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About Savers Mortgage

$aver$ Mortgage is a Canadian mortgage company that specializes in finding mortgages for people with poor credit.

Where are they located?

$aver$ Mortgage is located in Woodbridge, Ontario and services mostly the southern and central part of the province.

What sets $aver$ Mortgage apart from traditional mortgage brokers?

$aver$ claims to be able to find mortgage packages for everyone, no matter what their financial situation may be. They also help homeowners access the equity in their homes through home equity loans (turning the home’s value into cash for borrowers to spend how they like).

Furthermore, $aver$ Mortgage markets themselves as brokers and lenders, although they do find their clients mortgage packages through outside lenders.

What services do they offer?

Because $aver$ Mortgage finds mortgages for everyone despite their credit ratings, their services are geared towards people with less than ideal financial standings. They specialize in matching risky borrowers with lenders that are willing to take on that risk.

Their services range from:

  • Finding mortgages for people with bad credit
  • Finding mortgages for those who have declared bankruptcy
  • Finding mortgages for low-income clients
  • Finding second mortgages for people facing power of sale from their lender
  • Providing home equity loans for people who need fast cash

Does $aver$ provide residential and commercial mortgages?

Yes, they provide mortgages for those looking to purchase a residential property and those looking to buy commercial real estate.

Is their website informative?

The $aver$ Mortgage website, saversmortgage.com, provides information regarding all aspects of borrowing and lending. Moreover, they have a blog with articles detailing second mortgages, what to do if you’ve been turned down by your bank, power of sale and more. $aver$ has an apply now feature that allows you to start the mortgage process online.

Are there ample benefits to working with $aver$ Mortgage?

If you are someone with poor credit, it is to your advantage to deal with a brokerage firm like $aver$. Due to their proficiency at matching individuals with sub-par credit with lenders, you could benefit from their services if your credit is bad.

However, if you do not have bad credit and are simply looking for a traditional first or second mortgage, you may want to look elsewhere. This is not to say that $aver$ does not offer traditional mortgages, but they are more inclined to provide particular products like poor credit lending. $aver$ provides financing for borrowers that are considered risky because of low credit scores. If a lender doesn’t see you as a risk, you will not need this type of mortgage.

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