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Equity Refinance Mortgage Loans Canada, Home Equity Unlocking, 1st & 2nd Mortgages, Your Mortgage Experts. CALL NOW: 1-855-EQUITY9 OR 1-855-378-4899


Equity Refinance Mortgage Loans Canada

The Best Mortgage Services in Ontario, Alberta, Quebec, BC, Manitoba, Saskatchewan, and The Rest of Canada
Welcome to Equity Refinance Mortgage Loans Canada
Mortgage Loans Canada, Home Equity Loans Canada, Refinance Loans Canada, Mortgage Brokers Canada, Mortgage rates Canada, Mortgage Refinance Canada Second Mortgage Canada, Bad Credit Mortgage Canada, Mortgage Calculator Canada.
We Are Your 1st choice when shopping for a new mortgage, mortgage refinance, mortgage equity loan, or second mortgage. With direct links to the mortgage financiers and private capital we can save you thousands on your mortgage or mortgage refinance. In today's economy you can't afford to throw away your money, now you can sleep easy knowing your getting the best mortgage solution and services tailored to your individual mortgage needs. Make sure you call us before your next mortgage renewal.
We are located in Victoria BC and offer mortgage services anywhere in Canada including BC, Ontario, Alberta, Quebec, Manitoba, Saskatchewan, Newfoundland, and other main cities in Canada.
One call or click could save you 15% or more on your mortgage or second mortgage.

CALL EQUITY REFINANCE MORTGAGE LOANS CANADA NOW!
1-855-EQUITY9 OR 1-855-378-4899
YOUR MORTGAGE EXPERTS
ONLINE MORTGAGE APPLICATION



Mortgage referral program tell a friend or family member about us and receive $1000 per mortgage referral that signs. Feel good knowing you could have got them a better mortgage deal then they would have got on there own.
Don’t be discouraged if you have been turned down for your mortgage or re-mortgage in the past, with links to private capital
We
Find mortgage Financing Where Others Cant Or Won't

Think your getting the best mortgage rate with your bank or mortgage lender? We dont. Give us a call and see how much money we can save you! What have you got to loose? or save?

Mortgage rates are going back up due to events in the us and the debit ceiling. It may be your last opportunity to lock in record low mortgage rates. Please call us now before the U.S. credit rating is down graded and mortgage rates possibly double. We have upgraded are systems and have extended are hours to ensure we can handle the record number of mortgage applications.



GET YOUR MORTGAGE PAYOUT FAST, EASY ONLINE MORTGAGE APPLICATION, FRIENDLY TELEPHONE MORTGAGE AGENTS, 24-48 HOUR MORTGAGE PRE-APPROVALS, GET YOUR MORTGAGE PAYOUT SOMETIMES IN AS LITTLE AS A WEEK.

LET US HELP YOU WITH ALL YOU WITH ALL YOUR MORTGAGE NEEDS:
-SECOND MORTGAGE CANADA
-MORTGAGE REFINANCE CANADA
-EQUITY LOANS CANADA
-FIRST MORTGAGE CANADA
-EQUITY LINE OF CREDIT CANADA
-LOWEST MORTGAGE RATES CANADA
-BAD CREDIT SECOND MORTGAGE CANADA
-PENSION UNLOCKING CANADA

We Demand 100% Customer Satisfaction. You shouldnt have to choose between service or value. Don't be pushed around or taken advantage of by your lender, You have options let us show them to you.

Second Mortgage Questions and Answers:

Q. What are the current mortgage interest rates?

A. Mortgage rates are subject to change please contact us for the most current Mortgage Interest Rates.

Q. How soon do you respond to online mortgage applications?

A. A mortgage representative will contact you within 24 hours of receiving your online mortgage application or you can call us for immediate service.

Q. How do I choose from all the mortgage options?

A. We can help you choose the best mortgage option for you please contact us to discuss your options.

Q. How much can I save by refinanceing to a lower rate?

A. You can save up to 50% on your mortgage payment by refinancing to a lower rate.

Q. What do I do if I have to many high interest credit card and other payments?

A. Paying high interest credit cards, auto loans, lines of credits? You can save big by refinancing your mortgage to reduce your payments and interest.

