Popular Mortgages

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Mortgage
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What is Mortgage

• A loan to finance the purchase of real estate,
  usually with specified payment periods and
  interest rates. The borrower (mortgagor) gives
  the lender (mortgagee) a lien on the property as
  collateral for the loan.

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Popular Mortgages

• Residential Mortgages
• Commercial Mortgages
• First Mortgages
• Second Mortgages
• Private Mortgages
• Fixed Rate Mortgages
• Variable Rate Mortgages (VRM) / Adjustable Rate
  Mortgages (ARM)

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Residential Mortgages

• If you have bad credit history
• If you have previously rejected by the bank
• If you have applied for bankruptcy in the past

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Commercial Mortgages

• Looking for funding to start your first business
• Need financing for your existing organization

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First Mortgages

• If you are a homeowner, you took out a loan
  to pay for your house. That load, when taken out
  from a bank or other lender to pay for a first
  home, is called a first mortgage.

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Second Mortgages

• Second mortgages are loans against the equity in
  your home
• Its simply another mortgage on your home
• Uses for second mortgages
• - Home improvement
• - Consolidating your debt
• - Repaying mortgage and tax arrears

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Private MortgageAlternative source of financing
for borrowers

• Time is your concern
• You cannot wait for a long approval process
• You cannot qualify for a regular mortgage form a
  bank or institutional lender
• Private Mortgage may be the answer to your
  situation.

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Fixed Rate Mortgages

• Interest rate remains the same over the term of
  the mortgage

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Variable Rate Mortgages

• Variable rate mortgage is convertible mortgage
• You can be converted to another term at any time
• It enables you to convert to a longer closed term
  should your variable rate mortgage no longer meet
  your needs

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FAQ

• If you have any question related to mortgage
  please visit frequently asked questions
• Contact Canadalend.com for Best mortgage
  solution

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