I was beyond thrilled at how quickly everything came together for us - Stalin was was on the ball 100%!
Nima Shadman at Canadalend got us the mortgage we needed and with a great rate. When a small issue came up 2 days before closing he got in touch with the bank and had the issue resolved quickly so that we still closed on time without any further problems. He was always available and worked hard to get us what we were looking for! I would highly recommend Nima and Canadalend.
As one of Ontario's premier boutique law firms we have had the benefit of working with many mortgage brokerages throughout the decades, however, we can say with the upmost confidence that Canadalend's services far surpass their competition. Bob Aggarwal and his team always deliver to their clients everything promised in addition to quality service. At the Top Law Firm we pride ourselves with only working with the top of any industry, that's why we are pleased to have Canadalend as one of our 5 star associates. Keep up the good work and thank you for providing our clients with the service and support they have now come to expect. You guys truly set the bar high when it comes to your industry standard.
Stalin was amazing. Very well organized and solution-oriented with excellent communication skills the whole way through. Highly recommend !
CanadaLend has provided our firm with exceptional customer service and are always available to work on a solution for every situation. Bob, Stalin, Vivian and the rest of the team always display a high degree of professionalism and are very knowledgeable about the real estate and mortgage industry. When you work with CanadaLend, you know you are being taken care of and are in great hands. Highly Recommended!
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.
Second mortgages are home equity loans that are secured against the equity you have built on your home. Why pay minimum payments towards car loans, credit cards, and other unsecured loans when you are only paying off interest?
If you have built up some equity in your home, a second mortgage is a great way to access money fast. The experts at Canadalend.com work with many lenders that can not only get you approved quickly but get you the best rates in Ontario!
After recent changes, the requirements for getting a second mortgage are no longer as stringent as a first mortgage. As a homeowner, the qualifications are based more on home equity than credit scores and income.
However, the rates and conditions attached to that second mortgage will vary depending on the lender. For example, a credit score and income may not be as important when qualifying for a second mortgage, but a better credit score and income could mean lower interest rates.
When it comes to finding the best second mortgage rates and terms in Ontario, more people every day are turning to Canadalend.com. Simply put, the mortgage experts at Canadalend have access to a much larger pool of private lenders. This allows us to find the best possible product at the best possible rate for your unique situation – unlike banks and traditional lenders who can only sell you their specific products.
After a free consultation with one of our qualified second mortgage specialists, we will be able to explain – in simple and clear terms - all the factors that determine the amount of money that you can borrow against your home.
For example, you could borrow up to 80% of your appraised home value, minus the balance of your current mortgage, home equity line of credit, or any other loan secured against your home.
That means if your home is appraised at $250,000, with $150,000 still owed on the first mortgage, a lender may agree to give you a second mortgage (a lump-sum payment) of up to $50,000!