Q. How does my credit score effect my mortgage rate?

A. Your credit score effects your mortgage interest rate, getting a second mortgage to clean up your credit can significantly lower your rate when your mortgage comes up for renewal.

Q. What is the least amount of equity I need for a refinance or second mortgage?

A. At minimum to quality you must have atleast 19% of the equity in your home.

Q. What are my mortgage repayment options?

A. Choose how to pay your second mortgage, or choose a 1 year pre-paid mortgage option with no mortgage payments for the first year.

Q. How do I choose between a second mortgage or a refinance?

A. Second mortgage interest rates are higher then first mortgage rates, sometimes a mortgage refinance is the best option.

Q. How much can I borrow for my second mortgage or refinance?

A. Your second mortgage can include 85% of the equity in your home, therefore if your house is worth $100,000 and the balance of your first mortgage is 30,000 you could borrow 50,000 including mortgage closing costs if you do not have them upfront.

Q. How are second mortgages secured and what are the possible mortgage repayment term lengths?

A. Second mortgages are secured by your home, terms can vary from 1 - 35 years.

Q. Are mortgage rates lower then my credit card or auto loan?

A. Second mortgage rates are lower then most credit cards or car loans.

Q. What can I use my second mortgage or refinance money for?

A. You can use the proceeds from your second mortgage on or for anything you desire.

Q. What is home equity?

A. Your equity is the amount remaining after you subtract whats owed on your mortgage from your house value.

Q. What other ways can you receive your second mortgage money?

A. You may also choose to receive an Equity Line Visa card, in place of a second mortgage.

Use the mortgage payment calculator to plan your mortgage payment, compare mortgage interest rates and mortgage payments.

Use the full mortgage guide to learn about types of Mortgages (Fixed Rate Mortgages & Variable Rate Mortgages), Mortgage Interest Rates (Mortgage Amortization Schedual) how to get a mortgage, mortgage costs, mortgage eligibility and other important mortgage information.

Use the credit rating guide to learn how your credit rating effects your eligibility for a mortgage, how to improve your credit score before you apply for a mortgage or a re-mortgage.

Keep up with current mortgage news and financial new on the mortgage news page.

Apply for your mortgage now by completing are online mortgage application form.

Mortgage Basics Quick Links:

1) Mortgage Basics: Introduction - go to http://www.investopedia.com/university/mortgage/default.asp
2) Mortgage Basics: Fixed-Rate Mortgage - go to http://www.investopedia.com/university/mortgage/mortgage1.asp
3) Mortgage Basics: Variable-Rate Mortgages - go to http://www.investopedia.com/university/mortgage/mortgage2.asp
4) Mortgage Basics: Costs
5) Mortgage Basics: The Amortization Schedule
6) Mortgage Basics: Loan Eligibility
7) Mortgage Basics: The Big Picture
8) Mortgage Basics: How To Get A Mortgage
9) Mortgage Basics: Conclusion



Products:

1st Mortgage Canada Wide - Get the best mortgage rate on your 1st mortgage, we make the mortgage application easy.

Mortgage Refinance Canada Wide - A whole new mortgage that pays out your first mortgage in the process, generally a good option when rates are lower then when you got your first mortgage.
Home Equity Unlocking Canada Wide - Also known as a second mortgage, allows you to borrow on the amount you have already paid off on your first mortgage.
Home Equity Loan Canada Wide - Also known as a second mortgage, allows you to borrow on the amount you have already paid off on your first mortgage.
Pension Unlocking Canada Wide - Unlock the money in your pension account from a previous employer.
Second Mortgage Canada Wide - Allows you to borrow on the amount you have already paid off on your first mortgage.
Mortgage Equity Line Of Credit Canada Wide - Get a line of credit secured by the equity in your home, much like a re-mortgage/refinance but is an open line of credit.
Reverse Mortgage Canada Wide - Same as a second mortgage, obtaining a loan using your home equity.
Bad Credit Mortgage - Use are connections to get a mortgage despite your credit rating, and when the banks say no.

ONLINE MORTGAGE APPLICATION

What will you do with YOUR Mortgage Equity Refinance Money?

