Lic 10845, Independently Owned & Operated

studentrentalIn wake of new mortgage rules, couple of lenders had temporarily stopped financing pure student rental properties. But at AKAL Mortgages, we've access to a lender that can finance student rental properties (condos as well as homes) with following criteria:

  1. 15% - 25% down payment;
  2. 40 years amortization; and
  3. Credit issue/Income Issues/Property Issue can be worked out.

B97329898Z.120140613102428000GAO5PP68.11Are you considering buying a new home or applying for a second mortgage? If you’ve never bought a home than the whole process is quite new to you, but you should learn the ins and outs before you start house hunting.

Pre-approval is an important part of the process and should really be the first step you take. However, in 2014 less than 10% of homebuyers actual completed this vital step. This is acutally quite shocking if you think about it. It’s like going shopping without money to pay. So, if you’’re a serious homebuyer ready to dive in, it won’t be fun to window shop and see the home of your dreams, just not to have the approval you need to buy it.

Self-Employed MortgageIf you are self-employed you know it harder to get mortgage financing when compared to the typical small business owner on a salary, who can produce a T4 slip. Since self-employed persons use accounting to report their income to the Canada Revenue Agency, and apply certain techniques which results in lower actual income, it's harder for them to prove their earnings.

private mortgagesAs a Brampton homeowner, did you know that you can benefit greatly from a private mortgage? Whether you are looking to improve your cashflow or you’re thinking about reducing high-interest debts, a private mortgage can play an important role and serve as a powerful tool to open up options for borrowing.



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Best Of Capacity

  • Jas Bath

    The experience with AKAL Mortgages Inc. is great!!! I recently got approved for a business loan thought them and the agent that helped me with the process was outstanding. I am impressed with the convenience and very helpful service. I hear their agents on the radio all the time making consumer aware of the options available about mortgages and loans. And, they way they do, touch my heart. So honest and ethical.

  • Oli Rubion

    My wife and I visited AKAL mortgages Inc. due to their reputation in the market. We were attended in a timely fashion to discuss our mortgage and line of credit needs. We are so glad that we were provided with great options and solutions to choose from. We are very happy and satisfied from the services provided by AKAL mortgages Inc. We definitely recommend their services to our family and friends.


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