Find the Best Mortgage Solution for You
The Most Popular Types of Mortgages
There are many factors to consider when choosing your mortgage type for the first time. Square Capital Managment Inc. can help you get the mortgage that best suits your need.
Private Mortgages (First and Second Mortgages)
Are you worried about not getting your first mortgage approved? We can help you with a wide range of lenders we deal with.
With the average credit card interest rate being 15%+, you can save a lot of money by leveraging a second mortgage. You can use the extra money from the second mortgage to pay CRA arrears, pay credit card bills, pay kids higher education, pay Property Tax arrears, or renovate your home.
Due to many restrictions, it is hard to get a mortgage approved from the banks and the mono lenders. Private mortgage lenders are a little lenient toward lending without many restrictions, unlike a bank. We can get you the money you need even if you have bad credit.
Purchase, Refinance, and Switch Mortgages
When you find your new dream home, where do you start? Getting a mortgage to purchase a new home can sometimes be confusing even for an experienced homeowner. If you are a first time home buyer, the task can be daunting.
The good news is that we have access to over 60 mortgage lenders & we can customize a mortgage to meet your special needs & goals. You can purchase a property with as low as 5% down. We can get you a no-obligation free quote and the rates can be locked up to 120 days.
Home Equity Line of Credit – HELOC
One of the biggest perks of homeownership is the ability to build equity over time. You can use that equity to secure low-cost funds in the form of a Home Equity Loan or a Home Equity Line of Credit (HELOC). Home Equity Loans and HELOCs both use the equity in your home that is, the difference between your home’s value and your mortgage balance as collateral.
A Home Equity Line of Credit is different from a Home Equity Loan. A Home Equity Loan is a one-time lump-sum payment, up to 80% of your home’s value, whereas a Home Equity Line of Credit is a revolving credit, much like a credit card. You only have to qualify and be approved for a home equity line of credit once and you can access your Home Equity Line of Credit whenever you want.
Squre Capital Managment Inc. specializes in finding the best Home Equity Line of Credit. We can tap into a wide variety of lenders including private lenders. If you need assistance in calculating your property value or equity, call us!
Obtaining construction financing from your bank can be a stressful exercise. The traditional methods observed by banks can be rigorous and time-consuming. If your bank is not providing the help you deserve with new home construction, then Square Capital Management Inc. can provide a construction mortgage that will suit your need. We have many flexible construction financing options that can get your new build completed with less stress and better drawdowns than a bank.
- You can use the first advance to help with the purchase of the land you’re building on
- Draws usually happen every 30 to 45 days
- Prior to draws, an appraiser will perform an inspection
- Draws are based on project completion status
Once the house reaches 97% completion, we will help you to convert your mortgage to the bank.
Self Employed Mortgage Solution
Square Capital Management Inc. also offers lending solutions for self-employed borrowers without the traditional third-party validation of income. Typically, this requires a minimum of 35% down. However, it can be done with as little as 10% down through Genworth’s Alt. A program.
Our highly personalized self-employed mortgage solution works closely with our associated lenders to complete the financing with as low as 10% down.
We believe the best place to retire is in your own home. Are you 55+ years old? Do you own your home? A Reverse Mortgage is a loan secured against the value of your home.
This product allows you to access your equity in your home tax-free in one lump sum or regular installments. What you do with the money you receive is up to you. All you are responsible for is the property taxes, insurance, and to keep your property well-maintained.
Call us today to start your retirement with ease.