Canadalend.com is an online-based mortgage brokerage that specializes in residential and commercial mortgages and debt management.
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.
Canadalend is no different than other Ontario mortgage consultants. Their services extend to:
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.
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.
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.Back
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
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