first mortgages

First Mortgage To Purchase a Property

With the recent trend of Canada’s bank increasing mortgage rates and the requirement to pass the “Stress Test” prior to approval, many worthy individuals have been denied mortgages from banks. At Mortgage Assist, we do not believe that just because an individual has been denied by the bank that their pathway to home ownership has ended. Rather, we have a large network of private lenders that will provide the necessary mortgage funds for individuals to purchase a property they can call their own.


First Mortgage to Consolidate Debt/Loans on Existing Property

When an individual already owns a property, a first mortgage can be utilized to consolidate multiple mortgages into one mortgage or to utilize the equity that has built up on the property to pay off costly credit card debt, property tax arrears or to avoid power of sale. Individuals may also borrower more than what is required to pay off existing debt and mortgages so that they can pocket extra funds.

FOR EXAMPLE

  • Subprime mortgage Toronto

    Your property
    is worth
    $600,000

  • Subprime mortgage Brampton

    You have first
    mortgage balance of
    $300,000

  • Subprime mortgage Vaughan

    The borrower would be
    eligible for a mortgage of
    $480,000

  • Home equity loan Toronto

    once their existing
    mortgage is paid off,
    the borrower will POCKET
    $180,000

Whatever your situation, the professionals at Mortgage Assist are here to help!

apply now

  • Home equity loan Brampton

    Bad Credit

  • Home equity loan Mississauga

    No Credit

  • Bad credit Loans Toronto

    Declared Bankruptcy

  • Bad credit Loans Brampton

    Self-Employed

  • Bad credit Loans Mississauga

    Inability to Prove Income

  • Recently Funded Transactions

    $750,000

    Second Mortgage

    $349,000

    Bridge Loan

    $1,250,000

    First Mortgage

    Subprime mortgage Toronto

    Subprime mortgage Vaughan

    Home equity loan Mississauga

    Contact

     1206 Centre street Suite 207 Vaughan, Ontario L4J3M9