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What’s a Bad Credit Mortgage?

Private Lending Ontario

A bad credit mortgage is a mortgage that you qualify for when you are in a difficult financial situation such as a bad credit score or huge debt. A credit score of 300 (assessed on a scale of a maximum score of 900) is usually considered the lowest in Canada. It is the worst credit […]

How to Get a Mortgage in Markham

mortgage brokerage Ontario

Canadian mortgage laws are tighter than ever. Laws now require a borrower to prove that he or she is financially competent to pay interest rates that are higher than the mortgage contract rate. Even borrowers willing to make a down payment of 20% or more are finding it difficult to secure a loan. If you […]

What Happens When a Mortgage Renewal is Declined?

A mortgage renewal is a renewed agreement between the borrower and the lender to extend the mortgage term or renew terms of the mortgage. Your mortgage renewal could be denied for several reasons including a delay in monthly payments, a bad credit score or a loss of income resulting from a change of job or […]

Benefits of Private Loans

private loan Ontario

Private loans are becoming a preferred choice over conventional loans for the array of benefits they offer. The loan approval process is quick and easy. What’s more, a private loan is an excellent option for those with a bad credit or those who are unable to comply with the conditions of a conventional loan. If […]

What’s the Process of Buying a Second Property?

Buying Second Property

Long gone are the days when purchasing a second home was a preserve of the well-to-do. Nowadays, an increasing number of Canadians are opting for a second property to use as a rental, retirement or vacation home. Regardless of whether you wish to buy an apartment in Montreal or a lakeside cabin in Saskatchewan, be […]

How to Refinance Your Home Mortgage?

Private Money Lenders

The most noticeable benefit of mortgage refinancing is that you save substantially owing to a lower rate of interest. However, you reap other benefits such as debt consolidation, lower EMIs, conversion of a floating-rate mortgage into a fixed one, and so on. Nevertheless, the process of refinancing is not just about making a couple of […]

When Should You Refinance Your Mortgage?

Best Mortgage Consultant

Mortgage refinancing is the process of taking a new loan to pay off your original mortgage. A lower interest rate is the most common reason why borrowers often choose to refinance their mortgage. If you’ve already made a decision to refinance your mortgage and are looking for reliable lenders, then the services of a mortgage […]

Why Use a Mortgage Consultant?

Mortgage Consultant

As a first-time homebuyer, finding your dream abode as well as a trustworthy lender willing to finance, can be stressful. Should you start by looking for your dream home or look for a lender before you do anything else? Banyan Venture Partner can help. As the best mortgage consultant in Markham, we offer sound advice […]