Home Trust

Alternative Lenders
Written By David Pipe
 

Review of Home Trust Mortgages

Home Trust began in 1977 and provides access to a wide range of financial products, including mortgages, credit cards, deposits, and retail lending.

Home Trust focuses on providing flexible mortgage solutions with a simple approval process. They cater to borrowers with higher debt ratios and those who need alternative income verification methods.

 

Today’s Lowest Rates from Home Trust

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Ideal Client

Home Trust is best suited for individuals with bruised credit, self-employed professionals, and business owners who require easier approval and more flexible mortgage options. With a simple approval process, Home Trust caters to clients who may find it challenging to secure financing from traditional lenders.

 

Special Features:

Rental Program

 

Home Trust offers a range of flexible mortgage options designed to meet diverse financial needs. They feature flexible debt ratios, allowing for more personalized borrowing potential, and a bank statement program that makes it easier for self-employed individuals to qualify. Additionally, their rental program is ideal for investors looking to finance rental properties. While these options provide great opportunities, clients need to weigh both the advantages and any potential drawbacks to make informed decisions for their financial future.

 

Downsides:

No Banking Services

High Penalties

Geographic Limitation

Paperwork Intensive

No Physical Branches

 

When considering this lender, it's important to be aware of some potential downsides. You might encounter a lender fee, and there are no additional banking services offered. The prepayment penalties can also be higher compared to some other options, so it’s worth factoring that into your decision. Additionally, their lending area is limited, and you won't find any physical branches if you prefer in-person service. Lastly, the application process can be paperwork-intensive, which may require some extra time and organization on your part. Being informed about these aspects will help you make the best choice for your mortgage needs.

 

Best Suited For:

 

Bruised Credit

Self-Employed

Business Owners

 
 
 
 
 
David Pipe

David Pipe helps business owners, investors, and first-time homebuyers build and protect family wealth with creative financing and tax-efficient life insurance solutions. He is an award-winning mortgage agent and life insurance agent in Ontario. David believes education in personal finance and seeking great advice is the best way to reach our financial goals, and he is focused on sharing his knowledge with others. He lives in Guelph, Ontario with his wife Kate Pipe and their triplets (and english bulldog Myrtle).

https://www.wealthtrack.ca/about#about-david-pipe
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