Ontario Mortgage Agent L2 Practice Questions - Ontario Mortgage Agent Level 2 Licensing Exam

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A client approaches you seeking a mortgage but has a recent consumer proposal on their credit report, making them ineligible for traditional bank financing. Which of the following lending options would be most suitable for this client's situation?

Private Mortgage Lender A major Credit Union A large Schedule I Bank A prime trust company

Correct Answer:

Private Mortgage Lender

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