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
Nima Shadman was my agent and was excellent. Fast contact, fast responses, excellent service. Highly recommended A+++++++++
Harsh and Jay were amazing. We were dealing in a highly complex deal and they really came through for us. I would most definitely use them again.
I have been working with Stalin. He is very quick and efficient. He gave me different options for mortgages and advice on what would be best for me. Thank you Stalin and CanadaLend.
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!