Many people who have either owned their home for at least a few years, or who have put a significant down payment on their home, will have equity in that home.
As an example, if you own a home worth $350,000 and have a mortgage balance of $250,000, then you have $100,000 worth of equity in your home.
Based on that information alone, you can qualify for a home equity loan / 2nd or 3rd mortgage.
You would be able to access these funds in as little as one day by contacting our office.
HOW CAN A MORTGAGE HELP WITH DEBT CONSOLIDATION?
By taking out a mortgage using the equity in your home, you are able to clear multiple debts / payments and combine them into one smaller, more cost effective payment.
WHY GET A LOAN FOR HOME RENOVATIONS?
A few simple renovations can increase the value of your property substantially. Think of it as an investment in yourself. A deck, a fence and a new kitchen can add tens of thousands of dollars to your asking price, which in turn puts even more equity in your pocket.
WHAT ARE THE RULES REGARDING WHAT I USE THE MONEY FOR?
We are talking about your equity, and your money, and you are allowed to do what you want with it. Having a plan in place moving forward financially is always important, and we are here to help you find the best option, but you are in control of your investment.
WHAT IF I HAVE BAD CREDIT?
If you own a home, you can get a mortgage, regardless of your credit or employment history. Obtaining a private mortgage can be a good way of starting the credit rebuilding process.
IS THERE A SPECIFIC AREA MY PROPERTY NEEDS TO BE IN TO GET A LOAN / MORTGAGE?
No, whether you live in a major city or have land in a rural area, we can provide a mortgage for you.
WHAT IF I ONLY NEED A SHORT TERM LOAN?
We take pride in being the fastest and most flexible mortgage provider in Western Canada, and are here to cater to your specific needs. We can terms as short as 3 months, short term bridge loans if you’re buying and selling properties, etc. Call today and find out what options we have for you.