Why do I need a property appraisal?

By Anonymous3 comments
Why do I need a property appraisal?   Hi there, I have begun the process of purchasing a home and was wondering why I need to go through a property appraisal. Is this something that the banks can ...AnswerHi there,   I have begun the process of purchasing a home and was wondering why I need to go through a property appraisal. Is this something that the banks can really force me to do?   The ...

Residential and Commercial Financing

By Guest3 comments
Residential and Commercial Financing   I am in need of help with both residential and commercial financing. I would like more information on some of the options Canadalend can offer me.AnswerOntarians looking for residential mortgages have traditionally turned to banks and other financial institutions. However, that has changed in recent years, as an increasing number of home buyers have been ...

Why should I go to a Mortgage Broker or Agent first?

By Guest2 comments
Why should I go to a Mortgage Broker/Agent first?  I always assumed that in order to begin the process of purchasing a home I had to go directly to my bank.   Is there any specific reason ...AnswerYou should go to a mortgage broker or agent first because it saves times, hassle and money.   Their job is to get you the best deal possible for your mortgage.   So instead of shopping ...

Mortgage Broker Fees Canada

By Guest3 comments
Mortgage Broker Fees Canada I was told by a family member that I should look into hiring a mortgage Broker to help me find mortgage options.I really do not know where to begin looking to be honest.   What ...AnswerThe fees associated with hiring a mortgage broker is a common one.   Mortgage brokers tend to earn a one-time commission from the lender.   The amount often varies depending on the type of mortgage ...

What Can I Use for a Down Payment?

By Pamela Scott2 comments
What Can I Use for a Down Payment?   I am thinking of purchasing some property in the near future, what can I use for a down payment towards the purchase?   What do I need to take into account ...AnswerWhen it comes to down payments, there are various options available that most people don't even consider. Here are a few examples:    RRSP’s are used as down payments. First time ...

What is the minimum down payment required to purchase a property?

By Spring1 comments
What is the minimum down payment required to purchase a property?   I am new to the home buying process and have just started saving up some money.   What is the minimum down payment required ...AnswerThis is an excellent question and is something that all home buyers need to keep into consideration, here are some examples of the minimum payment requirements needed in order to purchase a property in ...

What should I budget for a home purchase?

By Anonymous4 comments
What should I budget for a home purchase?   My husband and I have been discussing purchasing our first home together.   We wanted to know, aside from the amount we need to leave aside for a ...AnswerHere are a few things to keep in mind when starting to budget for a home purchase:   •Before moving day: Down payment, legal fees, deposits to builders ( if valid), real estate fees ( if ...

Mortgage options for a bad credit score

By Jonathan McClap4 comments
Mortgage options for a bad credit score I have made a couple of mistakes in the past and now my credit is pretty bad. I really want to buy a home to start a family in but I have a bruised credit score. ...Answer Most Canadian banks will not approve a mortgage loan for those individuals who have a low credit score (below 600), if you are in that situation you will have to look for a “B lender” ...

Why Deal with a Mortgage Broker/Agent?

By Anonymous3 comments
Why Deal with a Mortgage Broker/Agent?   I am thinking of buying a home and don't know where to begin.    The process seems so daunting. My friend has told me about seeking the help of a ...AnswerA broker has access to a variety of lenders and has the educational background and training to provide a consumer with choices that fit their needs- Raj Babber   For some individuals buying a home ...

What Is a Mortgage Broker?

By Pamela Scott2 comments
What Is a Mortgage Broker?   I need some help figuring out where I can get funding for mortgage financing.   I was told a mortgage broker could be of assistance but I would like to know more ...AnswerA mortgage broker negotiates mortgage loans on behalf of individuals or businesses, they act as a facilitator.    Please feel free to contact a member of our knowledgeable professionals ...
Home Loans during Consumer Proposal

Home Loans during Consumer Proposal

By Spring3 comments
Home Loans during Consumer Proposal   Will your company be able to offer me a loan if I am in a consumer proposal? If not what are some of my options while in a consumer proposal. Any help would ...AnswerHi there,   Thank you for reaching out to the Canadalend Team with your question regarding home loans during a consumer proposal.   Yes, we would be able to find you a loan if you are in a consumer ...

Mortgage Refinancing Canada

By Lily Daniels3 comments
Mortgage Refinancing Canada   I am looking for mortgage refinancing help. Will the services offered by Canadalend help lower my payments and debt? Will this option be available to me even if I ...AnswerHello Lily,   Thank you for reaching out to the Canadalend team with your question about the mortgage refinancing options currently available in Canada.   The short answer is Yes of course! ...

First Mortgage Loans GTA

116.pngBy Mark2 comments
First Mortgage Loans GTA   I am new to the mortgage market and am in search of my first mortgage. I don’t know if I understand the process completely, is your company able to offer me a mortgage ...AnswerHello Mark,   Thank you for your question to our team!   Canadalend can help!   If you are in the market for your first mortgage and a bank turns you down Canadalend will find you the ...

Bad Credit Mortgage Loans Guaranteed Approval Canada

By Anonymous1 comments
Bad Credit Mortgage Loans Guaranteed Approval Canada    What are the main things I need to have in order to qualify for a mortgage loan through your company?   Does Canadalend offer guaranteed ...AnswerHi there,   Thank you for your question regarding guaranteed approval loans.   Because our firm is an equity based brokerage, as long as your home has equity we can lend you funds!   Contact ...

Bad Credit Mortgage Ontario

By Jonathan McClap2 comments
Bad Credit Mortgage Ontario   I have bad credit but I still want to look into getting a mortgage.   What are some of the documents I need to have in order to make sure I get a loan as soon as ...AnswerHi there and thank you for reaching out to the Canadalend team with your question regarding bad credit mortgages.   Some documents that you would need to have in order to get a loan as soon as possible ...

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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