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The Different Types of Home Equity Loans You Can Get
Many people turn to home equity loans to access cash from their house. But there are many options with competitive interest rates and terms.
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Spousal Buyout
A Spousal Buyout is a mortgage arrangement following a Divorce/Separation Agreement. This mortgage arrangement allows one spouse to remain on the title to the property while the other ex-spouse is released from the mortgage. Most lenders will allow borrowers to buy out the ex-spouse using the equity in the property up to 80% Loan-To-Value (LTV).
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Going through a relationship breakup is hard enough, but trying to find the best mortgage solution on top of that can be difficult. Work with professionals who emphasize client-relationship confidentiality.
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There are a few things that borrowers would want to know more about this mortgage solution. Contact your local mortgage broker or book a free consultation with one of ours for more details.
Separation Agreement
Borrowers can qualify for this mortgage solution by providing a copy of the Separation Agreement with their mortgage application.
Bruised Credit Not A Problem
Borrowers with bruised credit can qualify for a Spousal Buyout mortgage. There are conventional and alternative lenders who will work with the borrower's financial situation.
Current Property Value
Lenders will evaluate the available equity based on the current property value that has been appraised by a licensed Appraiser chosen by the lender.
Trusted Lenders
At Vaughan Mortgage Broker, we work with lenders who are reputable and have established outstanding levels of customer service, integrity, and compliance with regulatory authorities.
Justin W, Richmond Hill
As a first time home buyer I was very nervous about buying a home. The professional staff at Matrix Mortgage Global took the time to answer my questions even after hours. I was very pleased with the service and how I was treated.
Jignesh S, Toronto
I'm a self-employed cab driver. I was devastated when my bank, with whom I've been banking with for years turned me down for a mortgage. My business is mainly cash, and I didn't meet the bank's criteria for proving my income. I found Matrix Mortgage Global online and decided to give them a call. I was surprised that I got approved. I thought that if my bank turned me down everyone would. Thanks!
Andrea C, Markham
I had 2 yrs left on my consumer proposal, with the 2nd mortgage offer by Matrix Mortgage Global I was able to pay off the proposal and re-establish my credit
You Can and You Will Be Approved
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You deserve a mortgage that is customized to you.
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Over $2.3 billion of mortgage funded in history working with you.
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Enjoy the peace of mind from knowing that you are working with someone who has a deep understanding of the mortgage industry and will work smart to get you the best possible deal.
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Gain Access to Top Conventional and
Alternative Mortgage Lenders in Canada
Qualifying for a mortgage used to be easier than it is now.
But it doesn’t mean you can’t get professional help to qualify.
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​Reasonable mortgages are accessible to borrowers today.
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A Mortgage for All Life Situations
Better Options with
Consolidate to an all-in-one mortgage to cut down the mortgage payment amount and increase your cashflow.
Tap into the available equity from appreciation as a revolving credit line and use the fund for any reason, such as home renovation projects or buying passive income properties.
Going through a relationship breakup is hard enough, but trying to find the best mortgage solution on top of that can be difficult. Work with professionals who emphasize client-relationship confidentiality.
Renegotiate the terms of your mortgage and draw the available equity from the property.
Get approved for special programs and incentives exclusive for First Time Home Buyers.
Get approved for special programs and incentives exclusive to New to Canada residents.
Compare best mortgage rates and lending terms with insights from mortgage brokers who are professionals in the industry.
Get approved based on your business gross income and bank statements. Don't let the bank stop you from having the best mortgage.
Qualify for the best mortgage terms from lenders who are supportive of real estate investors owning up to four rental doors.
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