On to this week’s guest Scott Dillingham, formerly the #2 Mortgage Broker in all of Canada for one of the big banks. Scott shares how the investor mortgage programs changed, almost overnight at the bank, the deterioration of Scott’s health leading to his exit to start Lendcity Mortgages, an independent mortgage brokerage with investor friendly lender relationships including for corporations and even commercial lending on single family rentals.
Scott has grown his business pretty quick with almost 30 staff including a commercial lending department. He also has a sizable real estate portfolio so he knows first hand what we investors go through and he’s a good guy for being one of our top donors to the Hamilton Basket Brigade.
Scott shares his predictions for interest rates in 2022, fixed or variable rate mortgages, where he's investing in the US.
Please enjoy the show!