Newmarket Bad Credit Mortgages Now Offered by Newmarket Mortgage Services


18 Nov

Newmarket Mortgage Services is now offering bad credit mortgages from private lenders in Newmarket, Ontario, Canada. The company’s private mortgage lenders offer bad credit mortgages, first mortgages, blanket mortgages, second mortgages and reverse mortgages.

Banks put a lot of emphasis on the credit score when determining whether or not to give the applicant a loan. Newmarket Mortgage Services’ private lenders can approve applicants for a mortgage even if they’ve been rejected by the bank. The company’s lend on the applicant’s home equity instead of credit score.

Newmarket Mortgages Services maintains connections with a large network of private lenders who make bids against each other and provide the best funding for different mortgage situations. As a fully independent company that is dedicated to providing the highest quality of service to each client, Newmarket Mortgages Services offers the best mortgages rates in the area to help homeowners get the funding they need regardless of their credit score. The company can arrange both residential and commercial mortgages that are compounded semi-annually and arrange a payment schedule that suits the client’s needs. Newmarket Mortgage Services also offers a mortgage refinance program that allows applicants to consolidate their debt into one mortgage that’s worth up to eighty percent of their property’s value. The company considers the Loan-to-Value ratio that measures what percent of the home equity belongs to the homeowner. The mortgage refinance program offered by Newmarket Mortgage Services will cause the homeowner to break some previous contracts and pay for penalty fees for those agreements. Penalty fees are determined by the interest owed. Depending on the situation faced by the homeowner, a second mortgage may be a better option. The company’s mortgage refinance program also allows homeowners to combine their student loans, smaller debts, credit card and other debts into one low interest mortgage that is secured against their home. Homeowners can use the money for any purpose they have in mind including home renovations, education and investment.

Newmarket Mortgage Services can also help those who are facing eviction or power of sale. Since a power of sale is a quick process, homeowners should act as soon as possible to protect their properties. Newmarket Mortgage Services can provide the assistance and advice they need.

For more information, feel free to visit Newmarketmortgageservices.ca