Home Purchase

Mortgage Pre-Approvals in Toronto

You made that big decision and you are ready to purchase a home. What is the first  step? Get pre-approved. This will help you not just get your financing process started but also give you good idea how much you can spend on your dream house. Also, with pre-approval you get  guaranty on  interest rate for up to 120 days . Credifin Mortgages will help you arrange a mortgage that suits your unique needs.

No Downpayment Mortgage

The buyer who does not have the resources to put money down on a purchase of a home right away can take advantage of No Downpayment Mortgage.  As a home buyer, by getting into ownership, you are now gaining equity in what is most likely your largest and most lucrative investment. There are definite positives when comparing home ownership to renting.

Flex Downpayment Mortgage Financing

CMHC( Canada Housing and Mortgage Corporation) offers a new program to consumers proves very helpful to both first time buyers and to those who already hold properties. It allows them to “borrow” money for the purposes of putting a down payment on a home. The eligibility of the borrowed funds may be found in any of the following areas: personal loans, lines of credit or credit cards. You are eligible to receive fully discounted rates from  lenders while participating in this program.

Self Employed Mortgage in Toronto

Are you self-employed? In the past it was rather difficult for  individualthat could not prove his or her income through personal income tax documentation or salaried pay to obtain mortgage. Today’s lenders and mortgage insurers make it easy for the self-employed consumer to obtain mortgage financing.  Securing financing with discounted interest rates is easy as providing  a stated letter of income and proof that you’re business for self.

Bad Credit Mortgage in Toronto

Bad Credit? At Credifin Mortgages we can help those who are re-establishing their credit rating. Mortgage financing is available up to 100% / No Downpayment at competitive interest rates.Today there are more and more lenders offering financing to “high risk” consumers and Credifin Mortgages will negotiate  the best deal with lenders on your behalf.

Cash Back Mortgage

When you need some extra funds after closing to help with purchasing items such as furniture, appliances etc., you might consider mortgage program called Cash Back Mortgage.  Generally, these products are offered by most mortgage lenders.

Rental/Investment Property Mortgage Products

Today it is easier than ever to arrange mortgage financing for Rental/Investment properties. CMHC and participating mortgage lenders offer purchase financing up to 100% / No Downpayment. As well, this can be offered at fully discounted mortgage rates with 40 year mortgage amortizations.

Purchase Plus Improvements

These mortgage programs allow you to purchase a home and add the “improvements” into the mortgage. This is perfect for the situations where a buyer wants to purchase a property, but has home renovations in mind.