Freedom Lending is a mortgage brokerage that assists home owners and buyers in finding funding for their residential real estate purchases.
Their head office can be found in Richmond Hill, Ontario. They service the Greater Toronto Area and are part of the Verico Broker Network.
Freedom Lending provides their clients with many mortgage products. They are not limited to finding funding for first time home buyers and offer the following services as well:
Rescue financing is a specialty mortgage product offered by Freedom Lending. This product is for people who are facing foreclosure on their property. Rescue financing helps you find proper funding to keep you from losing your home.
In most cases, this type of financing is done through a smaller lender and not a big bank. Like with all mortgage professionals, the brokers at Freedom Lending have shaped relationships with various lenders and can match you with one that deals with this specific product.
Freedom Lending is not the only mortgage brokerage in Ontario to provide rescue financing, and no matter which brokerage you work with to gain financial support, they cannot guarantee that you will not still lose your home. It may only delay the foreclosure process for a year or two, leaving you at a loss again. Before you decide that this product is right for you, ask your broker to explain it to you in detail. You do not want to lose your home but there may be other financial options out there for you.
Freedom Lending works with ScotiaBank, Home Trust, National Bank, MCAP, Equitable Trust and other major lenders on the Canadian mortgage scene. Additionally, they have relationships with smaller institutions and private lenders.
Freedomlending.ca has a blog portion of the website that is dedicated to educating individuals about the mortgage and housing industry. They also have a section that contains mortgage tools that deal with refinancing, debt consolidation and credit management.
Freedom Lending is akin to other Ontario mortgage firms because they too offer the option to apply online. For some people this is a time saving feature, while others prefer to meet with a broker first before completing a mortgage application.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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