Mortgage Brokers – Caledon, Ontario
Caledon mortgage brokers can help you get a first, second or third mortgage for your property. Our goal is to provide you with a low interest rate mortgage. We have specially trained brokers who handle home equity refinance, debt consolidation loans and self employed loans. Mortgage brokers Caledon, Ontario can give you all the information to make the right choice regarding your 1st, 2nd or 3rd mortgage. We also have mortgage brokers in Hamilton, Ontario and mortgage brokers in Toronto, Ontario.
Services provided by Caledon mortgage brokers
Bad credit mortgages – the term “bad credit mortgage” is actually misleading since the definition of bad credit is different for every lender. This term usually refers to your credit score which can range from 300 to 800 with most major lenders considering any credit score below 700 to be bad. The job of mortgage brokers Caledon, Ontario is to find a lender whose credit requirements match your present rating. As a borrower you should be aware that the lower your score the hard it will be to find a lender and the rate of interest will increase as the your score decreases. Caledon mortgage brokers will work to get you the lowest rate possible considering your present situation.
Mortgage brokers Caledon, Ontario can also arrange a credit repair program for our clients. The repair program involves a combination of paying off old debts, ensuring that all debt payments are up to date and establishing new credit. The repair program can have an impact in as little as six months but in most cases it takes about one year before the client see an improvement in their rating.
Debt consolidation – Many people have outstanding balances on their credit cards that they never pay off due to the high interest rates charged by the card issuing companies. Some cards have interest rates as high as 29% plus annual fees. By combining all the high interest debt into one loan and paying it off with a second mortgage, mortgage brokers Caledon, Ontario can cut the interest rate in half. The main reason for the lower interest rate is that credit card debt is not secured and is very high risk debt verses a second mortgage which is secured and has a much lower level of risk.
Liens – in some cases a creditor may have placed a lien on your property which may prevent you from renewing your present mortgage, some common types of liens are from builders or unpaid property taxes. In this case mortgage brokers Caledon, Ontario would arrange a loan to pay off the lien, which will then allow the property owner to renew their first mortgage at a favorable rate.
Caledon Mortgage Broker Information
Caledon is a town in the Regional Municipality of Peel in the Greater Toronto Area of Ontario. In terms of land use, Caledon’ land use is partly urban, though it is primarily rural or farming in nature. Many of Toronto’s wealthiest citizens have country estates in the area, among them members of the Eaton Family, Norman Jewison, and the inventors of the board game Trivial Pursuit. Caledon consists of an amalgamation of urban areas, villages, and hamlets; the major town is Bolton, located on the east side adjacent to York Region. Caledon is one of three municipalities of Peel Region. Caledon is located just northwest of Brampton.
Smaller communities within Caledon include Albion, Alloa, Alton, Belfountain, Boston Mills, Brimstone, Caledon, Queensgate, Rockside, Rosehill, Sandhill, Silver Creek, Sleswick, Snelgrove, Stonehart, Caledon East, Campbells Cross, Castlederg, Cataract, Cedar Meadows, Cedar Mills, Cheltenham, Claude, Coulterville, Forks of the Credit, The Grange, Humber, Humber Grove, Inglewood, Kilmanagh, Mayfield West, Macville, Melville, McLeodville, Mono Mills, Mono Road, New Glasgow, Palgrave, Valleywood and Victoria. The region is mostly sparsely populated with farms covering most of the region.
GO Transit operates two bus routes in Caledon one serves Bolton from Nobleton through Kleinburg and Woodbridge with the Etobicoke North GO Station. The other serves Orangeville and Brampton connecting with Brampton GO Station via Main Street/Highway 10. Brampton Transit recently extended Route 30 Airport Road into the Tullamore Area within Caledon, with six trips per day.
Caledon currently has no local public transit system. However the growing population prompted local residents to start a trial bus service with two routes, called Métis Transit Limited. Caledon Township also ran a commercial bus operations under the name Caledon Transit.
Call our mortgage brokers Caledon, Ontario for you free consultation.