What's the point of being "FREE" if you're a SLAVE TO DEBT?

Expert Mortgage is proud to serve the Caribbean community. We would like to take this opportunity during Black History Month to remind you that today all people are free from PHYSICAL chains, but most of us, no matter the colour of our skin, are NOT free from FINANCIAL chains.

Debt Burden
Debt Burden

For that reason Expert Mortgage launched the “85-Alive” program. The concept was simple: as long as you had a pulse, Expert Mortgage would provide you with an Emergency Home Equity Loan, up to 85 per cent of the value of your property. No job required. Bad credit, OK.

The reason why Expert Mortgage can offer a “no questions asked” lending program, while the major banks cannot, is that we represent over 200 private lenders who lend strictly on property value. These subprime lenders specialize in mortgage clients who had some bad luck, and need a helping hand until they get back on their feet.

The program has been so successful that Expert Mortgage can barely keep up with the volume of calls for Emergency Home Equity Loans. To help fund this unexpectedly large number of borrowers, it has partnered up with dozens more private lenders.

Licensed Mortgage Agent Rashida Riel, Expert Mortgage’s “85-Alive” representative for the Caribbean Community, says “We’re seeing mostly homeowners behind on mortgage and property taxes. The banks are refusing to restructure their loans. Many of these people have lost jobs due to the bad economy … or they’re self-employed. Unless you are a perfect applicant, the bank doesn’t want to talk to you.”

But not everyone condones Expert Mortgage’s easy lending criteria. A local real estate agent with 25 years of experience, who has asked to remain anonymous, says, “When this market turns down, it’s gonna get ugly! It’s utter financial suicide for Expert Mortgage to be giving money away so easily to clients without the ability to make payments. I’d be surprised if they’re still in business five years from now.”

Nonetheless, homeowners like Anita Persaud don’t see a problem with the program. When questioned on how she plans on making payments on her mortgage when she has no income, Anita responds, “We were four months behind on our mortgage and Expert Mortgage saved our house. My husband has been unemployed for nine months. He won’t be unemployed forever. We used the 85-Alive loan to pay off all our debits. We also had $25,000 left over that we put in the bank for emergencies. And to make life easy, they worked it out so we have no mortgage payments for 12 months.”

For more details on Emergency Home Equity Loans from the “85-Alive” program, contact Rashida Riel, www.RashidaRiel.ca, 905-531-6223 or toll-free across Ontario, 1-888-334-6089.