During this Holiday Season, our thoughts turn gratefully to those who have made our year possible. Thank you for your continued support!

When applying for a mortgage, we often see common mistakes that come up in a mortgage application process. There are a number of fundamentals to keep in mind when applying for a mortgage, such as having a good credit score, steady income, sufficient savings for a down payment, and so on. Moreover, borrowers might not consider the outside factors that could weigh heavily on their decisions.

A Private Mortgage is typically a short-term loan, usually ranging between one to three years, that is securitized by a Residential or Commercial property (or sometimes even blanketed across more than one property). 

The mortgage industry is fertile ground for those looking to start something that’s lucrative and actually makes a difference in other people’s lives. With its flexible work environment, it’s a career that is exciting, ever-changing, and rewarding, as you’ll get to help clients with one of the biggest milestones in their life to achieve their homeownership goals. Aside from this, there is also tremendous earning potential. As experienced mortgage lenders, we at Magnum Mortgage Corp want to help give you an idea of whether or not joining the mortgage industry is a good direction for you.

Every industry has its language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific sector, and the mortgage industry is no exception.

If you are seeking financial assistance, you can reach out to one of our Mortgage Brokers or Mortgage Associates from Magnum Mortgage Corp. for possible solutions. Oftentimes, we can help even in cases where banks or traditional lenders are unable to help with our common-sense lending approach.

Bridge financing is a short-term mortgage that is designed to provide temporary financing until a more permanent form of financing can be obtained. It is used to provide immediate cash flow from the sale of a property (before the sale happens) in order to allow a purchase of the next property to occur. It is often an underutilized mortgage option available to borrowers that provides much needed peace of mind, in a sometimes stressful Real Estate process.

As mortgage brokers, it’s essential for us to keep updated on the latest mortgage innovations and find fresh sources of creative inspiration while staying connected to other professionals.

Thanks for stopping by our blog. If you’re looking for more information about Magnum Mortgage Corp, you’ve come to the right place. 

I’m Mark Berry, the proud owner of Magnum Mortgage Corp. I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!

New Website Coming Soon!