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
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.
Over the last number of years, big banks and traditional lenders have implemented several very strict lending rules to crack down on mortgages for those who are self-employed entrepreneurs with no reportable income.
These tighter rules can affect your business quite negatively – but this is where Canadalend and alternative lenders can get you the mortgage solution that is right for you and your business.
Canada’s tighter lending rules only impact those who turn to banks. Non-traditional, alternative lenders are not bound by the same mortgage rules. That’s a fact that’s becoming more evident to an increasingly larger percentage of the population.
Canadians are now turning to mortgage brokers like Canadalend who work with these alternative lenders for no-income mortgages in the Greater Toronto Area. Upwards of 15% of all mortgages originate with non-traditional lenders - a share of the market that has grown significantly since the 2008-2009 recession.
Mortgage brokers who deal with private and alternative lenders fill an important void left by the highly regulated banks by giving potential borrowers the chance to secure a self-employed mortgage or no-income mortgage.
If you’re an entrepreneur and are being prevented from getting on the property ladder by the big banks, the independent, licensed mortgage agents at Canadalend.com can help.
Our agents have access to many institutions and private lenders - many of whom specialize in lending to those who are self-employed, single income earners, or simply do not qualify against the bank’s stricter terms.
The alternative lenders that we work with understand that those who are self-employed look for ways to minimize their taxable income. If your income doesn’t meet the unreasonable requirements set forth by the big banks, we can find other lenders that are willing to step in and help you secure a no-income mortgage.
Proof of income can be difficult to verify for those who are self-employed. The stricter lending rules have led the big banks to want to see as much documentation as possible. Canadalend streamlines the mortgage process and can get you approved for a home equity loan or line of credit usually within 24 hours.
We also understand that there is more to getting a mortgage than just finding one with the lowest interest rates - although that’s certainly important - since a lower interest rate will help you save tens of thousands of dollars over the life of the mortgage.
The licensed mortgage professionals at Canadalend.com want to make sure you understand every aspect of the mortgage process, every step of the way. This includes working out the best amortization period, choosing a fixed or variable rate, and deciding on the best repayment plan for you. It also means that we go over the fine print, making sure you understand the terms and conditions together with any additional fees or penalties.