Mortgage Payout Option 1: Pay Off First Mortgage Balance?
Mortgage Payout Option 2: Pay For Unexpected Expenses?
Mortgage Payout Option 3: Pay Off Outstanding Debts?
Mortgage Payout Option 4: Much Needed Vacation?
Mortgage Payout Option 5: Purchase New Vehicle?
Mortgage Payout Option 6: Home Renovations?
Mortgage Payout Option 7: Help Family?
Mortgage Payout Option 8: Retire?
Mortgage Payout Option 9: Do It All!

With Mortgage Interest Rates at all time lows now is the time to get the money you need to do what you need or want while its affordable to do so.

ONLINE MORTGAGE APPLICATION

MUST KNOW MORTGAGE INORMATION, EVERY HOMEOWNER OR SOON TO BE HOMEOWNER SHOULD KNOW:

Home equity is the market value of a homeowner's unencumbered interest in their real property, or the difference between what house is worth and what is owed on the mortgage.

Pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment.

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. People often re-mortgage to pay off high interest credit card debt and save them thousands of dollars and lowering there monthly payments.

Standard or conforming mortgages: Many countries have a notion of standard or conforming mortgages that define a perceived acceptable level of risk, which may be formal or informal, and may be reinforced by laws, government intervention, or market practice. For example, a standard mortgage may be considered to be one with no more than 70-80% LTV and no more than one-third of gross income going to mortgage debt.

Debt to income ratio: Mortgage lenders will consider your debt to income ratio when considering your mortgage application. A debt-to-income ratio (often abbreviated DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts. (Speaking precisely, DTIs often cover more than just debts; they can include certain taxes, fees, and insurance premiums as well. Nevertheless, the term is a set phrase that serves as a convenient, well-understood shorthand.) There are two main kinds of DTI, as discussed below.

The two main kinds of DTI are expressed as a pair using the notation x/y (for example, 28/36).

  1. The first DTI, known as the front-end ratio, indicates the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI (mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and homeowners' association dues [when applicable]).
  2. The second DTI, known as the back-end ratio, indicates the percentage of income that goes toward paying all recurring debt payments, including those covered by the first DTI, and other debts such as credit card payments, car loan payments, student loan payments, child support payments, alimony payments, and legal judgments.[1]
In order to qualify for a mortgage for which the lender requires a debt-to-income ratio of 28/36:
  • Yearly Gross Income = $45,000 / Divided by 12 = $3,750 per month income.
    • $3,750 Monthly Income x .28 = $1,050 allowed for housing expense.
    • $3,750 Monthly Income x .36 = $1,350 allowed for housing expense plus recurring debt.
Note: Third party mortgage lenders will ofter be able to go to 45%.

Home Equity Loans:

A mortgage loans that uses the equity in your home you have accumulated by paying your mortgage payment every month. You can also renew or refinance any of the mortgage amount at anytime without a penalty.

Eg. Your home is worth 200000, and the balance remaining on your mortgage is 50000.
Home value                                       200000
Mortgage Balance                              - 50000
Home Equity                                      150000

Mortgage lenders will lend a maximimum of 90% of the home equity.
150000 x .90= 135000 is your maximum home equity loan or re-mortgage amount.

Types of Mortgages:


Mortgage type 1. Open Mortgages: Customers who choose this type of mortgage can pay off there entire mortgage at any time with no penalty. This mortgage is usually the best value as you will pay the least amount of interest over the term of the mortgage.

Mortgage type 2. Closed Mortgages: This mortgage penalises you for paying your mortgage early. This mortgage is primarily for people who dont plan to live in there home for very long or plan to refinance there mortgage in the near future.

Mortgage type 3. Variable Rate Mortgage: This mortgage has an interest rate that rises and falls with the prime bank rate or the lenders rate. This mortgage has the advantage of allowing you to buy a house you think you will be able to afford in a few years.

Mortgage Loan To Value Ratio:

The mortgage loan-to-value (LTV) ratio expresses the amount of a first mortgage lien as a percentage of the total appraised value of real property. For instance, if a borrower borrows $130,000 to purchase a house worth $150,000, the LTV ratio is $130,000/$150,000 or 87%.(LTV)

Loan to value is one of the key risk factors that lenders assess when qualifying borrowers for a mortgage. The risk of default is always at the forefront of lending decisions, and the likelihood of a lender absorbing a loss in the foreclosure process increases as the amount of equity decreases. Therefore, as the LTV ratio of a loan increases, the qualification guidelines for certain mortgage programs become much more strict. Lenders can require borrowers of high LTV loans to buy mortgage insurance to protect the lender from the buyer default, which increases the costs of the mortgage.

