Real Wealth Group
Who are We Integrated Mortgage Broker We Provide Solutions Borrowers Investors
Who is Justin Rosello Justin Rosello is a sophisticated underwriter with over 15 years experience in both institutional and private transactions. He is a Mortgage Broker and holds an AMP designation. Justin’s professional experience includes positions at MCAP, National Bank and top producing mortgage brokerages. Justin studied Business Commerce at Ryerson University and International Business at Seneca College.
Today’s Presentation Today we will discuss the following: -Mortgage Lending -Mortgage Investments -Private Mortgages
Definition “A debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments” Investopedia
What is it used for
Borrower Perspective The Borrower knows the following Amount borrowed Payments and Frequency Legal requirement
Lender Perspective Prior to Funding, the Lender knows the following Borrower and sources of income Underlying Security Frequency and Timing of Payments Steps in case of Default How interest is Taxed
Significance to Market Real estate is the largest sector in Canada Most properties are mortgaged Majority of Bank Assets
Mortgage Lending 5 Step Process Application Underwriting Approval Funding Servicing
“My Bank will Lend me Money”
What Lenders Look For The 5 C’s of Credit Credit Character Capacity Capital Collateral
Changes In the Industry More difficult to obtain funding: Hot Real Estate Market Affects Affordability OSFI rules governing Institutions CMHC Insurance Casualties Business for Self Second Properties OPPORTUNITY for PRIVATE LENDING
What a Borrower Needs Independent Solution suitable for their personal needs and objectives
How Real Wealth Helps Clients Assist Borrowers with Solutions Introduce Investment Opportunities Underwrite Service
How Real Wealth Underwrites and Assess Risk Get to know the file – intimately Know the Borrower Understand the Property (security) Assess Affordability (suitability) Appraisal Lawyer Understand exit strategy
Mortgage Lending You Become the Bank You Select the Risk you want Security Borrower You select the Investment Terms Interest Rate Term
Did You Know Mortgages are RRSP, TFSA, RRIF Eligible Carry no management fees (except deferred accounts) Transferable
How We Work With Advisors Get PAID Program Borrowers needing funding Investors seeking Yield We’ve been operating with our financial advisors since 2006, we do everything for the client and advisor including paying a referral fee. Turn Key Back Office
Case Study Self Employed
Case Study Bridge Loan
Case Study Construction Loan
Case Study Cottage
Summary For more information, contact Justin Rosello, AMP