Most Canadians do not have the monetary means to buy a new home without financial assistance. This is where mortgage lenders help. Lenders and borrowers come to an agreement in which the lender provides the borrower with the funds required to purchase a new property. The borrower then pays the money back to the lender, over a set time period, with interest.
It can be complicated to search for a residential mortgage rate without experience.Mortgage brokers, like those who work here at FamilyLending.ca, can assist with this process. Mortgage brokers have the experience needed to find residential mortgage lenders that suit your borrowing needs. What's more, they can do it quickly and efficiently.
A common error that first time buyers often make is borrowing a residential mortgage on rural property. This simple mistake can cost thousands of
dollars in interest payments. This is why it’s important to talk to a mortgage broker to make sure you’re getting the right mortgage for agricultural land. They will also help you with your agricultural mortgage refinance by connecting you with appropriate lenders.
Agricultural mortgage lenders often offer lower interest rates, flexible payment plans, periodic payment choice, and the option of transferring a mortgage to another person (generally another family member). These are the major differences between mortgages for agricultural land and consumer mortgages.
If you’re looking to expand your business, change location, or even start a new venture, one thing is for certain: you’re going to need funding. In order to handle your expenses effectively and efficiently, we recommending finding a commercial mortgage that's tailored to your needs. FamilyLending.ca has a network of institutional as well as wholesale commercial mortgage lenders that are experienced in commercial mortgage and commercial mortgage refinancing. Consult one of our commercial mortgage brokers to learn more about the resources available to you.
If you have bad credit, no credit, or have filed bankruptcy in the past, not all hope is lost. Contact the mortgage brokers at Family Lending for more bad credit mortgage advice or apply online to learn how you can become pre-approved for a bad credit mortgage or bad credit mortgage refinance.
A borrower may not always qualify for a traditional mortgage for a variety of circumstances, which we will discuss in this article. Not being approved for a traditional mortgage doesn’t necessarily mean you can't qualify for a mortgage. To qualify for a private mortgage to help you reach your home ownership goals, contact Familylending.ca to find out how we can help.
By working with you every step of the way, in order to help you accomplish your Agricultural, Commercial or Business goal, we will assist you in obtaining the following:
- Leasing and Term Loan Financing
- Aggressive Loan Amounts
- Competitive Interest Rates
- Flexible Terms