July 2020 Once again I am happy to say that Shamus at CanadaLend and his ability to find the best deal for his client has benefited us. Thanks to his consistent focus, relentless pursuit of the best deal for his client and infinite patience we were able to successfully renew our mortgage - in the middle of the COVID-19 pandemic. 2017 To say that I am pleased with the superior customer service provided by Shamus Chandani at Canadalend would be an understatement. Shamus listened to what we were asking for and then went out to find the best mortgage at the best rate. Now, you might say that any mortgage broker worth his salt would do that, but you'd be surprised. What made his service even more valuable was his continuous and open communication with us during the process and the genuine care that he took to ensure that all went well. We felt like we were his only client when he dealt with us and THAT is priceless.
Stalin, is the man to see when you need it! He is very professional, very kind, very quick to respond to your every need. If I can give 100 stars, I would. Stalin gets the job done! I would definitely recommend him to anyone!
It was a pleasure working with Mr. Cardenas. Very helpful, resourceful and very good advice. Will come back and will recommend to all. Thank you.
Great group to work with. Helped us obtain a construction loan for our addition. Very easy to work with, explained everything along the way, and always available to answer any questions we had. Highly recommend them.
I had the pleasure of working with Stalin Cardenas a number of times over the years to renew our mortgage. He’s always been amazing and there when we need him, however this occasion was different and complicated due to the fact we were not just renewing, we sold our home and purchased a new one and it had complications a long the way due to the buyer being laid off and getting snd extension on our property closing date which lead us to have to do an unexpected bridge mortgage for our new property and Stalin was there immediately to solved every problem that arose with the situation and made everything work out smoothly for the expected closing date on our new property. He worked miracles this time for us and I’m happy that I was with someone familiar and felt extremely safe and taken care of in these unexpected times and situation that we were faced with...We are giving him a 20 out of 10 for handling this situation with such ease and making us feel no worries when there could have been a lot to worry about and working so extra hard in these times for people like us who really need his help. Happy he was there is an understatement! Corinne and Frank
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.