Tough Times call for Dependable Lenders
In 2007, seven aging homes were purchased on Lawrence Avenue West in Etobicoke. Today, a row of 12 stunning semis stand in the same spot. But the outcome could have been vastly different.
When the financial crisis hit in 2009, Foremost stood by the builders and worked with them to renew their mortgage – not only once, but twice. During the same period, several other lenders refused to give renewals to their clients and demanded that funds borrowed be repaid.
The one variable you can't control is economic climate. Other lenders might entice you with empty promises. But ask yourself, will they be there when you need them most?