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HenryMortgages.com; Mortgage Alliance is here to provide you with the best suitable option based on your independent situation. We’re here to make sure you understand the options and features of any recommended service.
A pre-approved mortgage is a tentative promise from a lender that it will loan you a certain amount of money for the purchase of real estate, for a certain term and at a
certain interest rate. In a pre-approved mortgage process, the lender will base its decision upon your income and credit score.
Get Pre-Approved and shop with confidence!
Refinancing your mortgage means that you are trading in your old mortgage for a new one, and possibly a new balance. Homeowners refinance to take advantage of lower market interest rates, cash out a portion of their equity, or to reduce their monthly payment with a longer repayment term. Refinancing, renewals and mortgage company switches are made easy with our efficient processes!
Let’s work together to help you discover a way to afford the home of your dreams while avoiding the common pitfalls of homeownership! Our team of Mortgage Agents and Mortgage Brokers works with you to understand your needs, develop an effective plan to address your situation immediately to ensure you have long-term financial success, with arranging 1st 2nd and 3rd Mortgages, obtaining the best rates from banks, credit unions, trust companies and private lenders.
Self-employed mortgages are for borrowers that rely on self-employment income or business income instead of employment income. Being self-employed means that your income will be different from regular borrowers. We have great mortgage solutions specifically for self-employed borrowers.
A financial investment is an asset that you put money into with the hope that it will grow or appreciate into a larger sum of money. The idea is that you can later sell it at a higher price or earn money on it while you own it. ... The more risk you take, the more potential for making more money.
Looking to invest in a rental property? Get the information you need to make a decision with confidence!
Rescue capital is an injection of money into distressed markets and assets in the private marketplace. ... In both instances, rescue capital is intended to rescue the distressed markets, providing them with much-needed liquidity.
Get the bridge funding you need quickly to save you from financial distress!
Debt consolidation refers to the act of taking out a new loan to pay off other liabilities and consumer debts. Multiple debts are combined into a single, larger debt, such as a loan, usually with more favorable payoff terms — a lower interest rate, lower monthly payment, or both.
Consolidate your high interest debt into one affordable payment so you can save more money.
A commercial mortgage is a loan given to a business to buy a commercial property. Commercial mortgages are different from residential mortgages in several ways. Important factors to consider is that less of the total value of the property is covered by the loan and, the interest rate on a commercial mortgage is higher than on a residential mortgage. Commercial mortgages are often complex. We have a wide range of commercial lenders who allow us to pass on the best rates to our business clients.
Home Equity Credit Lines / Loans
A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans; such as credit cards. Whether you require funds to make home improvements, invest in a business or to create more financial flexibility, we have many options available. Let us help you meet your financial goals.
First Time Home Buyers Mortgages
There are plenty advantages being a first time home buyer. Here are a few:
The Home Buyers' Plan (HBP) is a program that allows you to withdraw a maximum of $35,000 from your Registered Retirement Savings Plans (RRSPs) to buy or build a qualifying home. The HBP allows you to pay back the withdrawn funds within a 15-year period.
The First-Time Home Buyer Incentive makes it easier for you to buy a home and lower your monthly mortgage payments. This program is a shared equity mortgage. This means that the government shares in the upside and downside of the property value. It allows you to borrow 5 or 10% of the purchase price of a home.
First-time homebuyers of an eligible home may be eligible for a refund of all or part of the property tax.
It’s a big step! We will guide you through your journey to determine what’s best for your needs.
A rent-to-own agreement gives people who would otherwise struggle to qualify for a mortgage loan the chance to hold onto a home they love while they rebuild their credit and boost their income. With a rent to own program, a portion of the rent you pay goes towards your down payment for the purchase if you buy the home down the line. In Ontario, a rent-to-own program gives you the opportunity to grow your down payment while living in the home as if it was your own.
Private Loans and Mortgages
A bank may not always be the best fit for your lending needs and can be more difficult to get a loan approve with. We have a network of private lenders available to finance both traditional and non-traditional lending needs. At times, Private lenders tend to be more flexible and responsive, but they are also more expensive. Get the best rates from our network of private lenders available to finance both traditional and non-traditional lending needs.
Investment Property Mortgages
This type of mortgage is used to buy property with the sole intention of generating rental income and / or an eventual profit from its sale. Looking to invest in a rental property? Get the information you need to make a decision with confidence.
A second mortgage is a second loan that you take on your home. You can borrow up to 80% of the appraised value of your home, minus the balance on your first mortgage. The loan is secured against your home equity and could be used for numerous situations such as, paying off your debt, , paying for education, renovating and improving the value of your home, or improving your credit.
You’ll get a loan in which the lender pays you. Reverse mortgages take part of the equity in your home and convert it into payments to you. Get money from your home equity without having to sell your home.
Personal and Business Loans
Personal loans are meant for personal purchases, whereas business loans are meant to fund business-related purchases. Either way, we can help secure the best rates for you!
Auto and Home Insurance
As long as you own a vehicle and or a home, you’ll need to have insurance. We’ll do the shopping for you for the best rates and bundles!
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