About Canada Lend

Canadalend.com is an online-based mortgage brokerage that specializes in residential and commercial mortgages and debt management.

Where is Canadalend located?

Generally, clients can reach the brokers at Canadalend on their website, Canadalend.com. However, they do have an office in Richmond Hill, Ontario and mostly service the Greater Toronto Area.

What kind of residential and commercial mortgages do they offer?

Canadalend is no different than other Ontario mortgage consultants. Their services extend to:

  • First mortgages
  • Second mortgages
  • Third mortgages
  • Self employed mortgages
  • Private mortgages
  • Debt consolidation
  • HELOC (Home Equity Line of Credit)
  • Bad credit mortgages
  • Cash back mortgages
  • Rental property mortgages
  • Refinancing
  • Renewals

Does Canadalend work with specific lenders?

The professionals at Canadalend have crafted relationships with a variety of lending institutions. They deal with big Canadian banks, smaller financial associations, credit unions, and trusts to get their clientele the mortgages they need at decent rates.

Can they help individuals with sub-par credit?

Canadalend is known for getting people on the right financial path. Their mortgage brokers specialize in helping individuals turn their bruised credit into healthy credit. For people with credit concerns or who have declared bankruptcy in the past, working with a company like Canadalend may help your cause.

They do not guarantee that they can find a mortgage package for everyone with bruised credit, but they aim to prove to lenders that you are not a risk. The job of a mortgage broker is to show lending institutions that you are an attractive borrower. If a lender deems you too risky, chances are you will not be given funding for your dream home. No matter if you are applying for your first, second or third mortgage, if you have bad credit, you should work with a broker, be it Canadalend or another well-respected firm.

What does Canadalend.com offer in terms of resources?

Due to the online nature of Canadalend’s business, their website features a blog section and other informative articles that deal with the mortgage and housing industry.

Moreover, their website claims that they are the home of the 24-hour approval. Offering quick turnaround for financing is a very common practice in the Canadian mortgage industry. If you have untarnished credit, the easier time you will have getting approved for funding. However, if you do not have good credit, even if you work with a skilled broker, you may not be approved so quickly. It is important to remember that credit plays a strong role in the mortgage process, and the 24-hour approval is not for everyone.

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