Its funny - I read this post by a colleague of mine, David Cooke and I couldn't agree more with his thoughts. He described DLC brokerages as more than a mortgage company because we can offer other lending services, like equipment leasing. But we also offer, Visa cards, mortgage insurance, factoring, bruised credit solutions, Reverse Mortgages (granted mortgage but specific). Our team is any small business owners dream. With the amount of lenders we have access to, different ways to creatively finance property and equipment, its no wonder why a large portion of business for self clients come to our brokerage and DLC in general for financing solutions.
Ill clarify all this by saying we are a mortgage company and a damn amazing one! But we are more than just a mortgage company and because of all our amazing partners and service provides we have expanded and create a lot of lending solutions for our clients and referral sources.
Article credit: David Cooke, DLC Accredited Mortgage Professionals. https://dominionlending.ca/news/were-not-just-a-mortgage-company/
Well, it finally happened. I was meeting with a financial advisor today and they looked at my business card and asked “Why does it say Dominion Lending Centres and not Dominion Mortgage Company?”
I have been waiting 7 years to hear this question. I had an answer all ready for today. I said “that’s because we are not just a mortgage company, we’re a lending company. This provided me with a segue into a conversation about how we do equipment leasing, factoring and cash advances.
I meet plenty of small business owners who are trying to build their business and also buy a home. In one case, the business owner had opened a machine shop. He bought $100,000 or more of equipment. As he did not have a long established business, lenders insisted that he put the loans in his own name. As a result, he had lots of business loans outstanding and was still showing little income. As he had incorporated, we were able to free up his credit by having DLC Leasing purchase the equipment and he leased it back. This provided a good tax break his accountant liked and it freed up his personal credit, which I liked.
Long story short , Dominion Lending Centres is a small/ medium business owners best friend.
We can help you get into a house where other companies see obstacles. If you are in a situation like this, contact your local Dominion Lending Centres mortgage professional and get some help.