Mortgage Interest Rate - The interest rate you pay on your mortgage.

Mortgage Quote - A free quote as to what the mortgage lender can offer.

Subprime Mortgage loans - Subprime mortgage loans target people without sufficient credit history for a conventional mortgage.


We offer Mortgage services in the following provinces in Canada:


British Columbia Canada Mortgage Loans & Equity Loans
:
-Courtenay BC, Comox BC & Comox Valley BC Canada Mortgage Loans & Equity Loans
-Parksville & Qualicum Beach BC Canada Mortgage Loans & Equity Loans
-Port Hardy BC to Sayward BC Canada Mortgage Loans & Equity Loans
-Duncan BC, Ladysmith BC Canada Mortgage Loans & Equity Loans
-Kelowna BC, Penticton BC Canada Mortgage Loans & Equity Loans
-Nelson BC, Cranbrook BC Canada Mortgage Loans & Equity Loans
-Campbell River BC Canada Mortgage Loans & Equity Loans
-Prince George BC Canada Mortgage Loans & Equity Loans
-Maple Ridge BC Canada Mortgage Loans & Equity Loans
-Port Alberni BC Canada Mortgage Loans & Equity Loans
-White Rock BC Canada Mortgage Loans & Equity Loans
-Abbotsford BC Canada Mortgage Loans & Equity Loans
-Vancouver BC Canada Mortgage Loans & Equity Loans
-Chilliwack BC Canada Mortgage Loans & Equity Loans
-Kamloops BC Canada Mortgage Loans & Equity Loans
-Nanaimo BC Canada Mortgage Loans & Equity Loans
-Kelowna BC Canada Mortgage Loans & Equity Loans
-Ucluelet BC Canada Mortgage Loans & Equity Loans
-Langley BC Canada Mortgage Loans & Equity Loans
-Victoria BC Canada Mortgage Loans & Equity Loans
-Vernon BC Canada Mortgage Loans & Equity Loans
-Surrey BC Canada Mortgage Loans & Equity Loans
-Tofino BC Canada Mortgage Loans & Equity Loans
And surrounding areas in British Columbia Canada

Alberta Canada Mortgage Loans & Equity Loans:
-Calgary AB Canada Mortgage Loans & Equity Loans
-Red Deer AB Canada Mortgage Loans & Equity Loans
-Edmonton AB Canada Mortgage Loans & Equity Loans
-Lethbridge AB Canada Mortgage Loans & Equity Loans
-Medicine Hat AB Canada Mortgage Loans & Equity Loans
-Grande Prairie AB Canada Mortgage Loans & Equity Loans
-Fort McMurray AB Canada Mortgage Loans & Equity Loans
-Airdrie AB Canada Mortgage Loans & Equity Loans
-Spruce Grove AB Canada Mortgage Loans & Equity Loans
-Cochrane AB Canada Mortgage Loans & Equity Loans
-Leduc AB Canada Mortgage Loans & Equity Loans
-Okotoks AB Canada Mortgage Loans & Equity Loans
And surrounding areas in Alberta Canada

Manitoba Canada Mortgage Loans & Equity Loans:
-Winnipeg MB Canada Mortgage Loans & Equity Loans
-Brandon MB Canada Mortgage Loans & Equity Loans
-Thompson MB Canada Mortgage Loans & Equity Loans
-Selkirk MB Canada Mortgage Loans & Equity Loans
-Steinbach MB Canada Mortgage Loans & Equity Loans
-Dauphin MB Canada Mortgage Loans & Equity Loans
-Winkler MB Canada Mortgage Loans & Equity Loans
-Morden MB Canada Mortgage Loans & Equity Loans
-The Pas MB Canada Mortgage Loans & Equity Loans
-Flin Flon MB Canada Mortgage Loans & Equity Loans
-Swan River MB Canada Mortgage Loans & Equity Loans
-Stonewall MB Canada Mortgage Loans & Equity Loans
-Altona MB Canada Mortgage Loans & Equity Loans
-Virden MB Canada Mortgage Loans & Equity Loans
-Neepawa MB Canada Mortgage Loans & Equity Loans
and surrounding areas in Winnipeg Canada & Equity Loans

