We are a boutique style Mortgage Broker firm offering services throughout British Columbia, Alberta and other areas of Canada. Our firm's staff are a group of well-trained, industry experts. As a broker it is our job to not only provide a competitive solution but also to provide mortgage counseling on the best product to suit your needs.
Commercial lending is a whole different ball game than residential lending. What do you need for a downpayment? What is the difference in terms. We have decades of experience in this field, and can help you make the best choices for your business needs. If you need access to additional funds, using the equity in your home can be a lower cost way to borrow the money than taking out a traditional loan.
Commercial lending is a whole different ball game than residential lending. What do you need for a downpayment? What is the difference in terms. We have decades of experience in this field, and can help you make the best choices for your business needs. If you need access to additional funds, using the equity in your home can be a lower cost way to borrow the money than taking out a traditional loan.
Services
If your down payment is coming from savings, a lender will want statements proving that the funds have been accumulated over at least three month's time. If your down payment is a gift, provide a statement showing the funds deposited into your account, and get a signed gift letter.
If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.
If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.
A reverse mortgage is a way for Canadian homeowners 55 or older to turn up to 55%* of the value of their home into tax-free cash. It lets you retire safely and securely in the home you love. It's a loan secured against the value of the home. Unlike a traditional home equity line of credit or conventional mortgage, there are no monthly mortgage payments for as long as you live in your home.
How much money can I get from a Chip Reverse Mortgage? The amount you are eligible to receive depends on the age of the youngest applicant, the value of your home, and the type and location of your property.* Do I have to make payments? No, there are no mortgage payments required until you choose to move, or sell your home.
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