The U.S. high-risk mortgage business is going down the tubes fast. In Canada, though, it’s just ramping up, and Reliant Home Mortgage wants its piece of the pie.
Reliant is Canada’s newest subprime lender. It plans to jumpstart its Canadian mortgage business with a multi-faceted approach including:
- Forging broker partnerships
- Offering Canada’s first 55-year amortization
- Offering homeowners “Job-Loss” mortgage protection for up to 6-months”
- Filling the void left by Bank of Montreal (who recently stopped selling mortgages via the mortgage broker channel).
If you’re interested in a 55-year amortization (I call it an interest only mortgage in disguise) feel free to call or email me for the details.
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Last modified: March 5, 2007
