Mortgage Brokers in Brampton

Mortgage Refinancing

Choosing mortgage refinancing in Brampton, Ontario, involves taking out a new mortgage to replace an existing one. These term loans allow homeowners to apply for their current mortgage’s existing amount or more. Homeowners can combine their first and second mortgages to obtain a lower interest rate or use it as a second mortgage.

The benefits of mortgage refinancing are lower rates, longer amortization, better terms, or extra cash.

Home Buyers Mortgage Plans

Home buyer's mortgage plans assist customers with varying credit types and incomes to obtain a loan. Our agents examine the market to provide our clients with the best deals for their situations and goals. With access to a vast financial pool, we ensure high competition for your business so you can receive funding at low rates.

Second Mortgage

Second mortgages are interest-only, short-term mortgage loans secured against available home equity. It derives its name by going behind your first mortgage authority-wise. Monthly payments from this loan are reasonable since they are interest-only and can be less expensive than the high rates imposed on credit cards/other loans.

Commercial & Industrial Solutions

Our commercial and industrial solutions are for those looking for financing to invest in an existing company or need money to start a new business. We recognize each company has their requirements. Therefore, our mortgage solutions are best suited to their needs.

Private Mortgages

Private mortgages provide another solution if you can’t obtain financing from lending institutions or traditional banks. Our private mortgages in Brampton are the perfect solution for those who are self-employed or who are rebuilding their credit. They focus on your property’s condition/value instead of income or credit, making them less stringent.

They are perfect as a short-term solution or if you need help building credit.

Bad Credit Mortgages

This mortgage type refers to a person who has a low credit score or no credit and applies for a mortgage. Traditional banks view you as high-risk because a higher value is placed on income and credit history. However, alternative lenders fund poor credit mortgages, emphasizing home equity instead.

We help you obtain the lowest mortgage rates in Brampton so that you can secure a mortgage.

Self-Employed Mortgages

Since 2014, obtaining a self-employed mortgage has been challenging. The Canadian Mortgage and Housing Corporation (CMHC) discontinued self-employed mortgages for those without third-party validation. Our non-traditional lenders are not limited by these regulations, allowing self-employed individuals to receive funding.

Home Equity Loans

Home equity is the difference between your home’s current market value minus your outstanding balance (mortgage). It involves mortgaging your house in exchange for a lump sum of money. Interest accrues on funds from the closing date.

Property is one of the few things that increase in value over time, making home equity loans in Brampton the perfect solution if you want to consolidate debt, invest, pay for a wedding/education/renovations, or buy another home.

Home Equity Line of Credit (HELOC)

HELOCs are loans where a lender provides maximum funding for an established term. Your home equity provides collateral against the loan. It differs from other mortgages as it isn’t paid in a lump sum but allows the homeowner to access money when needed.

Homeowners in Brampton, Ontario, can pay some or all of the loan without penalty, and can only pay interest on the outstanding balance.

Mortgage & Tax Arrears

Our mortgage lenders in Brampton can help alleviate the burden of mortgage or tax arrears by assisting clients in obtaining second mortgages to pay debts. Other options include equity loans, which provide better rates than credit cards and personal loans.

Reverse Mortgage

Reverse mortgages assist homeowners who are 55 years of age and older to receive financing through their home’s existing equity for tax-free cash. Owners do not have to make monthly payments on their borrowed amount unless they want to. Homeowners should note if they decide not to make voluntary payments, accrued interest is added without being deemed in default.

Mortgage Renewal

Is your mortgage up for renewal? It happens when homeowners are at the end of their mortgage term. While many people go with the same institution, it is wise to consider alternate options. Shopping around ensures homeowners receive the best deals at the lowest rate, freeing up their money for other things.