Best Mortgage Broker Toronto
Protecting Your Credit Score During COVID-19 Pandemic
Having a good credit score is imperative as your credit score can be a factor in whether or not you are approvable for certain purchases and could affect opportunities. Credit scores are intended to help lenders, creditors and others make fair decisions on whether or...
Has COVID-19 Impacted the Real Estate Market?
With the COVID-19 virus and many uncertainties nested among us, we are likely going to see many changes in the real estate market as a result in the time to come. Uncertainty surrounding the long-term effects of COVID-19 has paused real estate activities. The...
What are Mortgage Broker Fees for Private Mortgages?
If a mortgage broker is arranging your private mortgage for you, you can expect to pay a broker fee, since in this instance the lender does not compensate the mortgage broker for their work. These fees are deducted from the mortgage money provided at the time of...
Looking for a Private Mortgage? We Can Help!
At SAN Mortgages, we can help you find the right private lender to work with. We have a large network of experienced mortgage lending partners, and we can help you find the lender to work with you. We’ll help you gather the information you do need and do all the...
What are Private Lenders Lending Guidance?
Each private lender has their guidelines and comfort zones on how much they are willing to lend out based on the Property Type, Property Location, Down Payment/ Existing Equity, and the Applicant(s) ability to repay from an income standpoint. Applicant(s) credit holds...
Why Consider a Private Mortgage?
For the longest time, the majority of people considered private mortgages to be the last resort option, this is no longer the case. Choosing a private mortgage, even if you’re able to get one from an institutional lender, might be the best decision for your future....
When Are Private Mortgages a Good Option?
If getting a mortgage has turned out to be a difficult process for you, it may be time to start looking into alternative ways to get approved. The decision to go with a private mortgage has to make sense. Here are some scenarios when it is a good solution and if one...
How Do Private Mortgages Work?
Lending private mortgage money simply refers to private individuals or groups loaning money to a borrower. The borrower might be looking for a mortgage to purchase a property, wanting to re-finance an existing mortgage, or needing to add a second (or third) mortgage...
Pros and Cons of Using a HELOC for Debt Consolidation
A Home Equity Line of Credit is an open-ended account similar to a credit card that you can borrow against and repay. The fact that HELOC loans are very similar to credit cards can be considered an advantage or a disadvantage depending on which side of the fence...
Pros and Cons of Using a Home Equity Loans for Debt Consolidation
If you’re a homeowner, you can borrow against the equity in your home and consolidate your debt with a Home Equity Loan or Home Equity Line of Credit (HELOC). Equity is the value of your property based on how much you have paid down on your first mortgage. While...