Step 1

Call, Email, or fill out our Online application and let us know how we can help you. One of our representatives will review your inquiry, and we can pre-approve you in minutes.

Pre-Approval

Getting pre-approved for a loan gives you more credibility when looking for a home. Sellers prefer to work with those who have been pre-approved because it shows you are financially capable for homeownership. Pre-approval also saves you time when shopping the residential market because once pre-approved, you will know exactly how much you are able to borrow from a lender. Knowing your price range can save you time so you avoid viewing homes outside your budget.

Contact our office at 416-466-3744 to get pre-approved today!

Step 2

Once pre-approved, we will match you with the best mortgage option available regardless of your credit. We will free up the equity in your home and get you the cash you need to pay off your debts or take that dream vacation.

If you are in the market for your first Toronto mortgage, then we have the services for you. We specialise in getting you the best deals on the market because we have access to multiple different lenders. We will do all the work for you and negotiate on your behalf to ensure you get the exact rates you want. Working with more than 30 different lenders also means you have access to hundreds of different products available on the market.  This differs from banks because banks are more restricted on their products. They can only provide what is available at their institution, which generally ranges from 4 to 5 products only. Banks also work with fixed rates so they will be less likely to compromise for cheaper deals.

Mortgage Options

Conventional mortgages: At least 20% of a down payment needs to be paid toward your home in order to get a conventional mortgage. This option typically has better rates and a low loan-to-value ratio.

High-ratio mortgages: This is for borrowers who cannot pay at least 20% of their down payment. This means the loans have higher interest rates since more risk is involved. Getting a high-ratio mortgage means you will have to obtain mortgage insurance. Contact your Toronto mortgage lender for information on mortgage insurance.

Fixed Rate Mortgages: This is where the lenders offer a fixed rate towards your monthly payments, for the duration of your loan. The rate will never change. This is a great option if you like to budget because you will know exactly how much you owe and how long it will take you to pay it off.

Adjustable Rate Mortgages: This option has cheaper initial rates than an a fixed mortgage but it is the more risky option. Your monthly payments are not set in stone and can change overnight.

For any questions or to learn more about our traditional (no cost) first mortgages, please contact the Lending $tation team at 416-466-3744.

To get started on your first mortgage, please apply here!

Second Mortgages

Here at the Lending Station we also specialise in second mortgages.

If you are in the market for a Toronto second mortgage then we have the best services for you. A second mortgage is a great way to tap into your home equity. We can provide Home Equity Loans that allows you to borrow 80% of your home’s value. Your home equity is the difference between your home value and your home loan balance.

A second mortgage gives you a lump sum that can be used for home improvements, paying down additional debt, buying different real estate, for education, investment, or to go on that dream vacation.

To get started on your second mortgage, please click here to Apply.

Step 3

Receive your loan and move on with your life without the stress of high interest debt. Our goal is to improve your cash flow and help you get where you want to be financially.

Call us today and we can help you figure out how much equity you have in your home and how you can access it quickly so you can get the money you need. We are a bank alternative so it doesn’t matter if you have Good Credit, Bad Credit, or No Credit. If you have sufficient equity in your home, we can help. Applying just takes minutes so take advantage of our Free- over the phone consultation 416-466-3744.