Ottawa presently is one of the best places in Canada to obtain a private second mortgage or loan. Many Private second mortgage lenders easily approve mortgages since the jobs are stable, and many of them are high-paying government jobs. The city’s local economy is further diversified due to the number of high-tech firms and manufacturing companies.
Mortgage Brokers
It is important to have a good second mortgage broker in Ottawa, as it can save you some legwork. Our team of brokers has contacts with a wide variety of second mortgage lenders. They can save you the time and headache of having to call up a dozen lenders to compare second mortgage terms and rates. Besides giving you access to multiple lenders, our team can assure you that you’ll receive the lowest second mortgage rates, thus giving you many options during the home-buying process.
Private Lenders
Private lenders could be a great option if you currently are unable to qualify for a traditional mortgage or loan because of less-than-perfect credit or debt or if you’re a self-employed individual who can’t always provide proof of a steady income. Mortgage Broker Store has a trusted network of many private investors and lenders who have assisted our clients with private second mortgages, thus taking them steps closer to owning their dream home.
Home Appraisers
When buying a home in Ottawa, it’s recommended to inspect it to understand the core systems of your potential future house. Having a home inspector’s contact details ready will help speed up the purchasing process and prevent potential pitfalls.
Ottawa Mortgage Refinancing
The process of substituting out an existing mortgage for a new one is called Mortgage refinancing. It has proven to be beneficial as it helps pay off old mortgages.
Refinancing can positively enhance your financial situation. It can help you unlock the equity in your home, reduce your monthly payments, and consolidate debts like personal loans, car loans, or even credit card debts, thus making it easy to manage your finances.
Considering refinancing? Call Mortgage Broker Store now to find the best solution tailored to your needs.
Information
Ottawa, Canada’s capital, is located on the south bank of Ottawa River in the eastern portion of south Ontario. It is the fourth largest city with a more than 1.2 million population. Besides being considered a world-class tourism and convention destination, Ottawa is home to many federal government organizations and foreign embassies. The most educated city in Canada, it hosts many institutions, including the National Arts Centre and National Gallery.
Ottawa Real Estate Market
Ottawa is currently very active in the real estate market. The city saw 1,985 residential properties being sold alone in June 2016, which is a 17.4% increase compared to the sale of 1,691 properties in June 2015. Going further, the five-year average for June sales is 1,717. The June sales included 331 condominium properties and 1,654 residential properties. Condominium properties include detached, semi-detached apartments, townhouses, co-operatives, and timeshares registered as condominiums. The residential properties included all other residential properties.
Ready to explore your options for a second mortgage in Ottawa? Contact Mortgage Broker Store today to discover the best rates and solutions tailored to your needs. Whether you’re looking to renovate your home, consolidate debt, or fund your business, we’ve got you covered.