A second mortgage in Whitby can help you get the money you need quickly. If you’ve recently been turned down by your bank for a mortgage loan, you don’t have to worry because a private mortgage lender can help you get the money you require. Once we’ve assessed your financial situation, we will assess fully the type of private mortgage financing that fits your needs.
Mortgage Brokers
Our team has a deep understanding of the Whitby mortgage market. We’ve arranged private second mortgages for many customers. Mortgage professionals who understand the local market can contact more lenders and get you a better deal. Our skilled and knowledgeable staff can negotiate the lowest rates for second mortgages in Whitby.
Private Lenders
If you have bad credit, it is unlikely that a bank will approve your mortgage application. If you need a second mortgage and have bad credit, we can assist you by providing a second mortgage with a private lender. Each private mortgage lender has different ways of approving mortgages. Most lenders will look at the loan-to-value ratio as a major factor in mortgage approval. We are connected with lenders who can finance a home for up to eighty-five percent of its value.
Home Appraisers
Before you decide to purchase a home you like, you must receive accurate information on the condition of that house you wish to buy or sell, including any problems it has. The information you receive will guide you in deciding on the purchase or sale of that house. It is recommended to have a licensed Whitby home appraiser inspect the home and write up an appraisal.
Mortgage Refinancing
Mortgage refinancing is substituting your current mortgage/mortgage with a new one. It usually has terms that are different from the original mortgage. Refinancing will help you consolidate high-interest debts into a single manageable payment with a more affordable interest rate lower than other kinds of unsecured credits. Thus, if you are thinking of refinancing, you should call our Whitby mortgage specialists, who will start putting in place a plan for your mortgage refinancing needs.
Whitby Information
Whitby is a town in the Durham Region. Its headquarters is located in this region. The town was named after Whitby, a Yorkshire seaport town. It has a population of 122,022 people from the population census of 2011. From the northern shore of Lake Ontario, the town can be located in southern Ontario, west of Oshawa and east of Ajax. A drive to Toronto Scarborough from the town is approximately a thirty-minute drive. In the eastern part of the great Toronto area, the city is known to be a commuter suburb. While its southern part is primarily urban and an economic center, its northern part is more rural, and native communities of Brooklyn, Myrtle Station, Ashburn, and Myrtle live there.
The city is commonly considered part of the Greater Toronto Area, but statistically, it belongs to the Greater Oshawa Metropolitan Area. Both are found in the east region of Golden Horseshoe. The town’s chief asset is the excellent natural harbour on Lake Ontario. It is from this harbour that grains from farmland to the north were first shipped in 1833.
Real Estate Market
The real estate market in Whitby continues to move on an upward trend. According to the latest statistics, housing prices have been growing double-digitally in the past few years. Since last year, the real estate market has been rising by 11.5%, thus increasing the price aggregate of houses in the area from $650,432 to $476,134.
Ready to explore your options for a second mortgage in Ontario? Contact Mortgage Broker Store today to discover the best rates and tailored solutions.