To some, the mortgage industry is a complex mystery. Have you heard or learned all you need to know about getting a second mortgage on your home or business? If not, you will definitely want to read this article thoroughly to ensure you have all the facts in hand before making any swift decisions with your finances.
The mortgage industry has changed tremendously over the last five years. If you’re a first-time homebuyer, looking for a second mortgage, or you’re self-employed you want to get the best mortgage rates in Canada. First, you must understand how the mortgage industry works.
When applying for a mortgage you should do your research, including:
In Canada, almost 20% of people are self-employed. When you’re self-employed, getting a mortgage is not as difficult as it may appear. Although mortgage approval criteria are strict, private self-employed mortgages has made it possible to get a quick approval. Before approaching a mortgage lender, you should make sure that you are prepared well in advance. In order to be prepared, you need to understand and be able to provide any and all documents required to help you meet the criteria. Here are 5 important things for your to consider.
The Ultimate Guide to Private Mortgages
If you are a Canadian that has ever had a dream of owning your own home, but your mortgage application was refused by the bank, you may want to consider researching private mortgage lenders. The federal government has implemented new rules for mortgage borrowers, which has increasingly made private mortgages a more popular option amongst homebuyers and property investors. It’s quite simple, banks are strict and it’s often hard to get approved.
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.
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.
