I've had the pleasure of working with Harsh and it's always a pleasure, he is so helpful and goes the extra extra mile for all his clients . I recommend Harsh and.Canada Lend to any and all my friends and family he has worked his magic for me and he will for you !
Great quality service! You can't find a better place to get your services you are looking for! This is your only stop for the right service for your needs! Staffs were amazing and emails were answered within seconds! I highly recommend ANYONE that is reading this now to not look any further but pick up the phone and call them! You can thank me later !
Great mortgage broker! Especially for self employed business owners, Stalin and Vivian got us a great deal! Highly recommended!
I give this company a 5 star review . Extremely reliable and responsive great friendly service. answer in a very quick way. Thank you so much for your professional work. and wonderful caring service
I have been selling real estate for over 10 years and have referred many clients to Canadalend. They provide a 5 star service. I have dealt with numerous agents at Canadalend and some to mention are Nima, Stalin, Matthew, Harsh, Bob and Jay. Over the years, Canadalend has continued to provide excellent service and are extremely knowledgeable professionals. They are the best in the business!! I will continue referring my clients.
At Canadalend, we believe that you should have access to your money whenever you need it, regardless of your past or current credit history. We help by finding you the lowest rates available, as well as providing the
support you need in order to achieve your financial or real estate goals.
The difference between the appraised value of your home and the unpaid balance of your current mortgage makes up your home equity. You can grow your equity by paying down your mortgage, but it can also grow on its own if the appraised market value of your home increases over time.
For example, if your home is worth $350,000 and you still owe $250,000 on your current mortgage, you would have built up $100,000 in home equity.You have worked hard to grow the equity in your home so why not use it however you'd like?
There are two types of home equity loans, a fixed-term loan and an line of credit - also known as a HELOC.
A home equity loan is a one-time lump sum of money that slowly gets paid back monthly with a fixed interest rate. A home equity line of credit can provide you with access to funds as you need them, in which you pay back like a credit card.
Fixed-term equity loans include Second and Third mortgages, Refinanced mortgages, Reverse (or Chip) mortgages, and Prepaid.
Although interest rates on a home equity loan are higher than on a First mortgage, they are typically much lower than a credit card.
Paired with the fact that the interest paid on mortgage loans is tax-deductible, as well as some products offering interest-only payments, it is easy to see why more Canadians are switching to Canadalend for all their mortgage needs.