OUR PRODUCTS
Time-effective home equity loans to provide you with the cash you need.
We can get you the financing you need
regardless of its purpose. We have solutions.
These are just some common situations when our customers contact us. If you have a unique situation that requires
financing and it is not listed below we’ll still be able to help. Please contact us.
Buying Another Property
If you have decided to buy another property prior to selling the one you recently own, you may borrow deposit funds from North Creek Financial. We provide short-term mortgage loans which you can pay in 1-6 months or convert them to a long-term mortgage. We may also finance your purchase by providing 1st, 2nd and 3rd mortgages with up to 85% LTV in Toronto/GTA and 72% outside of GTA. Interest on the loans may vary from 6-7% for 1st mortgages, 10-12% for 2nd and 12-14% for 3rd.
Re-Financing
Our easy application and fast approval will have your property re-financed in a short period of time. It can save you money on possible penalties. Our rates are competitive, but most importantly, we work effectively within your time frame. The mortgage funds would be advanced within 2-3 days upon receipt from you all required documentation and all documents are signed by you at your lawyer’s office. A 24 hour advance is possible on a case-by-case basis.
Renovating a Property
Whether you have purchased a property in poor condition or have decided to build a new dwelling, we can finance your project , if you have enough equity in your existing home. A placing of the existing property as collateral to finance your renovation may speed-up the process and avoid some costs. However, if the renovated property is all you have, the funds may be advanced in installments based on the progress of the work. If you have any questions or would like to discuss your situation further, please contact us.
Consolidation of Debts
Tired of collection calls? Want to settle your debts? Too many bills to pay? Use the equity in your home to pay all your debts with one monthly payment. It is a good practice to pay off and reorganize your debts at least six months prior to submission of the mortgage application to a major financial institution (“A” lenders). When your credit cards, student loan(s) and executions, if any, are paid off, it makes your credit score go up and increase your chances to get a low interest mortgage with a bank.
Unexpected Events
Wedding /education / new family / new family member ? You get funds now and work with your bank later, when you have more time to do so. The private equity loans are the easiest and fastest way to get the funds you are looking for. Why waste time on putting together enormous amount of papers trying to get a loan from a bank when you can invest it in the planning that important event? Contact us today and continue with your life.
Starting a Business
it is almost impossible to receive a business loan from a bank when you just have an idea. We can help you to accomplish your dream without unnecessary production of piles of financial statements. Do not put your ideas on hold only because you can’t find financing with a bank. We may provide you with a loan for up to 85% LTV with an interest starting at 6% per year and a term up to 24 months and an option to renew for a further term. No minimum credit score requirement, no letters of employment, no excessive supporting documentation.
Buying Another Property
If you have decided to buy another property prior to selling the one you recently own, you may borrow deposit funds from North Creek Financial. We provide short-term mortgage loans which you can pay in 1-6 months or convert them to a long-term mortgage. We may also finance your purchase by providing 1st, 2nd and 3rd mortgages with up to 85%LTV in Toronto/GTA and 72% -outside of GTA. Interest on the loans may vary from 6-7% for 1st mortgages, 10-12%- for 2nd and 12-14-for 3rd
Re-Financing
Our easy application and fast approval will have your property re-financed in a short period of time. It can save you money on possible penalties. Our rates are competitive, but most importantly, we work effectively within your time frame. The mortgage funds would be advanced within 2-3 days upon receipt from you all required documentation and all documents are signed by you at your lawyer’s office. A 24 hour advance is possible on a case-by-case basis.
Renovating a Property
Whether you have purchased a property in poor condition or have decided to build a new dwelling, we can finance your project , if you have enough equity in your existing home. A placing of the existing property as collateral to finance your renovation may speed-up the process and avoid some costs. However, if the renovated property is all you have, the funds may be advanced in installments based on the progress of the work. If you have any questions or would like to discuss your situation further, please contact us.
Consolidation of Debts
Tired of collection calls? Want to settle your debts? Too many bills to pay? Use the equity in your home to pay all your debts with one monthly payment. It is a good practice to pay off and reorganize your debts at least six months prior to submission of the mortgage application to a major financial institution (“A” lenders). When your credit cards, student loan(s) and executions, if any, are paid off, it makes your credit score go up and increase your chances to get a low interest mortgage with a bank.
Unexpected Events
Wedding /education / new family / new family member ? You get funds now and work with your bank later, when you have more time to do so. The private equity loans are the easiest and fastest way to get the funds you are looking for. Why waste time on putting together enormous amount of papers trying to get a loan from a bank when you can invest it in the planning that important event? Contact us today and continue with your life.
Starting a Business
it is almost impossible to receive a business loan from a bank when you just have an idea. We can help you to accomplish your dream without unnecessary production of piles of financial statements. Do not put your ideas on hold only because you can’t find financing with a bank. We may provide you with a loan for up to 85% LTV with an interest starting at 6% per year and a term up to 24 months and an option to renew for a further term. No minimum credit score requirement, no letters of employment, no excessive supporting documentation.
Get in Touch
You’ve got questions, we’ve got answers. Use the form below any hour of the day.
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