Tag: Private lender

New Mortgage Company Puts the Power in Borrowers’ Hands

New Mortgage Company Puts the Power in Borrowers’ Hands

The Northshore News released an inciting article this March that covers WiiBid’s overarching goal of shifting the power dynamics within the mortgage industry by putting the power back in borrower’s hands. The newly released article outlines valuable statements from the company’s founder and Chief Executive Officer, Amin Eskooch who capitalizes on the lack of transparency […]

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5 Reasons People Are Turning To Private Mortgages In 2021

5 Reasons People Are Turning To Private Mortgages In 2021

Why opt for a private mortgage over a traditional mortgage? Every situation is different and there are a lot of variables however these are five of the main reasons why you would opt for a private mortgage over going to a bank.   1. Self-employed Someone self-employed who does not necessarily have a steady source […]

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5 Tips to Get the Best Canadian Mortgage Rates in 2021

5 Tips to Get the Best Canadian Mortgage Rates in 2021

purchase of your life. Shopping for a quality mortgage product is a key ingredient in that journey a choosing the right home starts with choosing the right mortgage. While most mortgage shoppers often feel that getting approved for a mortgage is almost like winning a marathon, at WiiBid, we feel it’s the other way around […]

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Can You Use A Home Equity Loan For Business Projects?

Can You Use A Home Equity Loan For Business Projects?

Whether starting or growing a business, your home equity can provide funding necessary to help ramp up or take your business to the next level. While business loans are restricted in use, home equity loans offer a lot more flexibility on how they can be used for your business. Feb. 1 start date for government […]

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DIY Mortgage Platform Featured In The Georgia Straight!

DIY Mortgage Platform Featured In The Georgia Straight!

Buying a property and keeping up with the expenses can be stressful, which is why homeowners need the best mortgage rates possible. It’s not “Home Sweet Home” without a sweet mortgage! That’s why WiiBid, B.C.’s latest innovative mortgage and lending platform, helps consumers find low financing rates by using machine learning and auction technology. Consumers […]

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Private Mortgages Powered By Nobel Prize Winning Theory

Private Mortgages Powered By Nobel Prize Winning Theory

Last year’s Nobel Prize in Economic Sciences was awarded to Paul Milgrom and Robert Wilson who have analyzed the function of auctions and have designed new auction formats that can be implemented for various platforms and products that are deemed challenging to sell traditionally. Well, what is auction theory? Auction theory is a selling model […]

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2021 BC Real Estate Trends – Tips to Succeed in a Seller’s Market

2021 BC Real Estate Trends – Tips to Succeed in a Seller’s Market

There used to be a time when downtown Vancouver was one of the most desired destinations, particularly as the central location for business activities, commercial, nightlife, entertainment, some of the best cousins, bars, and the most popular business hub for the city. With the pandemic at play, downtown living doesn’t seem to have all the […]

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Rejected by the Bank? Discover Alternative Financing Solutions!

Rejected by the Bank? Discover Alternative Financing Solutions!

When looking to secure a mortgage loan from a bank, there are several hurdles that borrowers need to leap over. This can be especially stressful combined with time-sensitive pressures – such as when trying to close a deal before another buyer swoops in with a better offer on your dream home. If the bank takes […]

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WiiBid: Turning Heads For Freelancers And The Self-Employed

WiiBid: Turning Heads For Freelancers And The Self-Employed

From driving an Ubers afterhours, to managing Airbnb spaces, or creating on Fiverr; Canada’s gig economy has been surging rapidly in recent years. Millennials nationwide are taking an entrepreneurial approach to reach their financing goals. The unprecedented growth in the e-commerce sector has revealed many fascinating opportunities for freelancers to accumulate passive income. As if […]

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Will Mortgage Shopping Be The Next To Go Online?

Will Mortgage Shopping Be The Next To Go Online?

Everybody knows that the COVID-19 Pandemic has had quite an impact on 2020 and will likely continue to do so for the years to come; but what does that mean for traditional mortgages? Well for starters this year more than ever, we saw a shift of traditional shopping from in-store to online, boosting the market […]

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Private Lending Solutions at Auctioned Rates

Private Lending Solutions at Auctioned Rates

Looking for a private mortgage but want to make sure you are getting the best rate without spending valuable time shopping around? Look no further – WiiBid is your one-stop-shop! For the first time ever, lenders are bidding on mortgages! With WiiBid you can get “auctioned” rates which means you have a centralized marketplace to […]

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Facts About Alternative Mortgage Lenders

Facts About Alternative Mortgage Lenders

Everyone likes to believe that they will qualify for the best rates and terms when they start shopping for a mortgage, but this isn’t always a reality. Most residential mortgages will fit into three categories: “A” lenders – Chartered banks, credit unions, and monoline mortgage companies. These lenders offer the best rates and terms including […]

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