Right Mortgage from Mortgage Alliance Update

Recently Right Mortgage which is trademarked by Mortgage Alliance switched underwriting lenders from Macquarie Financial to Paradigm Quest. Macquarie Financial, an Australian lender announced that after 4 years they were leaving the broker channel market. With over $4 billion in loans funded with Right Mortgage,  6 different companies were willing to step in. The choice of Paradigm Quest was one based on a prior relationship of trust and experience. July 29th, 2011 was supposed to be the official transfer.

With a new lender come some changes. One major one is products for Business for Self applicants with stated income. This Alt-A product will allow business owners access to the flexibility and customization of Right Mortgage. Being one of the most popular products offered byMortgage Alliance, the Right Mortgage allows borrowers to choose between payment options, amortization, skip payment options, etc instead of a one product fits all approach. Based on which features the clients choose, the interest rate is then calculated. While Right Mortgage offers some amazing rates that are competitive with some of the lowest industry rates, its focus is on the individual applicant. Currently all Right Mortgage applications have a 20% pre payment option. Other Right Mortgage products :
– Standard Purchase & Refinance
– Refinance Program – offering $500 cash back or No-Fee Refinance through FCT
– Switch / Transfer
– Business For Self ALT A Stated Income
– Welcome To Canada
– Investment / Rental

Right Mortgage is exclusive to Mortgage Alliance so to find out more about this great product give me a call at 416 909 5044.


About wojciechpianka

After a few years of studying English and History at the University of Toronto, I decided to transfer to Ryerson University and pursue a Bachelor of Commerce degree. While studying, I worked various jobs where I acquired many skills. Starting as a teller at Scotiabank, I moved on to being a manager of a restaurant, admin staff at a medical clinic, a sales agent for INGDirect and a manager at One King West Hotel. While all these jobs challenged me, I never felt my potential being utilized. Finally in 2008, I completed the Ontario Mortgage Agent Course and signed up with The Mortgage Alliance Company of Canada. This was a great decision, as it allowed me to use the skills I learned working to help people achieve their real estate and financial goals. My passion for real estate and numbers has lead me to becoming a mortgage agent. Growing up in New York City, I always had a fascination of historic buildings and skyscrapers. At 21, I bought my 1st property and have been investing in real estate ever since. I firmly believe thru steady, safe and conservative investing a one can obtain long term financial wealth. One day, I hope to develop the same buildings I help clients purchase.
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