W.A. Robinson: Important COVID-19 Announcements & Information READ MORE
Our day-to-day lives have changed a lot recently, but not everything has come to a standstill. Across Ontario, homeowners and hopeful buyers are still seeking mortgages to purchase new homes or refinance existing ones.
At Pillar, we continue to work closely with mortgage brokers to provide your clients with solution-based mortgages. While many banks and other lenders are tightening their lending criteria or putting new loans on hold, we are continuing to support Ontarians with flexible mortgages and short-term financing.
Stay-at-home orders and other government restrictions have caused a significant slowdown in the real estate market. Nonetheless, there are still deals moving ahead and borrowers in need of financing.
We continue to provide mortgages in Pillar’s four key segments: rural residential, construction, self-employed and debt consolidation. Two areas in particular where we can provide flexible solutions are:
The pandemic has added some constraints to the typical mortgage application process, but we are working hand in hand with our broker network to keep things moving smoothly.
We continue to assess every mortgage application independently and take the time to understand your client’s situation. This common-sense approach allows us to help you with difficult files that might not meet all the tick boxes for a bank mortgage.
As usual, the more documents you gather and due diligence you complete before submitting an application to Pillar, the faster we will be able to process your request. Meanwhile, there have been two important changes recently in our lending policies:
Navigating challenging times is easier with flexibility and collaboration. Amid the ongoing pandemic, Pillar is committed to supporting Ontarians with solution-based mortgages and helping brokers secure financing for their clients.
If you have a deal you’d like to discuss, please contact our business development team.