Meet Marie Copeland
Here to work for you not the big banks. Getting you bank or alternative financing for home purchase or refinancing a home mortgage is more than a job. It's a passion to help families and small business owners realize their real estate financing dreams.
Best home equity loan Using Hamilton Mortgage brokers
gets you more money Ontario wide
Why the best home equity loan vs. banks?
Why best home equity loan vs bank? You have good credit, stable income but your bank turns you down for the mortgage amount needed. Now you need 20% down alternative financing for home purchase or up to 80% to refinance a home mortgage. What is going on?
Income just a bit too low? get more money with the equity home purchase loan
In 2018 Canadian Government introduced a mortgage stress test ruling that 2% is added to a contract rate you are offered to qualify for a mortgage. This, even though you get a lower contract interest rate.
The mortgage stress test in Canada was intended to cool off the housing market and ensure that when it is time to renew your mortgage and interest rates have gone up, you will still qualify for mortgage at higher rates without a risk of losing your home.
While the mortgage stress test applies to banks, mortgage companies and home equity mortgage loans, mortgage brokers Hamilton Ontario, like us, have access to lenders that offer extended debt service ratios.
If you are negotiating a home purchase offer but you are a bit short on income to qualify for mortgage amount needed and your bank turns you down, consider the best home equity loan. This is a great home purchase loan option with 20% down payment.
The best home equity loan, at a bit higher interest rate is an attractive option. It is an ideal home buyer mortgage if you need more money and banks turned you down for a mortgage.
With today's high home values and tightened mortgage rules it is getting increasingly more difficult to qualify for mortgage loans to buy a home at that higher price range. This type of alternative financing for home purchase with 20% down payment has become a very attractive option to get you into a home you want.
For more home buyer advice, home buying process checklist and home purchase process timeline go to home buyer loans or submit your application using the button below and we will get the process going.
How to get more money when you Refinance A home Mortgage
Our homes have never worked as hard as they have in recent years. Our home is our family haven, our office, safe home schooling classroom, a gym and a best source of tax free cash to get fast debt relief.
That's why when you refinance a mortgage, using a best home equity loan you have benefits. You get access to more tax free cash using the equity in your home to use as you need.
Refinancing your home mortgage using the best home equity loan from alternative mortgage lenders, gives you more money then you can get from the banks. Consider below:
- How to become debt free with a home refinance mortgage? Home equity loans Hamilton offer how to consolidate debt options. Ask us how paying off credit card debt can save you hundreds of dollars a month, improving your household cashflow, credit score, saving you money,
- Refinance vs home purchase is a common question many homeowners ask these days. Refinancing a home mortgage gives you tax fee cash for anything you need, including as a home remodel loan. This is also good home renovation financing for improving your home. Home repair loans outside a mortgage are expensive in comparison to the best home equity loan option. With the no stress test low mortgage payments improving your home makes perfect sense.
Marie Copeland FSU, Mortgage brokers Hamilton delivering the best home equity loan solutions.
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*Lenders change their products and interest rates regularly and without notice. Always check for lender updates.
Banks and AAA lenders pay us for your service. Some alternative mortgage financing and all private mortgage broker fees are payable by clients.