Saskatchewan Canada Mortgage Loans & Equity Loans:
-Saskatoon SK Canada Mortgage Loans & Equity Loans
-Moose Jaw SK Canada Mortgage Loans & Equity Loans
-Prince Albert SK Canada Mortgage Loans & Equity Loans
-Regina SK Canada Mortgage Loans & Equity Loans
-Lloydminster SK Canada Mortgage Loans & Equity Loans
-North Battleford SK Canada Mortgage Loans & Equity Loans
-Yorkton SK Canada Mortgage Loans & Equity Loans
-Swift Current SK Canada Mortgage Loans & Equity Loans
-Estevan SK Canada Mortgage Loans & Equity Loans
-Weyburn SK Canada Mortgage Loans & Equity Loans
-Melfort SK Canada Mortgage Loans & Equity Loans
-Humboldt SK Canada Mortgage Loans & Equity Loans
-Meadow Lake SK Canada Mortgage Loans & Equity Loans
-Melville SK Canada Mortgage Loans & Equity Loans
-Kindersley SK Canada Mortgage Loans & Equity Loans
And surrounding areas in Saskatchewan Canada

Ontario Canada Mortgage Loans
& Equity Loans:
-Kenora ON Canada Mortgage Loans & Equity Loans
-Thunder Bay ON Canada Mortgage Loans & Equity Loans
-Sault Ste. Marie ON Canada Mortgage Loans & Equity Loans
-Sudbury ON Canada Mortgage Loans & Equity Loans
-Hamilton ON Canada Mortgage Loans & Equity Loans
-Toronto ON Canada Mortgage Loans & Equity Loans
-Oshawa ON Canada Mortgage Loans & Equity Loans
-Peterborough ON Canada Mortgage Loans & Equity Loans
-Kingston ON Canada Mortgage Loans & Equity Loans
-Ottawa ON Canada Mortgage Loans & Equity Loans
-Renfrew County ON Canada Mortgage Loans & Equity Loans
-Lanark County ON Canada Mortgage Loans & Equity Loans
-Kitchener ON Canada Mortgage Loans & Equity Loans
-London ON Canada Mortgage Loans & Equity Loans
-Windsor ON Canada Mortgage Loans & Equity Loans
-Oshawa ON Canada Mortgage Loans & Equity Loans
-Barrie ON Canada Mortgage Loans & Equity Loans
-Burlington ON Canada Mortgage Loans & Equity Loans
-Cambridge ON Canada Mortgage Loans & Equity Loans
-Guelph ON Canada Mortgage Loans & Equity Loans
-Waterloo ON Canada Mortgage Loans & Equity Loans
And surrounding areas in Ontario Canada

Quebec Mortgage Loans & Equity Loans:
-Quebec City QC Canada Mortgage Loans & Equity Loans
-Sherbrooke QC Canada Mortgage Loans & Equity Loans
-Trois-rivieres QC Canada Mortgage Loans & Equity Loans
-Drummondville QC Canada Mortgage Loans & Equity Loans
-Saint-Hyacinthe QC Canada Mortgage Loans & Equity Loans
-Saint-jerome QC Canada Mortgage Loans & Equity Loans
-Granby QC Canada Mortgage Loans & Equity Loans
-Shawinigan QC Canada Mortgage Loans & Equity Loans
-Beloeil QC Canada Mortgage Loans & Equity Loans
-Salaberry-de-Valleyfield QC Canada Mortgage Loans & Equity Loans
-Rimouski QC Canada Mortgage Loans & Equity Loans
-Juliette QC Canada Mortgage Loans & Equity Loans
-Victoriaville QC Canada Mortgage Loans & Equity Loans
-Sorel QC Canada Mortgage Loans & Equity Loans
-Montreal QC Canada Mortgage Loans & Equity Loans
-Gatineau QC Canada Mortgage Loans & Equity Loans
And surrounding areas in Quebec Canada

