We offer a Wide Variety of Mortgage & Financing Solutions. There are many different types of mortgages in today’s market that will help you with your financial goals. Different people need different things in a mortgage. Whether you are a first-time homebuyer, re-mortgaging your home for renovations, or consolidating debts, there is a type of mortgage that is right for you.
If you are unsure what type of mortgage that is right for you, we are here to help!
Owning your own home is a life-long dream. It brings with it pride of ownership, security and the chance your home will increase in value, making it a sound financial as well as a lifestyle investment. Whether you’re a first-time or repeat buyer, we’ll take the time to find you the best mortgage at the best rate possible.
The most common Home Purchase Mortgages are as follows:
High Ratio Mortgage (less than 20% down)
Conventional Mortgage (20% down or more)
First Time Home Buyer
Self Employed Mortgage
Please contact one of our Mortgage Professionals for further information how to simplify the Home Purchase Mortgage process for you.
Refinance/ Equity Take-Out Mortgage:
Today might be the best time to take some of the equity out of your property and use it to payoff other high interest rate debts or complete some much needed renovations or pay for your children’s university education. You can also use the equity in your home to finance the purchase of investments that will maximize your net worth.
Mortgage Refinance/ Equity Take-Out can prove beneficial in several ways:
Refinance a 1st & 2nd mortgage into a new First Mortgage
Purchase of Investments
Purchase of Investment Property
Debt Consolidation – consolidate high interest credit cards
Renovations and Home Improvements
Get Cash Out for any Purpose
Please contact one of our Mortgage Professionals for further information how a Refinance or Equity Take-Out Mortgage could work for you.
Renewing your mortgage is as important a financial decision as selecting your first one. Over 70% of homeowners simply sign the lenders renewal form at posted rates without shopping for the best rate and terms. This could result in either a higher interest rate and/or a mortgage package that does not cater to your individual needs. With our expertise in the mortgage industry, we can negotiate with your existing lender or find a new one; we will do everything to ensure you get both the best possible rate and product to meet your personal needs.
Please contact one of our Mortgage Professionals for further information with your Mortgage Renewal or Transfer.
There are many reasons why you might want a second mortgage. Moving to a newer or larger house and need a bigger mortgage, but would prefer to port your current mortgage because it is at a great rate. Or you require a high-ratio mortgage but want to avoid costly mortgage insurance premiums. Or your employment status, current financial situation or past credit history doesn’t fit the criteria prescribed by most lending institutions. Or your current first mortgage has a closed term and there isn’t a thing you can do about it.
Potential Clients include:
Small Business Owners and Self-Employed people. Majority of these individuals cannot prove income to qualify with the major banks.
Borrowers who have equity in their homes but may not have provable income that satisfies the banks.
People with former credit difficulties that have since been resolved. This includes discharged bankrupts without any waiting period.
Landed and non-landed immigrants to Canada who do not have a credit history.
Imperfect credit applicants.
Now you can use a first and second mortgage combination that can make it easier to qualify for the home you want. Take advantage of the benefits of a second mortgage for debt consolidation, investments, payoff back taxes, home improvements, and vacations.
Please contact one of our Mortgage Professionals for further information how a Second Mortgage could work for you.
A nice and simple way to get the funds you need. These deals typically involve Business for Self, Credit Issues, Rural Properties, Construction Advances, or other non-traditional funding needs. If you have equity in your home, we have private lenders that will lend money regardless of your credit or employment at the most competitive rates in the industry. Whatever your needs, we are here to find the best mortgage solution.
Private Mortgages can prove beneficial in several ways:
Mortgages up to 85% of the value of your home
Not based on your credit history
Lenient or No income verification
Please contact one of our Mortgage Professionals for further information how a Private Mortgage could work for you.
Home Equity Line Of Credit
A client can receive a home equity line of credit secured on the property usually up to 85% of the property value. The Home Equity Line Of Credit will also allow you to establish or re-establish a solid credit rating. Many people have been declined by the banks for a credit card due to past bad credit or because they have no credit history.
Please contact one of our Mortgage Professionals for further information how a Home Equity Line Of Credit could work for you.
Elias Financial Corp is part of the Verico Brokers Network.