Residential – Yourmortgagefinders.ca

Mortgage Renewal or Switch

Renewing your mortgage means staying with your current lender for another term. You’ll have an opportunity to negotiate your interest rate and term, and you won’t need to re-apply.

Mortgage Refinance

Refinancing your mortgage means renegotiating your existing mortgage loan agreement. You might do this to consolidate debts, or you could use the equity in your property to increase your mortgage loan amount for large expenses.

Private Mortgages

Private mortgages can be an alternative source of financing for borrowers and are usually a high return investment opportunity for investors. Most banks and institutional lenders typically need to satisfy strict lending criteria

Rent-To-Own

Rent-to-own is renting with the option to buy. The deal is setup using an Occupancy Agreement and an Option to Purchase Agreement. With rent-to-own, then tenant-buyer has the option to purchase the home at a pre-determined price within a given time period.

Mortgage Portability

Porting your mortgage means taking your existing mortgage—along with its current rate and terms—from your current home to your new home. You can port your mortgage if you’re purchasing a new property at the same time you’re selling your existing one.

Construction Financing

A construction mortgage is a type of loan that finances the building of a home specifically. The money loaned is often advanced incrementally during the building phase as the work progresses. Typically, the mortgage only requires payment of interest during the construction period. When the building phase is over, the loan amount comes due—though some construction mortgages can roll over into standard mortgages.

Residential Mortgages

Residential Services