Thank you for visiting our site. It is our intention to give you as much information on getting a second mortgage as possible in a concise manner that will assist you in your decision going forward.
A Home in Toronto, Ontario
This is a type of loan taken on a property that is a subordinate mortgage to an original first mortgage that is still registered on the property. Given, its secondary status, the interest on this mortgage is generally higher than the first mortgage rate, because in the event of mortgage default, the first mortgage is paid out first, ahead of the second registered mortgage. Despite the availability of government literature on home equity loans, its best to consult a mortgage broker to assist you in this process.
At Expert Mortgage, it is our guiding vision to provide our clients with the best roster of mortgage lenders in Toronto, Ontario, Canada. We provide cost effective ways for individuals to access funds with the lowest mortgage interest rates in the market. You will be provided with a dedicated mortgage agent to walk you through the entire process. Some common instances where taking out this sort of loan may makes sense:
Home Renovations – As a home owner, a common expense is home renovations and repairs to the property and home-structure that can be expensive, and at times require secondary financing. In most instances, a second charge on the property makes sense to fund these expenses in a cost-effective manner.
Debt Consolidation – For most people, a mortgage loan can assist paying off the high interest credit card debt that seems to affect most Canadians these days. With mortgage interest rates being generally much lower than the typical credit card, you may save thousands of dollars in interest and reduce your monthly payment by up to 50% of what you are currently paying.
Investment Purposes – Many Canadians are looking at investing in real-estate and businesses and need funds to facilitate these transactions. A secondary mortgage on the home can prove to be a viable solution in providing you with immediate funds.
With our network of 400+ lenders, we closely vet our lenders in Toronto, to ensure that the terms and rates are in-line with what is acceptable in the industry. Many clients that we have dealt with in the past, have often spoken of their experiences and not being familiar with what an acceptable second mortgage rate would be applicable in Ontario. Despite reviewing on borrowing against home equity, clients still need the expertise of a qualified mortgage broker, when it comes to navigating terms and interest rates in the lending market. Unfortunately, there is no cooker cutter mold, where one approach fits all, where interest rates are concerned. There are factors such as, income, credit and re-payment history that may be taken into consideration. At Expert Mortgage, we can help you navigate the private mortgage market with ease and have you qualified even with:
Clients we have spoken to in the past, usually ask what the down payment for a second loan comprises of. Our licensed agent will assist you in determining if you have the necessary equity to fund your mortgage loan. We have the ability to provide funding up to 85% of the appraised value of the home. For instance:
To obtain the best mortgage rates in the city of Toronto, it is essential to contact a mortgage broker or agent in your area to assess your personal circumstances. Using a broker that is familiar with the local market, gives you the ability to discuss your borrowing requirements and concerns with a professional that understands your lending requirements and gives you access to the best mortgage terms & interest rates being offered by banks, credit unions, Mortgage Investment Corporations and private lenders all across Ontario.
Mortgage brokers can assist you in a number of ways, a few main advantages of consulting a broker are:
Toronto City Hall
Roy Thompson Hall
There is a lot of beautiful scenery here in North York, Ontario for you to go to with your family and loved ones. Try to check out Royal Ontario Museum, CN Tower, Ripleys Aquariam, and The Hockey Hall of Fame.
North York, which is now part of the city of Toronto, was one of six administrative districts of the Greater Toronto region in Ontario, Canada. It is located directly north of York, Old Toronto and East York, between Etobicoke to the west and Scarborough to the east. The district’s central business district is known as the North York Centre, which was the location of the former city’s government and major corporate headquarters. North York houses two of Toronto’s five major shopping malls: the Yorkdale Shopping Centre and Fairview Mall. Other neighborhood malls locations include Centerpoint Mall, Bayview Village, Sheridan Mall, Yorkgate Mall, Shops at Don Mills, Steeles West Market Mall, Jane Finch Mall, and Sheppard Centre allowing Toronto Second Mortgage Broker to provide quality service in Toronto and nearby areas.
Driving Directions from Toronto Pearson International Airport to Toronto Second Mortgage Broker: Continue to ON-409 E then follow ON-409 E and ON-401 E to Victoria Park Ave in Toronto. Take exit 376 from ON-401 E and continue onto ON-409 E then keep left to stay on ON-409 E. Use the right 2 lanes to take the exit toward Collectors/Collectrices/Weston Rd/Black Creek Dr and merge onto ON-401 E then continue straight to stay on ON-401 E and continue straight to stay on ON-401 E. Keep right to stay on ON-401 E and use the right lane to take exit 376 for Victoria Park Avenue. Follow Victoria Park Ave to O’Connor Dr in North York and use the right 2 lanes to turn right onto Victoria Park Ave (signs for Victoria Park Avenue S) then turn right onto O’Connor Dr and you will find Toronto Second Mortgage Broker on your right side.
