For many borrowers, applying for a loan with a big bank can feel like navigating a high-stakes obstacle course. These institutions operate under strict criteria, leaving little room for individual circumstances. Applicants are asked for extensive financial histories and details about their income and credit. The review can take months, only to have the application denied.
A loan rejection can feel deeply personal. A low credit score, bankruptcy, property tax arrears, being self-employed or living on a pension can be reasons for denial.
Tracy Green, a mortgage broker, level 2 licensed, and owner of Ontario-Wide Financial has 37 years of experience in the industry and she can offer individuals alternatives that the big banks cannot. “Many of my clients feel defeated with a big bank’s rejection. I learn a client’s story and assure them that there are options and solutions beyond traditional lenders and my philosophy is, if there’s a will, there’s a way.”
Thinking Outside the Bank
When the big banks say no, Tracy Green can open doors to a wide range of alternative lenders. Non-traditional lenders and private lenders offer more flexibility, especially for self-employed individuals. B lenders are institutional lenders. Green points out, “Instead of relying strictly on net income, which can appear low due to tax write-offs, B lenders will often accept a self-declaration of income based on deposits, which can be a more accurate assessment of earning power.”
Private lenders are even more flexible. They will approve a loan based on the value of a client’s property. If the equity is strong and there is a good exit plan, they’re often willing to lend, when traditional lenders will not.
With her experience and connections, Tracy can present an application that highlights strengths, addresses weaknesses, and frames circumstances in a way that lenders understand. Green says, “If a bad credit score can be explained, a B lender may give an individual a loan on an exception basis. There may be a reasonable explanation for an applicant’s financial circumstances, such as a divorce or business failure caused by the pandemic.” This approach also opens a door for borrowers whose circumstances don’t fit into conventional banking criteria.
For entrepreneurs who need a swift response to keep their businesses moving, loan application delays can push them to look for faster, more flexible options. Green says, “If you go through Ontario-Wide Financial, we partner with many lenders, and we will get a faster response. The application process can take less than two weeks, and we can have clients in funds very quickly.”
Also, many borrowers are often surprised to learn that the difference in loan rates between the big banks and B lenders or private lenders is often much smaller than expected. They typically offer a modest premium in exchange for faster decisions, flexible documentation, and higher odds of approval.
Helping You Reset and Move Forward
Mortgage brokers often step in when life takes an unexpected turn. Green says, “Someone may need to restructure or refinance a property with equity, or they might have returned to work after a job loss but now are dealing with damaged credit. I help clients with an exit plan to get them back on track. A client may have lost their job or be on leave due to illness, taking care of a sick parent, going back to school, etcetera, and using credit to survive at high rates of interest. In these cases, it may make better sense to borrow a smaller second mortgage at a much lower rate than credit cards, rather than incurring penalties for breaking an existing first mortgage that may have a low rate. This way, we can pay off the debt and get the client a bit of a slush fund until things get better. Then we can look at refinancing the entire loan into a new mortgage. It’s my job to work on the numbers to see what is financially more beneficial for my client. Every case is unique, depending on the situation and needs of the client.”
Additionally, a big bank may decline a refinancing request; Ontario-Wide looks at the big picture. Green says, “We can help clients pay out the existing mortgage and secure a new one that consolidates debt, restores stability, and creates a manageable path forward.”
Client Reviews Tell the Story
Great reviews are more than compliments Each positive testimonial is a signal of trust earned, problems solved, and clients guided through challenges that often felt overwhelming. Tracy Green and Ontario-Wide Financial have received some glowing reviews.
West says, he was about to lose his home when a family emergency took priority over paying property taxes. When he couldn’t get a bank loan, he says, “Tracy came through when no one else would. She is my superhero and I would recommend her to everyone.”
Gabriella says, “I would give Ontario-Wide Financial 100 plus stars. There are no words to describe how easy my mortgage process was with Tracy.”
Other 5-star reviews include, “I highly recommend Ontario-Wide Financial to anyone who finds themselves at the bottom of the barrel, struggling to get back on top. They have shown me such grace, integrity, and kindness.” Another says, “Tracy went far and above to answer any questions I had.” Another person who came to Ontario-Wide Financial for bridge financing says, “Tracy took the time to listen and understand our finances.”
Take Advantage of the Knowledge and Tools Ontario-Wide has to Offer
Mortgage broker, Tracy Green can be the turning point for clients who feel stuck. She helps people clean up credit problems and rebuild their financial footing. Clients gain access to a wide range of solutions including pre-paid mortgages, reverse mortgages, and 5-year payment pauses.
Tracy Green meets with clients personally and she takes time to understand each person’s circumstances. Individuals never feel alone and are guided to better place than where they started. Tracy Green says it best, “We are just a small brokerage firm that can do big things to improve our clients’ lives and finances.
Call Tracy Green for a free consultation at (416) 925-3974 or (705) 259-3974, or Toll-free at 1 (888) 307-7799. Visit their website or apply online here.