Although interest rates are propelling many Ontario homeowners/borrowers to take out mortgage financing, if you have poor credit the banks are not the answer. Stringent criteria prevent many with damaged credit from obtaining mortgage loans. Learn more
Read more about How to Calculate Interest on a Private Mortgage? »
What lending options are still open to those that can not demonstrate creditworthiness? Private lenders are well established in this Province who will be able to offer secured private mortgage financing when credit is a stumbling block to mortgage financing. Learn more
Read more about What are Hard Money Loans and How Do They Work? »
Mortgage Broker Store has access to a wide network of Ontario-based private lenders who will be able to look to different criteria than just full-time salary-based income and exemplary credit. Learn more
Read more about Mortgage and Purchase Process »
There are steps that you should take to help safeguard against making misinformed mortgage decisions. These steps will put you in a position to determine the type, the amount, and the term of your mortgage as well as give you the necessary understanding of the factors that pertain to mortgage approval. Learn more
Read more about What Should You Do Before Applying for a Mortgage? »
At Mortgage Broker Store, we are in the position to help Ontario homeowners with private mortgage loans when seeking mortgage financing with damaged credit. Learn more
Read more about Variable or Fixed Mortgage Rates? »
So, what exactly is a Reverse mortgage? A reverse mortgage represents a home loan for homeowners who are 55 and older which does not require a monthly mortgage payment. Learn more
Read more about Are Reverse Mortgages a Good Idea? »
Although the majority of mortgage brokers in Ontario are operating legally, it is always advisable to practice due diligence when seeking mortgage advice and securing mortgage financing. Learn more
Read more about How to Identify an Unlicensed Mortgage Company? »
With mortgage interest rates at historically low levels coupled with soaring house prices and record-breaking house sales in Ontario, more and more Ontario homeowners are looking to take advantage of such a lucrative housing market. Learn more
Read more about Three Types of Lenders Available in Ontario Explained »
In the mortgage process, it is important to understand that lenders are looking for specific conditions a borrower should meet. If unable to meet this criterion, an Ontario borrower may be turned down by the banks and big lenders. Learn more
Read more about Can You Be Disqualified from Obtaining a Mortgage? »Answers to common questions about this Mortgage Broker Store page.
The blog covers private mortgages, second mortgages, power of sale, home equity, bad credit mortgage options, debt consolidation, and practical mortgage education for Ontario homeowners.
No. Blog articles are general education. A mortgage recommendation should be based on the property, income, credit, debts, timeline, and lender options available for the specific file.
Yes. If an article matches your situation, you can contact the team and reference the topic so the discussion starts with the right context.
Use the articles to understand terms, risks, and possible paths, then confirm the numbers and lender requirements before making a decision.
