages, the best solutions are often not found in the bank. Rather, as we’ve learned here, the best solutions come from experts in the field who are willing to understand your situation point-by-point, and build a mortgage strategy that connects you with lenders offering products and rates that work with your budget and goals. Don’t hesitate to start your journey toward the mortgage solution that’s right for you. Instead, get in touch with Ben Bilato and Ontario Lending Solutions at your earliest convenience.
Source: Variance Marketing