Elias Development is dedicated to providing its clients with a one stop shop for all your Residential Financing needs. Elias Development partners itself with over 40 different lenders and institutions to provide you with a mortgage that suits your individual needs. Private and Institution mortgages are available. Elias Development offers 1 to 10 year terms, and can be amortized for up to 40 years. Please contact one of our representatives or fill out a credit application to receive further information. CLICK HERE for a credit application. Thank you for choosing Elias Development.

FIRST MORTGAGE - A client who is looking to purchase a home, or own a home currently and is free and clear of a mortgage will qualify for a firstmortgage. Elias Development offers financing up to 105% of the property value, depending on the clients credit. Institution and Private fundsavailable. No minimum credit score required, Elias Development offers credit financing and equity financing that is available across Canada.

SECOND MORTGAGE - A client who currently already has a mortgage can apply for a second mortgage if the equity is sufficient. Rates are usually a little higher than the first mortgage but cash will be readily available at time of closing. Second Mortgages act in the exact same way as the first when it comes to term and interest. Please speak with one of our representatives for further information

THIRD MORTGAGE - A client who currently already has a first and second mortgage can apply for a third mortgage if the equity allows to do so. Rates are usually a little higher than the first and second, and this step is usually used if someone is looking to pay off debt. For more info please contact one of our representatives

HOME REFINANCING - A client who is looking to refinance their home for whatever reason can be eligible for a home refinance up to 100% of the value, depending on their credit score and income. Refinancing is a good way to consolidate and pay off debt, or have cash available for a project you are looking to start. Refinancing is a broader subject than explained here, please contact one of our representatives for further information

HOME EQUITY LINE OF CREDIT - A client can receive a home equity line of credit secured on the property usually up to 90% of the property of the value. This is the amount of the purchase price or appraised value, minus the first mortgage and 90% of the difference. The home equity line of credit acts the exact same as a regular line of credit, but is similar to a second mortgage. Depending on the clients credit score and income will determine the rate of interest