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Mantra Mortgages, a leading Ontario mortgage broker, excels in securing optimal 2nd mortgage rates, enabling homeowners to maximize their home equity. They offer comprehensive financial solutions, including mortgage refinancing, tailored to each client’s needs, potentially saving thousands annually and improving credit scores, with services available province-wide for homeowners at all credit levels.
Homeowners have the freedom to use the capital from a 2nd mortgage however they see fit. When we meet with our clients, we listen to their needs and match them with the right financial solution to help them reach their goals. Accessing a private second mortgage is an untapped opportunity that you may not have thought of, but it could be just what you need to make that investment in your home or for your family.
Whether you are looking to pursue debt consolidation or a large-scale renovation on your home, a Burke Financial mortgage broker will help lay out all of your options, so you can decide where your money is better spent. Consider the convenience of working with a second mortgage broker in Ontario.
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If your goal is to get the most cash out of your property as possible, you want to get approved for the highest loan to value ratio possible. While most lenders will only approve up to 80% Loan-to-Value (LTV), we have Second Mortgage lenders who will approve up to 85%, even in 90% loan-to-value in some situations. For a $1,000,000 home, that could be an extra $50,000 or $100,000 in your hands!
Since the approval process is much simpler when it comes to a Second Mortgage, you are able to get access to the equity in your home much faster. Most of the time a Second Mortgage is approved based on the equity in the property, allowing the approval and funding process to go much smoother. Getting you the cash you need, quicker.
No matter what your monthly household income is, a Second Mortgage can be structured to ensure your monthly obligations are not too much to handle. Even client’s who have little or no income can have their payments structured to match what they can afford. In many cases, we can even prepay the entire mortgage upfront, giving you no monthly payments during the term!
By using a Second Mortgage to consolidate higher interest debts you can reduce your monthly payments. In many situations, we have helped our clients reduce their monthly payments by up to 75%! Helping our clients not only be able to better afford their obligations, but also be able to put money aside for what matters most!
Having bruised credit can be detrimental to most people trying to improve their financial situation. For most homeowners, the home equity they have built up over the years will mean they can obtain a Second Mortgage to help polish up their credit score and perhaps secure larger loans in the future.
Whether you have a project that you want to complete or are worried about having funds available to finance an emergency home repair like a leaky roof or cracked foundation, a Second Mortgage allows you to tap into the equity in your property to complete those renovations.
Mortgage brokers are licensed financial professionals that have the resources to find the lowest rates and the appropriate payment plans for their clients. Working with a broker will save you time and ensure you get the best possible deal
A mortgage broker acts as the middleman between you and the extensive paperwork involved on your behalf for a set fee. They are often able to foresee problems that could arise during the application process and tailor your application based on what each lender needs.
The role of a mortgage broker is to act as a connection between the borrower and the lender to secure a loan on behalf of the individual or their business. Their responsibilities include negotiating rates, dealing with the paperwork, and facilitating an agreed-upon loan and payment plan
One of the most significant benefits of working with a broker is their extensive network, as they have the tools and resources to identify and obtain the loan that will fit your needs.
A mortgage broker compiles a homeowner’s financial documents, accesses their credit history, and confirms current and past employment to present an application to multiple lenders. They help negotiate the terms and conditions of your payment plan and, once the loan is agreed, will work with the lender to ensure a smooth and efficient transaction.
Mortgage broker fees in Ontario vary based on your unique situation and the solution you are seeking. Contact us today for a more personalized estimate of what you can expect your fees to be.
Owning a home is an investment that deserves detailed attention and care. When unexpected expenses occur, or you need to consolidate your debts, it’s essential to find the right broker to step in and offer a solution tailored to your financial needs. We operate with a vast network of lenders, including subprime mortgage lenders across the province, and we’ll work diligently to find the right match for our clients.
At Burke Financial, our mission is to give homeowners across Ontario the best possible borrowing experience through a high level of service and expertise.
When you work with us, you’re working with an award-winning team that specializes in getting even the toughest of applications approved. We’re putting money in your pocket faster, so you can invest in your future.
we know that each homeowner’s experience is unique. We offer a personalized approach and help connect our clients with subprime lending options across Ontario. From day one, we treat each interaction with our clients as a chance to change their borrowing experience to a positive one.
We take the time to understand what our clients are looking to accomplish with their applications. We personalize short-term and long-term solutions to help our clients achieve long-term financial health.
We look at our client’s main priorities to make sure we shape the optimal payment amounts, term length, prepayment privileges, interest rates, and much more. We know how important it is to align our clients with reasonable rates and terms and educate them on areas like an exit strategy to make sure they are always on the right path.
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