Getting self-employed clients a mortgage loan can be challenging because there are fewer lenders that will work with self-employed borrowers. For first time borrower, the lack of track record translates into many borrowers being able either get a loan from traditional sources or obtain the amount of loan that they are looking for. According to a recent Mortgage Broker Tools affordability index, almost 30% of self-employed applicants aren’t able to either get mortgage loans or to get the amount that they wanted.
How can you make sure that your self-employed clients not just get a loan but a loan that’s competitive?
Time to Start Widening Your Searches
If you’re only sending your self-employed client’s deal to one or two private lenders, you might find that you can’t fine your client a mortgage loan or that perhaps they can’t get the amount that they really need. So, what’s the answer? Obviously, by taking your deal to more lenders, the chance of both success and getting a competitive offer from a lender or lenders increases.
How can knnct help you to get best and most competitive mortgage loans for your self-employed clients
knnct helps you to get private lending deals done and done more quickly by using its technology platform to track the lending criteria of every lending on its platform – and then sends your deal only to the private lenders that are looking for deals like yours – and that helps you to make more money.
With over $136 million in deals posted in 2020, knnct has the attention of private lenders. GET STARTED NOW!! And with lenders from across Canada, knnct makes certain that lenders using the knnct platform see EVERY deal that matches their lending criteria. From small to large private lenders and all types of mortgage – 1st, 2nd, 3rd, even commercial and construction – from low LTVs to high LTVs – from hard to easy deals! Even deals that need to be done within 24 hours!
Happy to set up an account for you. It takes less than 10 minutes to post your first deal. Get Started.
Do you have any questions on the platform? How about a quick demonstration?