Fixed Rates

Prime 7.20%
5 Year Fixed Rate 5.19%
4 Year Fixed Rate 5.39%
3 Year Fixed Rate 5.79%
2 Year Fixed Rate 6.09%
1 Year Fixed Rate 6.44%

Variable Rates

5 Year Variable Rate Prime -.90%
3 Year Variable Rate Prime -.90%

Private Mortgage Rates

First Mortgages starting as low as 7.99%

Second Mortgages starting as low as 9.99%

Up to 80% LTV
Beacon Scores from 300 +

St. Catharines Real Estate Market & Mortgage Offerings

The real estate market in St. Catharines is currently affordable. However, projections indicate that housing prices will continue to rise.

This increase is attributed to rising housing prices, a stable economy/job market, tighter resale conditions, and an increase in first-time buyers. With an influx of newer homes, contacting a mortgage lender in St. Catharines has never been more essential.

One factor that could cause the market to explode is Reuters’ forecasted decline in interest rates, projecting a decrease in the second quarter of next year. While it is difficult to predict exactly how this will affect the St. Catharines market, and the Ontario housing market as a whole, it may lead to a rise in demand and a push for more lending options.

Mortgage Rates St. Catharines: Experience Our Diverse Mortgage Offerings

Our mortgage options provide solutions tailored to our client's unique requirements. We work with your financial situation and goals to offer feasible suggestions at competitive rates.

Mortgage Refinancing

Mortgage refinancing involves trading in your existing mortgage for another one with different terms and balances. Homeowners often choose to refinance to access some of their home equity, take advantage of lower interest rates, or extend their repayment terms to improve cash flow or reduce monthly payments.

Home Buyers Mortgage Plans

We simplify the mortgage application process by discussing your needs, income, and future goals. Our brokers have access to numerous banks, credit unions, trust companies, and alternative lenders. We maintain superior working relationships with these lenders, providing greater access to various mortgage options.

Second Mortgage

Taking out a second mortgage on your home can be advantageous in several ways. A second mortgage in St. Catharines allows you to access your home equity for a significant amount of money that can be used to pay off debt, purchase a second property or make home renovations.

Additionally, it can help homeowners avoid a power of sale by bringing their arrears current and consolidating payments into one.

Commercial & Industrial Solutions

Whether you need capital to finance a new business, expand an existing one, or buy property, our expert team will find the best solution. With 20 years of experience, we have a team of construction and commercial underwriters.

Private Mortgages

Private mortgages offer a viable solution if you face challenges borrowing from financial institutions or need money quickly. Banks primarily focus on credit scores and income, resulting in lengthy approval processes.

However, private lenders can expedite the process and are more flexible with those who have credit issues, offering a short-term solution to help you re-establish your credit. They also consider borrowers' overall financial situation, making them a good option for self-employed individuals.

Bad Credit Mortgages

Damaged credit makes mortgage approval challenging because you are considered high-risk. If you are approved, it sometimes comes with higher interest rates, causing individuals to fall further into debt.

However, our network of private lenders is increasingly lenient regarding credit history. They offer better interest rates compared to traditional lending.

Self-Employed Mortgages

Starting in 2014, the Canada Mortgage and Housing Corporation (CMHC) changed their requirements for self-employed mortgages. These changes require individuals to have third-party income validation, causing many to be declined.

However, since Canadalend is independent, we have access to thousands of lenders who specialize in funding those who don’t have a long employment history, are self-employed, single-income earners, or don’t qualify for traditional lending.

Home Equity Loans

Home equity loans are calculated as your appraised home’s market value minus any liens against the property. The advantage of this loan is its low-interest rates compared to credit cards, making them more desirable for consolidating debt.

It is a secured loan because it uses your home as collateral, making lenders more comfortable with your ability to pay. Lower risk equates to lower rates. Another benefit is that it can provide a tax deduction since 100% of home equity interest payments are deductible. It also allows owners to access large sums of money.

Home Equity Line of Credit (HELOC)

Access your home equity with our HELOC options. HELOCs allow homeowners to access a tax-free loan that acts like a credit card. We establish a pre-determined limit, and borrowers can access the funding they need. You pay on the outstanding balance.

Mortgage & Tax Arrears

Sometimes, the unexpected happens, and customers fall behind on payments. Contacting your mortgage broker before your situation becomes serious allows us to give you the best options to alleviate the pressure.

Our private lenders can provide you with the financial assistance you need. Additionally, you may qualify for a second mortgage or refinancing. Our team is dedicated to assisting you in finding the perfect solution to your financial needs.

Reverse Mortgage

Those 55 and over can qualify for a reverse mortgage loan accessible through lenders and brokers. The more home equity in your home and property value determine the loan’s feasibility.

If you want to supplement retirement income, improve your quality of life, or pay for expenses, reverse mortgages make sense.

Mortgage Renewal

Mortgage renewals are the perfect time to determine what you want your new structure to look like and whether your needs have changed. When your term ends, the existing lender provides moderate discounts over a posted rate. Your lender mails a letter, and what is required is signing it.

While it sounds easy, you must check what other institutions can offer to avoid losing thousands of dollars. Checking with other mortgage brokers may help you receive a better solution.

Why Choose Our Mortgage Services in St. Catharines?

Canadalend has a wide range of lenders available, including credit unions, private lenders, and banks. This means we can provide you with competitive interest rates and better terms.

Our mortgage brokers in St. Catharines have specialized industry knowledge, giving us a better understanding of the diverse products our lenders offer, market trends, features, and rates.

We can search through our network for solutions that benefit you by reducing your monthly payments, increasing cash flow, and relieving financial stress. Our friendly team is committed to meeting your needs, and our dedication to superior customer satisfaction means we take extra care to ensure you are satisfied.

Awards & Recognitions

I understand that by submitting this form, I consent to Canadalend’s Disclaimer and Privacy Policy. I also agree to be contacted by email, phone, text message or any other form of communication by Canadalend and its affiliates. My consent can be withdrawn at any time.