Toronto Mortgage Best Rates | Mortgage Refinance

Vacation | Cottage Loans

Vacation Home Mortgage

You need a place to get away — either for year-round or weekend getaways.
You want a vacation property that’s affordable so you can really enjoy it.
You’re considering a winterized property (Type A) or a seasonal property (Type B).

Type A

Type B

These second homes are the same as standard residential properties in terms of the [...]

Investments

Investment Property Financing
An investment property is purchased to generate profit though capital gains or rental income. In general, those who purchase investment properties do not live on the premises, as the property is for investment purposes only. While most investors have extra cash to spare, they do not normally have the cash needed to buy [...]

Rates

Finding the Best Renewal Rate for Your Mortgage
With the wide assortment of options and features available today for a mortgage renewal, shopping around takes significant time and effort. The mortgage process can be intimidating to many Canadian homebuyers and it’s wise to begin with some advice from a professional.
Finding the right mortgage for you is [...]

Debt Consolidation Loans

We know how it feels to be up to your neck in Credit Card bills and unsecured debt. Unsecured debts are debts such as credit cards, personal loans, lines of credit, store cards, and medical bills that are not secured by collateral. Mortgages and car loans are not considered unsecured debt.
If you need some help [...]

First Time Home Buyers

Finding the Best Mortgage at the Best Rate
With the wide assortment of options and features available today for a mortgage, shopping around takes a lot of time and effort. The mortgage process can be intimidating to many Canadian homebuyers so it’s wise to begin with some advice from a professional. Simply talking with a Mortgage [...]

First Time Home Buyers

June 19th, 2010

Finding the Best Mortgage at the Best Rate

With the wide assortment of options and features available today for a mortgage, shopping around takes a lot of time and effort. The mortgage process can be intimidating to many Canadian homebuyers so it’s wise to begin with some advice from a professional. Simply talking with a Mortgage Professional can help you understand how much mortgage you can manage and allow you to explore both traditional and innovative mortgage options.

Find the right mortgage for you is our business. We know which lenders have the best rates and we negotiate with multiple lenders at one time. What’s more, we know the system and have the industry knowledge required to present a proposal for financing to lenders to successfully obtain mortgage financing, and we do all the paperwork.

Plus, CENTUM Mortgage Professionals are compensated by lenders, and in most cases we offer our services free of charge to our clients.

Vacation | Cottage Loans

June 19th, 2010

Vacation Home Mortgage

You need a place to get away — either for year-round or weekend getaways.
You want a vacation property that’s affordable so you can really enjoy it.
You’re considering a winterized property (Type A) or a seasonal property (Type B).

Type A	Type B
These second homes are the same as standard residential properties in terms of the quality of construction and material. These are winterized and can be used year round. These properties generally meet standard residential lending requirements.	Type B properties are properties that meet Type A property requirements with the following exceptions: A standard heating system is not required. The cottage is located on seasonal road access. (i.e. A road that isn’t ploughed in the winter).

Type A

Type B

These second homes are the same as standard residential properties in terms of the quality of construction and material.

These are winterized and can be used year round.
These properties generally meet standard residential lending requirements.

Type B properties are properties that meet Type A property requirements with the following exceptions:

A standard heating system is not required.
The cottage is located on seasonal road access. (i.e. A road that isn’t ploughed in the winter).

Investments

June 19th, 2010

Investment Property Financing

An investment property is purchased to generate profit though capital gains or rental income. In general, those who purchase investment properties do not live on the premises, as the property is for investment purposes only. While most investors have extra cash to spare, they do not normally have the cash needed to buy investment properties outright. This is where financing comes in.

Investment property financing is usually in the form of a loan. In some cases, investors may be able to borrow money from a friend or family member, but more often than not, loans are obtained through banks, mortgage brokers, or another lending company. To qualify for investment financing, you will need good credit, an investment plan, and in some cases, collateral.

Obtaining Investment Property Financing

Obtaining appropriate financing requires some planning on your part. Because your lender will become your business partner, you will need to convince him or her that the property is a worthy investment. Here are a few questions that you will need to have answered before visiting the lender:

What are you borrowing the money for?
How much do you need to borrow?
How good is your credit?
Can you afford to repay the loan?
How long will it take you to repay the loan?
Are there any assets you can pledge against the loan?
How do you plan to make a return on this investment?

If you have properly researched the property, then answering these questions and convincing a lender to loan you money should be an easy task.

Commercial Mortgage Loans

June 19th, 2010

Looking for a full service commercial mortgage brokers in Toronto Ontario Canada.
We offer professional services and tailored financial solution at the best rate. There is no project too big or too small for us.

We’re great alternative lending – financing source for many small businesses and individual entrepreneurs who often don’t qualify under the rigorous requirements of traditional commercial lenders.

We work with Canadian banks and non-bank mortgage equity lenders specializing in commercial and industrial real estate.

Unlike most bank loans, our commercial equity lenders offer a simplify application programs. That means full document paperwork may not be required – and you can enjoy greater flexibility and faster turnaround times.

Need to close quickly? Frustrated with the traditional lending institutions?

Whether it is an acquisition, expansion, development or a solution to a short term cash flow deficiency. Call us

Apartment Buildings, Small Rental 5 units + , Condominiums, Townhouse Projects
Nursing and Retirement Homes
Storefront, Mixed-Use
Commercial Retail, Offices & Industrial Condominiums
Restaurants, Banquet Halls, Hotels, Motels, Night Clubs
Gas Stations, Industrial Warehouses
Golf Courses, Marinas, Farm Land, Agricultural
Land Servicing, Land Development, Construction Projects
Custom Homes, Self-Build Homes
Churches
Rooming Houses

We offer innovative short/long-term financing solutions and we close transactions in a timely manner.

1. COMPLETE and SUBMIT a Commercial Loan Application, Credit Report, and a Loan Request Form.
2. Once we RECEIVE these forms, we can pre-approve your application in as few as 48 hours!
3. GET APPRAISED, the appraisal to help us determine the property value.
4. RECEIVE YOUR FUNDS, In fact, we generally close loans faster than most banks and traditional commercial lenders.

Full Documentation Commercial Loans

Full Documentation Commercial Loan Program is available for all eligible property types. For buyers able to complete full documentation, we can offer a competitive financing at a lower rate.

To qualify, the real estate must be a multi-purpose, industrial, office, commercial, retail, or a multi-residential (5+ units) property. The commercial property must be located in an active resale and rental market where current market leases exist for comparable properties, and where the property is readily marketable.

We are not limited to the above small business program or by the Canadian borders. Our company is very familiar with many overseas markets and larger scale capital takeovers. Please do not hesitate to contact me at any time to explore your options with us.

Variable Rates

June 19th, 2010

Rates

June 19th, 2010

Finding the Best Renewal Rate for Your Mortgage

With the wide assortment of options and features available today for a mortgage renewal, shopping around takes significant time and effort. The mortgage process can be intimidating to many Canadian homebuyers and it’s wise to begin with some advice from a professional.

Finding the right mortgage for you is our business. We know which lenders have the best rates and we negotiate with multiple lenders at one time. What’s more, we know the system and have the industry knowledge required to present a proposal for financing to lenders to successfully obtain mortgage financing, and we do all the paperwork.

Plus, CENTUM Mortgage Professionals are compensated by lenders, and in most cases we offer our services free of charge to our clients.