A1 Equity Mortgage Crop. is an Alberta business that helps people obtain first, second or third mortgages based on each client’s home(s). General manager and broker Susan Perry knows clients’ needs are unique. She is committed to ensuring the best possible service, in the office or remotely.
Services offered by A1 Equity Mortgage include freeing up equity to help with: farm refinancing, post secondary education costs, short term/emergency funds, tax debt, business funds and debt consolidation. Service is available for clients that do not meet traditional lending criteria due to lack of employment records, poor credit ratings or past bankruptcies.
“I opened A1 Equity Mortgage in 2012,” says Perry. “I am a broker for private lenders. I do not approach banks or traditional institutions for conventional lending – our business is dedicated to helping borrowers who cannot go through conventional lending. We go by stated income, so no verification is required. As long as there is equity in a property, we can help with financing. This also means approval is not based on credit.”
There is a big difference between an agent and a broker. An agent only has access to the products of one company. For example, an agent at a bank will sell bank loans and bank insurance. A broker, however, is free to shop the market on behalf of their clients. The broker can offer products from a variety of lenders and those lenders do not have to be banks. This empowers both the broker and the client to get the best possible solution for the need, because the broker can offer options. All the options offered are from professional, certified lenders dedicated to helping underserved property owners leverage the equity they own.
“Our greatest challenge is that our rates are higher than banks because we are a private lender,” says Perry. However, the higher rates offset the fact that without this service, many clients would not have options and therefore, their financial situations would not improve.
Perry notes, “I like helping people who feel like they have no options available to them and showing them what is possible.”
A1 Equity Mortgage’s experienced and professional work has changed the lives of many clients. It’s easy to get started. Simply request a free personal mortgage quote. Up to 70 per cent equity value may be accessible. For example, a home that is worth $300,000 with $190,000 owing, has equity. That homeowner may qualify for a second mortgage of $20,000. That comes with competitive rates, low closing costs, flexibly repayment terms – all handled locally from start to finish. That cash could start or save a family business, send a child to college and jump start their future, erase high interest debt by consolidating it into one lower interest payment, shore up an aging farm and so much more.
Perry knows that clients don’t have the luxury of waiting for approvals or spending a lot of time doing realms of paperwork when the need for an equity mortgage is pressing. This is why she offers fast approval/replies, a simply and easy process and a variety of flexible solutions designed to meet almost any need.
A1 Equity Mortgage is also here for local investors. Contact the firm if you are an investor with an interest in buying or selling mortgages.
Perry is proud to be a member of the Real Estate Council of Alberta for over 17 years, with many more years to come. She concludes, “We would like to thank our previous and current clients for choosing A1 Equity Mortgage to help with their financial decisions.”