A bridging loan is a temporary financing option designed to help homeowners “bridge” the gap between the time their existing home is sold and their new property is purchased.

This loan is for a seasonal property, such as a cottage or holiday home. The property is typically not accessible or used during all four seasons.

A debt consolidation loan is used when a borrower wants to pay off multiple debts, such as credit cards, and consolidate them into a single monthly payment.

A deposit loan is used during the process of selling your current residence and buying a new one. Once your home is sold firm, you can access equity from that property to use as a deposit on the new purchase. This loan helps when a deposit is needed before the sale of your current home closes.

A loan primarily based on the equity in the property rather than the borrower's credit or income. The loan is secured by a first mortgage position on the property, giving it the highest priority.

This loan allows a borrower to take out equity built up in their home to use for other purposes, such as a vacation, cash for a business venture, or other needs.

A loan designed for short-term financing is typically used when purchasing a property with the intent to quickly renovate and resell it for profit.

This loan covers shortfalls such as deposit financing, closing costs, down payment shortfalls, payouts of existing loans, or cash advances, using real estate or personal property as security.

A revolving line of credit secured by the equity in a property. Borrowers can draw from and repay the loan as needed, with the credit limit determined by the home’s equity.

A loan specifically for the purchase of land, typically for future construction or investment purposes, and not attached to any existing structure.

A power of sale rescue loan is designed to stop the foreclosure process on a property.

A loan for the purchase or refinance of a property, secured by a first mortgage position. This loan has priority over all other loans on the property.

A loan for the purchase or refinance of a property, secured by a second mortgage position. Only the loan in the first position has greater priority.

A loan for the purchase or refinance of a property, secured by a third mortgage position. Only the loans in first and second positions have greater priority.

A loan designed for properties located in rural areas, often including small-scale farming operations or residential properties that do not meet urban residential criteria.

A loan where the primary purpose is to pay out personal CRA tax arrears or property tax arrears.

A title transfer is a transaction where one party assumes the mortgage debt on a property. No additional funds are being sought.

Should you have any questions please click on the chat bubble.