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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?

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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 ...

Bank Won;t Give me a Mortgage Because I am Self-Employed

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Bank Won’t Give me a Mortgage Because I am Self Employed   I need help, I am having trouble getting a mortgage because I am self employed and the banks have rejected me as well because of this. ...AnswerHi there and thank you for reaching out to the canadalend team with your inquiry.   If the bank does not want to give you a mortgage because you are self employed,You can still get a mortgage through ...

Can I use a Home Equity Line of Credit to Pay off my Mortgage?

By CanadalendFAQ1 comments
Can I use a Home Equity Line of Credit to Pay off my Mortgage?   I have been reading a lot of mixed things about home equity lines of credit, I have heard of ways to use this as an option to pay off ...AnswerHello and Thank you for your Question.   A home equity loan can be used to pay off an existing, or first, mortgage.   Some home equity mortgages have low or no ...

Can I Qualify for a Mortgage in Toronto if my Spouse has Had Bad Credit?

By CanadalendFAQ1 comments
Can I qualify for a Mortgage in Toronto if my spouse has bad credit?   Hello Canadalend team,   I noticed that many people have been asking interesting questions about their own financial situations ...AnswerHi there and Thank You for contacting the Candalend team.    Yes of course, you can qualify for a mortgage if you spouse has bad credit, it may not be with a financial institution, but you will ...

Can I Get a Mortgage with Bad Credit and No Cosigner?

Can I get a mortgage with bad credit and no cosigner?   I was wondering if it was at all possible to get a mortgage with bad credit and no cosigner? If it’s a no what are some of the steps I ...AnswerHi there and Thank you for reaching out to the Canadalend team with your inquiry.   Regarding being able to get a mortgage with bad credit and no cosigner, Yes of course!   Chances are you ...

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 ...

Best Second Mortgage Lenders

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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 ...

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 ...
Does the Seller Get a Copy of the Appraisal if the Seller Paid for It

Does the Seller Get a Copy of the Appraisal if the Seller Paid for It?

Does the Seller Get a Copy of the Appraisal if the Seller Paid for It?    My broker has ordered an appraisal and I have requested a copy of it, however he has told me that he will not provide ...AnswerHi there and thank you for reaching out to the Canadalend team with your question.   A copy of the appraisal only goes to who ordered it, not who paid for it.    You can contact your agent ...
How Can I List and Sell My House for More Than What My Broker is Saying

How Can I List and Sell My House for More Than What My Broker is Saying?

How Can I List and Sell My House for More Than What My Broker is Saying?   Hi there,   I was wondering if I could please get some input on a situation I'm currently in.   I have paid for ...AnswerHi there and thank you for reaching out to the Canadalend with your question.   Typically appraisals come in lower than the market value, but in appraisals there is a comparable section which allows ...

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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