Driving Directions from Ryerson University to Toronto Second Mortgage Broker: Get on Don Valley Pkwy N then head south on Church St toward Dundas St E and turn left at the 1st cross street onto Dundas St E then turn left onto the ramp to Don Valley Pkwy. North. Follow Don Valley Pkwy N to Eglinton Ave E in North York. Take exit 10 from Don Valley Pkwy N then merge onto Don Valley Pkwy N and take exit 10 for Eglinton Ave then keep right at the fork, follow signs for Eglinton Avenue E and merge onto Eglinton Ave E. Continue on Eglinton Ave E. Drive to O’Connor Dr then merge onto Eglinton Ave E and turn right onto Cranborne Ave and another turn right onto O’Connor Dr, you will find Toronto Second Mortgage Broker on your right.
Local Tourist Attractions:
The Toronto Zoo is a zoo situated in Toronto, Ontario, Canada. Enveloping 287 hectares (710 sections of land), the Toronto Zoo is the biggest zoo in Canada. It is partitioned into seven zoo geographic areas: Indo-Malaya, Africa, Americas, Tundra Trek, Australasia, Eurasia, and the Canadian Domain. A few animals are shown inside in open structures and outside in what might be their naturalistic surroundings, with viewing at numerous levels. Other areas of interest include, the Kids Zoo, Waterside Theater, and Splash Island. It has one of the most systematically differing assortment of creatures in plain view of any zoo; it is at present home to more than 5,000 creatures (that includes invertebrates and fish) speaking to more than 500 species. The zoo is available to the public and open each day of the year with the exception of December 25.
The zoo is an enterprise owned by the city administration of Toronto. Established by Hugh A. Crothers, an industrialist who turned into the primary Chairman of the Metro Toronto Zoological Society in 1966, the zoo opened on August 15, 1974, as the Metropolitan Toronto Zoo. “Metropolitan” was dropped from its name when the Municipality of Metropolitan Toronto was amalgamated into the current city in 1998. The zoo is situated close to the Rouge River on the western outskirt of Rouge Park in the city’s east end locale of Scarborough.
This pedestrian-only Distillery District in Toronto, established in quaint 19th century buildings that formerly housed a significant whiskey distillery, attracts crowds to its historic cobblestone streets that are lined with hip restaurants, bars and boutiques. May art lovers come for the outdoor sculptures, galleries, music and stage performances that play year round at the area’s theatres. In December of each year, the annual Toronto Christmas Market takes over and floods the streets in this historic locale.
The “Casa Loma” (Spanish for “Hill House”) is a Gothic Revival style manor and garden, which resides in midtown Toronto, Ontario, Canada, that is currently a historic house exhibition hall and milestone. It was built from 1911 to 1914 as a home fora financier named Sir Henry Pellatt. The architect responsible for this project was E. J. Lennox, who had a hand in designing various other city landmarks. Casa Loma sits at a height of 140 meters (460 ft) above ocean level.
Because of its one of a kind structural character in Toronto, Casa Loma has been a well known recording area for motion pictures and TV. It is likewise a famous scene for wedding ceremonies, and Casa Loma can be leased in the evenings after the exhibition hall closes to the general public.
Situated WITHIN TORONTO’S FASHION District, Graffiti Alley runs corresponding to the in vogue stretch of Queen Street West. It incorporates three city squares and includes the bordering rear entryway of Rush Lane. It’s a mainstream spot to see the absolute best instances of Toronto’s energetic street art and wall painting society.
Known as a hotspot for unsanctioned spray painting workmanship, Graffiti Alley started a battle for authorization by the Queen Street West Business Improvement Association. In 2011, it was assigned as a territory of civil noteworthiness, and StreetARToronto, or StART, a program that subsidizes and funds graffiti art and murals, was conceived from the struggle.
Today, Graffiti Alley is a mainstream scenery for photoshoots, just as a spot to see works by notorious specialists like Duro the Third, uber5000, and ELICSER. It has filled in as the scene for street celebrations, a set for music recordings, and for a period, had an eatery named after it.
second mortgage in toronto