EXPERT ADVICE
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Applying for a mortgage approval is a long and tedious process. The time it takes also depends on where you start—if you’ve found a home yet, what type of loan you are getting, how prepared you are with your documents, what type of lender you will be borrowing from, etc.
Getting a bridge loan is a decision made by a homebuyer who needs fast financing for a short term. It seems to be a bad idea because of the high interest and fees, but in emergency situations, this is a more welcome solution than forfeiting your dream home.
For those homeowners that may need to sell their home quickly, an option worth exploring is approaching an established and experienced Ontario-based cash home buyer.
The decision to sell your home is a personal one. It is also very much dictated by current and pressing financial circumstances.
What about the expense of putting your house on the market? If time is the enemy, considering selling your home to an interested and experienced Ontario home buyer for cash may be the best option.
Wherever you are in Ontario, whether it is Windsor, Hamilton, or a small rural town, you can find cash buyers willing to purchase your property fast. Cash home buyers are not limited to houses or condos, if you need to sell your cottage as fast as possible, they can work with you.
Houses are selling quite quickly and homeowners are seeing substantial equity gains as housing continues to appreciate throughout the Province and in particular in key urban areas such as Toronto and the surrounding GTA.
There are times in life when it is beneficial to have access to funds quickly to address pressing financial obligations. The need for fast funds can range widely from having to cover the cost of home renovations or fix-ups to needing to pay off high-interest debts such as credit cards.
Owning your own home is a goal held by many Ontarians. Having the flexibility of knowing that any changes that you want to make to your home as well as the freedom of knowing those changes can be made at any time is an attractive feature of homeownership. The pride of homeownership is closely tied to a home purchase and over time a house becomes a home.
What if your credit is damaged? For those that have credit issues and do not meet the stringent criteria set forth by the banks, turning to private lenders that are experienced and well established throughout the Province is a good option.