Newfoundland Mortgage Loans & Equity Loans:
-St. Johns NL Canada Mortgage Loans & Equity Loans
-Mount Pearl NL Canada Mortgage Loans & Equity Loans
-Conception Bay South NL Canada Mortgage Loans & Equity Loans
-Corner Brook NL Canada Mortgage Loans & Equity Loans
-Bay Roberts NL Canada Mortgage Loans & Equity Loans
-Grand Falls-Windsor NL Canada Mortgage Loans & Equity Loans
-Paradise NL Canada Mortgage Loans & Equity Loans
-Gander NL Canada Mortgage Loans & Equity Loans
-Goose Bay NL Canada Mortgage Loans & Equity Loans
-Labrador City NL Canada Mortgage Loans & Equity Loans
-Carbonear NL Canada Mortgage Loans & Equity Loans
-Stephenville NL Canada Mortgage Loans & Equity Loans
-Grand Bank NL Canada Mortgage Loans & Equity Loans
-Marystown NL Canada Mortgage Loans & Equity Loans
-Channel-Port aus Basques NL Canada Mortgage Loans
And surrounding areas in Newfoundland Canada

PEI Mortgage Loans & Equity Loans:
-Charlottetown PEI Canada Mortgage Loans & Equity Loans
-Summerside PEI Canada Mortgage Loans & Equity Loans
-Montague PEI Canada Mortgage Loans & Equity Loans
-Kensington PEI Canada Mortgage Loans & Equity Loans
-Souris PEI Canada Mortgage Loans & Equity Loans
-Alberton PEI Canada Mortgage Loans & Equity Loans
And surrounding areas in Prince Edward Island Canada

Nova Scotia & Labrador Mortgage Loans & Equity Loans:
-Halifax NS Canada Mortgage Loans & Equity Loans
-Sydney NS Canada Mortgage Loans & Equity Loans
-Glace Bay NS Canada Mortgage Loans & Equity Loans
-Truro NS Canada Mortgage Loans & Equity Loans
-New Glasglow NS Canada Mortgage Loans & Equity Loans
-Sydney Mines NS Canada Mortgage Loans & Equity Loans
-Kentville NS Canada Mortgage Loans & Equity Loans
-New Waterford NS Canada Mortgage Loans & Equity Loans
-Amherst NS Canada Mortgage Loans & Equity Loans
-Bridgewater NS Canada Mortgage Loans & Equity Loans
-Yarmouth NS Canada Mortgage Loans & Equity Loans
-Antigonish NS Canada Mortgage Loans & Equity Loans
-Springhill NS Canada Mortgage Loans & Equity Loans
-Windsor NS Canada Mortgage Loans & Equity Loans
-Pictou NS Canada Mortgage Loans & Equity Loans
And surrounding areas in Nova Scotia & Labrador Canada

New Brunswick Mortgage Loans & Equity Loans:
-Saint John NB Canada Mortgage Loans & Equity Loans
-Moncton NB Canada Mortgage Loans & Equity Loans
-Fredericton NB Canada Mortgage Loans & Equity Loans
-Bathurst NB Canada Mortgage Loans & Equity Loans
-Edmundston NB Canada Mortgage Loans & Equity Loans
-Campbellton NB Canada Mortgage Loans & Equity Loans
-Oromoco NB Canada Mortgage Loans & Equity Loans
-Grand Falls NB Canada Mortgage Loans & Equity Loans
-Shediac NB Canada Mortgage Loans & Equity Loans
-Caraquet NB Canada Mortgage Loans & Equity Loans
-Saint Stephen NB Canada Mortgage Loans & Equity Loans
-Dalhousie NB Canada Mortgage Loans & Equity Loans
-Sussex NB Canada Mortgage Loans & Equity Loans
-Sackville NB Canada Mortgage Loans & Equity Loans
And surrounding areas in New Brunswick Canada

Not on this list? Please call and ask as we offer mortgage services in your area.

ONLINE MORTGAGE APPLICATION

Dont be discouraged if you have been turned down in the past, we guarantee if anyone can help you we can.


We know are mortgage lenders offer the most competitive rates and you will come back to us. So please go ahead and shop the competition, we challenge you to find a better mortgage deal.


Equity Refinance Mortgage Loans Canada
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1st & 2nd Mortgages
Your Mortgage Experts


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