The terms and conditions of a commercial mortgage may vary depending on the lender. However, most commercial mortgages have a payback term of five years or less. These mortgages are typically used to finance the purchase of retail space, office buildings, warehouses and several other types of commercial real estate. Commercial mortgages are also more…
HELOCs, or Home Equity Line of Credit, are loans that enable you to borrow funds against your home’s equity- the present market value of your home minus your remaining mortgage balance. When you secure a HELOC, you can withdraw the funds available in instalments as you need them, and pay interest only on what you’re…
It can be a daunting task to purchase your first house. The process is stressful and requires a lot of paperwork for you to secure a mortgage. You have to consider factors like mortgage interest rates etc., to ensure you successfully secure a mortgage. The approach should be well-taught and careful. Below mentioned are some…
It is an exciting time being a first-time homebuyer, but at the same time, it can also be nerve-racking because of the information and options available to choose from. It is imperative to do your due diligence before choosing what kind of house you wish to purchase so that you are getting the best deal…
When you decide to buy your first home, it can be stressful and exciting at the same time. With recent changes to Canadian lending regulations, including an increase in interest rates, it has become even more daunting to obtain a first-time home buyer mortgage in Scarborough. You will need to save enough funds for a…
There are a number of reasons why you would want to refinance your mortgage. It could be to leverage the equity you’ve built up in your home, to lock in a lower rate or to shorten the term of your loan. All of these are great reasons to take a little time to understand the…
If you have multiple loans and are finding it difficult to repay or simply challenging to manage them, then refinancing can offer you the much needed relief. Refinancing can help you replace your existing mortgages with a single loan. Refinancing mortgages can help you reduce monthly payments, it can lower your interest rate and can also be used…
A home equity line of credit or HELOC is a loan where the collateral is your equity in the house. Your home is one of your most valuable assets, it can be used when you are in need of immediate cash. This loan can be ideal to pay for expenses such as the education of your children, medical expenses and other home repairs and…
Why you should hire a mortgage broker to get a private mortgage? Private mortgages are loans that are provided by businesses or individuals as opposed to traditional financial institutions. Private mortgage can offer you money when you need it the most. It can be used for a number of purposes such as home repairs, renovations…
A commercial mortgage is a mortgage plan that is secured by your existing commercial property. This loan is secured against your office building, warehouse, shopping complex or any other commercial establishment that you own. You can rely on us to offer commercial mortgage solutions at affordable interest rates. Our commercial mortgages can be used to acquire new businesses, redevelop your…