[MillerTime GFG]

I'm sure most people are aware that mortgage restrictions are becoming, well...more restrictive. The 'A' market (ie. the ones with the best rates) is constantly shrinking. The good news is that lenders are reacting, as more and more of them are expanding their 'B' markets.

Just hearing 'B lender' scares a lot of people off, but there are actually some great options out there, with rates that are still historically low. You can get a mortgage still in the upper 3% area with a B lender.

So what does a B client look like?
- Business for self:
- Writing down your income for tax purposes
- Newly self employed (ie. don't have 2 year's provable income, etc.)
- Credit issues/low beacon score
- Large purchase price, unusual property type

There's a lot of different situations and big banks don't have options for the majority of them, or at all. Feel free to send me a message if you have any questions or if you think you fit in any of the above scenarios. Generally my plan is to place clients in the shortest term necessary on the B side to transition into the A side (1 or 2 year terms). The B market is where things are going with the restrictions becoming tighter and tighter.

Greg