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What is the Difference Between a Co-Signer and a Guarantor?

What is the difference between a co-signer and a guarantor?   I am a little confused regarding the differences between a consigner and a guarantor. Do I need both to be able to qualify for a mortgage? ...AnswerHi there and thank you for reaching out to the Canadalend Team with your inquiry.   The difference between a co-signer and a guarantor is that a co-signer is on the title and a guarantor is ...

Will I Lose My House if I File for Bankruptcy in Canada?

Will I lose my house if I file for bankruptcy in Canada?   I have not been successful in keeping my finances in check due to some unfortunate events. I think I will need to file for bankruptcy and ...AnswerHi there and thank you for reaching out to the Canadalend team with your inquiry.   If you have filed for bankruptcy in Canada, you won't necessarily lose your home --No.   Often times you can ...

Can I use my Home Equity to Buy a Second Home?

By CanadalendFAQ0 comments
Can I use my home equity to buy a second home?   I was thinking about buying a second home to maybe use as an investment opportunity. Is there anyway I can use my current home equity to purchase a ...AnswerHi there,   Thank you for reaching out to the Canadalend Team.   Yes ,you can use your home equity line of credit to go towards a down payment for a second home. Have more questions about home ...

What are the Costs of Refinancing a Mortgage in Toronto?

By CanadalendFAQ0 comments
What are the costs of refinancing a mortgage in Toronto?   I was hoping to get some more information regarding the costs associated with refinancing a mortgage in Toronto.   Are there extra ...AnswerHi there and thank you for reaching out to the Canadalend team with your inquiry.   Refinancing your mortgage is not for everyone, when refinancing your mortgage, it is important to take into consideration ...

How are mortgage rates calculated? What would the ideal credit score be in order to secure a decent rate?

By CanadalendFAQ1 comments
How are mortgage rates calculated? What would the ideal credit score be in order to secure a decent rate?      I need some help and advice about securing a mortgage.   How are ...AnswerHi there and thank you for your inquiry.   Anything over 700 is a great credit score, but it is always important to remember that there are many factors to take into consideration when applying for ...

What is Needed to Get a First Mortgage?

By CanadalendFAQ1 comments
  Our job is to find the best rate suited for your deal. All you do is fill out an online application or call us at 1-866-i CAN LEND   Our job is to find the best rate suited for your ...Answer When purchasing a home, the size of the down payment is always taken into consideration, the bigger the down payment the better.    Feel free to contact a member of the Canadlend team for more ...

What type of mortgage is best for first time home buyers?

By CanadalendFAQ1 comments
What type of mortgage is best for first time home buyers?   As a first time home buyer I am a little overwhelmed with the amount of information that is out there regarding mortgage and loan options. ...AnswerThis all depends on how your credit score income and how big your down payment is!    The best thing to do is to go to Canadalend.com and fill out an application, from there we will be able ...

How to get a mortgage with bad credit in Ontario

By Canadalend1 comments
How to get a mortgage with bad credit in Ontario   I do not have the greatest credit and I do not have any assets or collateral, can I still apply for a mortgage through Canadalend? AnswerHi there,   Thank you for reaching out to the Canadalend team with your inquiry.   Of course!   We can ensure our clients that we will find them the BEST possible deal best suited for their ...

Mortgage lenders in Ontario with the lowest rates.

By CanadalendFAQ1 comments
Mortgage lenders in Ontario with the Lowest Rates.   There are many different mortgage lenders in Ontario and they all promise a decent rate.   What can Canadalend offer me in terms of finding ...AnswerCanadalend.com has the best customer service in the industry!   We will work with our clients to ensure we get the deal done as quickly as possible, the client has the best possible rate, and that ...

Lowest mortgage rates in Ontario

By CanadalendFAQ1 comments
Lowest mortgage rates in Ontario   What Can I do to ensure that I get a low mortgage rate?   What are the main things I need to consider when applying?  AnswerIt is always good to ensure you have a great credit score, the better the credit score the more likely you are of potentially receiving a lower rate.   Mortgage lenders also take income into consideration ...

Best Second Mortgage Lenders

By CanadalendFAQ0 comments
Best Second Mortgage Lenders    Hi there,   I am interested in learning more about the second mortgage options available to me.   What are some of the things I need to consider when ...AnswerHi there and thank you for your enquiry.   When looking for a second mortgage it is always good to consider that you can potentially be receiving a higher interest rate, higher fees, and a higher ...

Best Second Mortgage Rates in Canada?

By CanadalendFAQ1 comments
Best Second Mortgage Rates in Canada?    I may need to take out a second mortgage in the New Year but want to learn more about the rates involved.   How can I be sure that I am getting ...AnswerHi there and thank you for your question.   Come to Canadalend.com!   We will do the work for you!   Our job is to find the best rate suited for your deal. All you do is fill out an online ...

How can mortgage brokers help first time home buyers?

By CanadalendFAQ1 comments
How can mortgage brokers help first time home buyers?   What are some of the benefits that first-time home buyers can expect when going through a mortgage broker as opposed to a bank?AnswerHi there and thank you for your question!    Our clients endure less stress! Getting a mortgage can be a very stressful experience but here at Canadalend.com we take that on for our clients! ...

Are first and second mortgage rates the same?

By CanadalendFAQ1 comments
Are first and second mortgage rates the same?   I was interested in getting more information about applying for a second mortgage.   Are the rates higher than that of a first mortgage?  ...AnswerHi there and thank you for reaching out to the Canadalend team.   Yes, the rates for a second mortgage are generally higher than a first depending on what type of lender approves you but at Canadalend.com ...

Latest Mortgage Rates in Ontario 2018

By CanadalendFAQ1 comments
Latest Mortgage Rates in Ontario 2018   Where can I find the latest information about mortgage rates in Ontario for 2018?   How often is the mortgage rate information updated?    ...AnswerHi there and thank you for reaching out to the Canadalend team.   Canadalend.com!   You can visit our website for the most up-to-date information about the Mortgage rules, we update our site ...

Reviews

4 member reviews
    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    so hellpful with their responses to mortgage related questions
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
    Very Helpful financing and lending information!
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