Services / Home Equity & Alternative / Alternative Lending
Not every situation fits a big bank's checklist. Alternative (B) lenders look at the full picture — your equity, your story and your plan. We help you get approved and plan your path back to standard lending when the time is right.
Alternative Lending at a glance
Guide
Typical term
Down payment/equity
Rates
Goal
Figures are general guidelines; your options depend on your situation.
Clear communication at every step, so you always know what's happening next.
We look at your whole situation, not just a credit score.
We find alternative lenders suited to your profile.
We package your file and explain every cost upfront.
We track your progress so you can move to better rates at renewal.
A few key points we'll walk through with you before you make any decisions.
Alternative lenders usually charge higher rates and may add a lender fee. We'll lay out the full cost so you can compare.
These mortgages are often best as a one- to three-year bridge while you rebuild credit or document income.
Many alternative lenders are established, regulated institutions — we only work with trusted partners.
Don’t see your question here? Give us a call — we’re happy to talk it through.
No. Alternative lenders are institutional lenders like trust companies. Private lenders are individuals or investment pools, usually at higher cost.
Often one term. With a plan, many clients move back to a major lender at renewal.
No — making on-time payments can actually help rebuild it.
This page is for general information only and isn’t financial advice. Mortgage rules, program limits and lender requirements change and depend on your situation; all financing is subject to lender approval. Koru Financial Group Inc. — FSRA Brokerage #12726.