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Home Buyer Loans sub prime Mortgage Help

home buyer loans for everyone

Thinking about home buyer loans and your bank said NO? We've got you covered. Here to give you home buyer advice how alternative mortgage financing has a place for everyone who does not fit the bank's qualify for mortgage requirements.

Are you a fit for AAA home buyer loans prime real estate financing? For good credit and proven income on your CRA tax returns get home mortgage loan information at our prime mortgage lending site or just submit your application here and we will take care of you.          


Solving the Problem of Alternative Financing For Home Purchase

With the sub prime mortgage home purchase loan, minimum 20% down payment plus closing costs averaging about 3%-5% of purchase price will be needed to get that dream home. The sub prime mortgage market delivers many real estate financing solutions which includes the no stress test best home equity loans to buy a home.

If your home buyer loans are needed to buy a rural property, well and septic, or in a small town with less than 30-35,000 population, the most money the alternative mortgage lender will give you is 65% of the appraised value.

In addition, alternative mortgage lenders have their acceptable lending areas and this too can affect your ability to get real estate financing.

Before negotiating a home purchase offer it is important to understand where your application fits with the sub prime mortgage lender. This will put you in a stronger position to get alternative mortgage financing for home purchase.

Best thing to do is to submit your application so that we can assess your home mortgage loan information and walk you through the home buying mortgage process.


Home buyers Advice. Home buying process checklist. home purchase process timeline

The home purchase process timeline varies depending on the type of your home buyer loans, but some of the most common lender requirements include:

  • Few days Finance Condition is important when negotiating a home purchase offer. The Finance Condition needs to be long enough to give the lender time to adjudicate your application and review your appraisal,
  • An Appraisal is part of the Finance Condition and few days are needed for this Condition to deal with your mortgage application approval: 1) to order the Appraisal giving the appraiser enough time to inspect the property, prepare the Appraisal report and submit to lender for approval, 2) once the lender receives the report, time is needed for their real estate department to review and approve or decline the Appraisal -- this is an important step in your home buying process checklist,
  • A Home Inspection Condition is recommended to ensure you are not 'buying a lemon' that can become a nightmare instead of your dream home. This can cost you thousands of dollars in repairs after your home buyer mortgage closes and you own the property,
  • If your home purchase loan is to buy a condominium, the lender and your lawyer will need time to review the Condo Certificate -- a Condition will be needed for this item when negotiating a home purchase offer,
  • If the home buyer mortgage is for a rural property or on well and septic, water potability test and other tests may be needed from the local Health Department, and more.

This is your partial home buying process checklist -- but what about the alternative financing for home purchase costs of buying a home?

home buyer loans costs to buy your dream home, a swanky condo or loan to purchase a rental property

Remember to include in your home buying process checklist the costs relating to your home purchase loan:

  • Appraisal, home inspection and condo certificate where applicable are upfront costs payable by you,
  • In addition to the down payment the lender will charge a fee (usually 1%-1.5%) plus various administrative fees and a property tax holdback for a portion of the year,
  • Unless this is your first time home buyer home, there are land transfer taxes payable by you on closing,
  • A lawyer and associated legal costs will be needed to close on your home purchase loan,
  • With many sub prime mortgage loans, the mortgage broker fees are payable on closing by borrowers.

how to Calculate your land transfer taxes in Ontario with loans to buy a home

     Purchase price     

            First $55,000            

  $55,000.01 - $250,000.00  

 $250,000.01 - $400,000.00 

  $400,000.01 - $2,000,000  


        Tax rate        

               0.05 %              

               1.00 %              

               1.50 %              

               2.00 %              

               2.50 %              

Getting you best home mortgage loan information

If you are going to the bank to get a mortgage, you may be missing out on good real estate financing options available through the mortgage broker Canada service. Each bank you go to will pull your credit, dragging down your credit score even lower, making it more difficult for you to get loans to buy a home.

There is no need for you to get frustrated going from bank to bank shopping for a home buyer mortgage -- Banks do not provide alternative mortgage financing -- you will need a private mortgage broker.

You deserve an expert to present your information to the alternative mortgage lender accurately. New sub prime mortgage solutions are being introduced regularly. As mortgage brokers Canada we have access to real estate financing needed to help you with the right home purchase loan.

Marie Copeland, FSU Hamilton Mortgage Broker helping you get a home purchase loan that meets your needs.

Share with others who need mortgage help to buy a home

Thank you for reading the home mortgage loan information with home buying process checklist for successful closing on your home buyer loans. Please share with your family and friends who need home mortgage help. 

*Lenders change their products and interest rates regularly and without notice. Check with us for updates.

Axcess Mortgage and Loans Financing Co. Ltd. | FSRA 10420


1 (905) 537-8815

Banks and AAA lenders pay us for your service. Some alternative mortgage financing and all private mortgage lending broker fees are payable by clients.