Jay and Nima are true professionals!!! They are super easy to work with and take the worry out of the whole process of dealing with the bank I highly recommend using Canada Lends for your next mortgage From beginning to end they talked me through the whole process and helped me understand the requirements and documents that the bank needed Thanks Jay and thank you Nima because of you me and my family are loving our new home!!! I look forward to doing more business with Canada Lends in the near future
Canada Lend provided me with exceptional customer service. Stalin provided me with a speedy approval, very knowledgeable, very responsive. Thanks to Stalin!
Since working with Matthew, he has met and surpassed my expectations. He has taken the time to really know my needs, which gives me every confidence that not just my financial goals are well understood, but also my comfort level. Matthew regularly provided updates and was always available to answer any questions or to explain options. Matthew’s fine work and guidance has helped with transitioning us into seeing our plan for retirement come to life. And I for one, look forward to continuing to work with him on our next phase!!
Working with Matthew was a great pleasure. Not only did he take the time to make sure I understood all of my options; he was also efficient finding the right lender for me and a great rate! I couldn't be happier.
Stalin did a good job answered all my questions and concerns it was a nice to work with such a professional team!
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!