Why Alternative Lending Isn’t Just for Bad Credit Anymore

Email 👉 [email protected] Phone 👉 416-572-3597 Why Alternative Lending Isn’t Just for Bad Credit Anymore Are you wondering if alternative lending could be the right solution when the bank says no? Today, I'm sitting down with Frank Giacomini and Kelly Faria from RFA to break down what RFA Bank is, how alternative lending works, and why it is no longer just for clients with bad credit. We talk about self-employed borrowers, stated income, OSFI regulation, contributory income, 35-year amortizations, prepayment flexibility, and why looking only at rate can sometimes lead clients to miss the bigger financial picture. We also discuss how mortgage brokers can better educate clients and referral partners, especially when dealing with complex income, affordability concerns, credit challenges, or families contributing to the household. In this video, we share how RFA helps create more mortgage options for Canadian borrowers who do not fit perfectly inside the traditional banking box. Follow along with us 👇 00:00 Introduction to RFA 2:45 Who alternative lending is really for 5:17 RFA’s size, assets, and penalties 7:47 OSFI regulation and stated income 12:22 RFA’s niche products and service 17:23 35-year amortization and flexible ratios 22:15 Client timelines and the Fides/RFA partnership #mortgage #mortgagetips #mortgagebroker Check me out online: Facebook:   / karu.varan   Instagram:   / varankaru   LinkedIn:   / varan-karunanantham-018b0873   Website: https://varankarunanantham.ca/ Check out Fides online: Facebook: https://www.facebook.com/profile.php?... Instagram:   / fidesmortgages   LinkedIn: linkedin.com/company/fidesmortgages/ Website: https://www.fidesmortgages.ca/ Check out RFA online: Instagram: https://www.instagram.com/rfamortgage... LinkedIn:   / rfa-mortgages   Website: https://rfa.ca/mortgages