National Lending Link - Richmond Hill
As specialists in home equity loans, National Lending Link is mortgage broker located in Richmond Hill offering a wide range of financing solutions for both home mortgages and loans. They specialize in second mortgages, difficult to place loans, and loans for renovations, construction, and family emergencies. They also specialize in debt consolidation, consumer proposals, past bankruptcies, and more.
Most mortgages across Canada are held by large financial institutions. However not all Canadians have the time to wait for the long approval process that is typical of a traditional bank, or simply cannot qualify for a regular mortgage due to their financial situation. Even so, there are still ways to get the mortgage you need from one of our private mortgage lenders.
If you do not satisfy the strict lending criteria of a traditional mortgage, a private lender can approve you for a mortgage based on the equity and location of the home you are purchasing. Private mortgages can also be a great alternative if you are looking to refinance your mortgage, we cover York Region; Richmond Hill, Markham, Thornhill, Maple, Vaughan, Concord, Newmarket and cities across Ontario, Canada.
A private mortgage is a type of mortgage that is given to you through private investors rather than a bank. These private mortgage lenders can be more flexible when it comes to qualifying you for a mortgage, and can complete the approval process much more quickly. In general, you should be approved for a private mortgage so long as you own your home and that home has equity in it. However, the amount you are able to borrow will depend on actual amount of equity in your home.
At National Lending Link, we work with a large network of lenders who can offer you excellent private mortgage rates. If you need to get your mortgage quickly, or cannot qualify for a mortgage from a bank, we encourage you to get in touch with our mortgage brokers who can help you select the ideal private mortgage for your situation.
Product and Services
Your home is likely your most valuable asset. Why not tap into its value with a home equity loan? Whether you want to use the equity in your home to improve your cash flow, consolidate debt, pay off mortgage arrears, manage emergency expenses, launch a business or simply have extra cash on hand, a home equity loan could be an excellent option for all your financial needs.
Unlike other types of loans that take into account your income or your credit history, a home equity loan allows you to borrow money at a low interest rate using the equity that you have built up in your home over time as collateral. Your home’s equity is calculated by subtracting what you owe on your mortgage from your home’s current market value. For instance, if your house is valued at $300,000 and you still owe $100,000 on your mortgage, your equity would be $200,000. A home equity loan specialist will be able to tell you exactly how much you could be eligible to borrow.
The team of mortgage brokers at National Lending Link can connect you with private lenders to secure a second mortgage that meets your needs. Whether you are dealing with unexpected expenses, want to clear some of your debts, or would like to fund a home renovation, there are a range of affordable borrowing options available to you if you own your home.