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Home» Alberta Lending » Manitoba Mortgage Loans

Manitoba Mortgage Loans

Posted by Dave Fitzpatrick - February 15, 2019 - Alberta Lending

We now lend in Manitoba – Winnipeg, Brandon, Selkirk, Steinbach, Morden, Portage La Prairie & surrounding areas. Homeowners in these areas who may not fit the rigid restrictions of traditional lending institutions may find that a home equity loan is the best way to secure financing for purchasing additional property, refinancing, or consolidation of debts.

Chances are the value of your home has increased since you bought it. A home equity loan can get you access to money based on the increased market value.

Have any of these happened to you or anyone you know?

-Arrears on current mortgage

-Prior Bankruptcy

-Prior Foreclosure

-Unemployed

-Self-Employed, but haven`t been for longStressed Man Worries About Economy, Paying Bills, Retirement

-Self-Employed with credit issues

-Credit issues in general – Accounts in collections

-No established credit at all!

-Income taxes or Property taxes owing

-Too much credit card debt outstanding

These are just some of the challenges that many of my clients faced at one time but the situations were salvaged by using the equity they had built up in their homes, or in some cases, the heavy equipment, that they owned already.

APPLY ONLINE!

Compare your options to get money from home equity

 

Refinance your home Borrow prepaid amounts Home equity line of credit (HELOC) Second mortgage
Credit limit 80% of your home’s appraised value, minus the unpaid balance of the existing mortgage Total of amounts prepaid 65% to 80% of your home’s appraised value 80-85% of your home’s appraised value, minus the unpaid balance of the existing mortgage
Interest rates Fixed or variable. May result in a change to the existing interest rate on your mortgage or a different interest rate for the refinanced portion Blended or same as your existing mortgage Variable. Will change as market interest rates go up or down Fixed or variable. Generally higher than on the first mortgage
Access to money One lump sum deposited to your bank account One lump sum deposited to your bank account As needed, using regular banking methods One lump sum deposited to your bank account
Fees Administrative fees may include:

  • appraisal fees
  • title search
  • title insurance
  • legal fees
None Administrative fees may include:

  • appraisal fees
  • title search
  • title insurance
  • legal fees
Administrative fees may include:

  • appraisal fees
  • brokerage fees
  • title insurance
  • legal fees

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Call me for a confidential analysis today. Or apply online! 

 

 

Home Purchases | Refinances | Home Equity | Excellent Credit | Cash-Out | Consolidation | Switches | Renewals | Mortgage Investing | Foreclosures | Self-Employed | Sale-Leasebacks | Mortgage in Arrears | Bruised Credit | Construction Loans | Equipment Loans | Equipment Leasing | In Collections | Raw Land | Prior Bankruptcy | Unemployed

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