Other Types of Financing We Can Assist You With

Variable Rate Mortgages
Mortgages where your rate adjusts with prime. If your rate is prime minus 70 and prime is 3% then your rate would be 2.3%.
Fixed Rate Mortgages
Mortgages where your rate is fixed for the term of your mortgage. Your mortgage will be renewed at that time periods current rate at the end of your term.
Equity Take Outs
Helps take the equity out of your home for various reasons. The most common that I see are to make renovations, pay off credit cards at a better interest rate, take a vacation, start a business, put children through school, household emergency repair etc.
Commercial Loans
Loans that aid in the purchase of commercial retail space specifically for storefront or an office for companies.
Industrial Loans
Loans that not only to aid in the purchase of industrial warehouses but in some cases the inventory and machinery.
Multi Unit Residential Loans
Long term loans for the purchase of any multi-unit rental property. A multi-unit rental property must have five units or more.
Resort Cottages
Loans for dwellings outside of the cities boundaries. Used occasionally or seasonally.
Second Non-Primary Residences
Loans for second homes that the loan applicant does not dwell in. In most cases this is to aid children or family in the purchase of their homes.
Business Loans
Loans to aid in the start-up of a new business. These loans could also be to aid in a time of financial need or to expand and grow.
Refinancing
Loans that pay out your old mortgage at high interest rate and place you in a new loan at a lower rate of interest.
Construction Loans and Financing
Help with the acquisitions as well as appraise your property plans, assess your budget, and provide assistance if you are contracting yourself. We provide lines of credit, short term financing and can help with the financing of inventory.
Interim Financing
Financing provided for a short period of time until other financing is provided or the loan is paid out.
Inventory Financing
Provided not only for inventory when doing constuction but can also be provided to help fund inventory at a retail level.
Bridge Financing
Financing provided to aid the purchase of a second property until the sale of the first property is final.
Pre-Approved Mortgage
A mortgage where the lender has committed to a set amount of financing based on information given by the client before the purchase is made.
Conventional Mortgages
Any mortgage that has a minimum of 20% as a down payment. These mortgages can save thousands in mortgage insurance.
High Ratio Mortgages
Any mortgage with less than 20% down is considered a high ratio mortgage and, by law, must be insured.
First Mortgages
The lender with the primary lien/charge against your property. This mortgage has precedence over all other mortgages. Priority is determined by the date and time registered.
Second Mortgages
A mortgage loan granted when there is already a first mortgage registered against the property. Used when client does not want equity taken out of home but charged a higher rate of interest than an Equity Take Out.
Third Mortgages
A mortgage loan granted when there is already a first mortgage registered against the property and a second mortgage registered against the property. Lenders are reluctant to give third mortgages.
Blanket Mortgages
A mortgage creating a lien against more than one property at the same time. Taken at a time where interest rates are low and more than one property is involved.
Open Mortgages
A mortgage that permits repayment of the loan before the end of the term with out penalty.
Closed Mortgages
Mortgages that cannot be paid out before the end of the term without incurring a penalty. In most cases this penalty is three months interest payment but it can be more.
Fixed-Term Mortgages

Mortgages provided with longer terms usually 10 to 25 years. Taken when rates are extremely low and are expected to go up.

Adjustable Rate Mortgages (A.R.M)
Mortgages where your rate is different for the years of your term. This rate usually starts out low and becomes higher as the term progresses.
Secured Lines of Credit
A line of credit taken out against the equity in a home. This equity could also be in the form of a vehicle.
Equity Mortgages

Mortgages taken out against the equity you have built in your home. Different from an Equity Take Out because the equity is never removed from your present mortgage.

Multiple Term Mortgages
A mortgage that is split into separate amounts and taken at separate interest rates for specified length of terms.
6 Month Convertible Mortgages
Mortgages taken for a six month period and able to convert into a new mortgage of longer term while your old mortgage is in effect. Taken when preparing move to a new dwelling but have not found it as of yet.
Collateral Loans
Any type of loan you may need against equity you may have available. This equity could be in your home or even your vehicle.
Consolidation Loans
Loans to aid in the consolidation of debt. This can be for an individual, company or even a corporation.
Equipment Financing
Financing provided for the purchase of equipment for your company or business.
Bad Credit
Assist in the repair of bad credit through a free credit report analysis. Prepare clients credit for when they are ready to purchase a home.