Unlike the traditional lending system where your income and credit will limit you on the amount you can borrow, home equity loans offer you the ability to borrow as much as you have equity in your home. Thus if you have built a substantial amount of equity in your home due to price appreciation, you are able to borrow a large sum of money from your home. Depending on your area and type of property you can borrow as much as 85% to 95% LTV.

Yes you are approved if you have sufficient equity. Since your home serves as collateral to secure the funds provided by the home equity loan, the home equity lenders are far less concerned with events surrounding your credit and income. This is why a home equity loan can be provided to save a homeowner’s home when he or she is under power of sale for defaulting on the first mortgage.

Who are you calling? Ask yourself what happens if you just called RE/MAX or walked to their office to sell your home? Who would pick up the call? Would it be the best salesperson in the office? In fact the opposite is more likely. The chances are your call will be routed to the first person picking up the phone or you would meet those sitting around in the office because they don’t yet have enough experience/clients; and thus, you may not receive the level of service you had hoped for. Mortgages are no different. Therefore, it is absolutely critical to KNOW WHO WOULD BE WORKING ON YOUR FILE.

With access to OVER 500 PRIVATE LENDERS, I can approve mortgages that many other agents and brokers including those that specialize in bad credit and second mortgages cannot. I have built an extensive network of private lenders so that I can approve tough situations all around including in small towns and rural areas of Ontario.

Private mortgages are different from traditional mortgages in that it is up to each agent/broker to find his or her own source of private funds. Most agents have only a few lenders they use for every situation which results in high fees, rates and turn-downs due to the fact that not every lender is able to finance every area or type of property.

Since each applicant's situation is unique, I submit your request to the lender which can best serve your financial needs based on your location, type of property and LTV. This ensures that not only you receive the home equity funds you need on time but that you receive an outstanding service as well as low rates and fees. Contact me today to discuss your financing needs