A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.
If you have had financial troubles in the past, and you have a poor credit rating it does not necessarily mean a mortgage for a new home is out of reach. Maybe you went through a bad divorce, or your small business failed resulting in bankruptcy. Maybe you lost your job and defaulted on loans. Regardless of the circumstances there is still hope and talking to a mortgage broker can help you chart a course to a new home through a new mortgage giving you and your family a new future. Mortgage brokers have direct connections with hundreds of different lenders willing to lend to people with bad credit ratings.
We help you figure out payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments — along with providing a monthly amortization schedule.
A mortgage payment calculator calculates your monthly payment and shows you the corresponding amortization schedule. If you are purchasing a home, a payment calculator allows you to test down payment and amortization scenarios, and compare variable and fixed mortgage rates. It also helps you calculate CMHC insurance and land transfer tax.
Your mortgage prequalification is a great first step of your home buying journey. It provides you with an accurate estimate of how much you may be able to afford so you can set a realistic price range as you shop for a home.
A mortgage loan calculator - also known as an amortization schedule calculator - lets you estimate your monthly loan repayments. It also determines out how much of your repayments will go towards the principal and how much will go towards interest.
First-time home buyer? We can help you understand the home- buying process and transition into home ownership with advice every step of the way.
Do you have bruised or bad credit and are in need of a new mortgage, or looking to refinance your existing mortgage? We can help. These days when you apply for a mortgage with your bank and don’t meet their criteria, what do you do next? Who can you turn to? Thankfully, we have access to lenders who specialize in non-conventional mortgage loans to help out people just like you.
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property. Commercial mortgages are structured to meet the needs of the borrower and the lender. Key terms include the loan amount (sometimes referred to as "loan proceeds"), interest rate, term (sometimes referred to as the "maturity"), amortization schedule, and prepayment flexibility. Commercial mortgages are generally subject to extensive underwriting and due diligence prior to closing. The lender's underwriting process may include a financial review of the property and the property owner (or "sponsor"), as well as commissioning and review of various third-party reports, such as an appraisal.
Home equity loans allow you to borrow against your home’s value. They provide access to large amounts of money, and they can be easier to qualify for than other types of loans because they are secured by your house. If your home is worth more than you owe on it, a home equity loan can offer funds for anything you want—you don’t just have to use the money for home-related expenses. However, using your home to guarantee a loan comes with risks.
Determining which mortgage provides you with the best value involves more than simply comparing monthly payments. We help you to sort through the monthly payments, fees and other costs associated with getting a mortgage. By comparing these important variables side by side, we can help you pick the mortgage that works best for you.
A private mortgage is a loan made by an individual or a business that is not a traditional mortgage lender. Whether you’re thinking of borrowing for a home or of lending money, private loans can be beneficial for everybody if they’re done correctly.
A second mortgage is a lien on a property which is subordinate to a more senior mortgage or loan. Called lien holders positioning, the second mortgage falls behind the first mortgage. This means second mortgages are riskier for lenders and thus generally come with a higher interest rate than first mortgages.