Mortgages Funded quickly usually within 24 hours
Emergency Mortgage
Quick Closing, Fast Mortgage
Today’s housing markets in Toronto, GTA and across Ontario are very competitive. This is making it harder to work within the constraints of traditional banks while meeting stringent requirements. Things happen quickly, and unexpectedly, such as a mortgage falling through at the last minute or paying more than planned for a dream home. Life also hands us emergencies, and unplanned situations happen all the time. Find relief with quick and fast access to mortgage options to help with a purchase or access your home equity.
Square Capital offers innovative mortgage solutions working with banks and private lenders to provide borrowers with fast 24-hour mortgage funding options (subject to terms and conditions).
Mortgage Solutions in Toronto, GTA and across Ontario
Fast and Flexible, regardless of Credit
When you need to close your mortgage quickly, we can help you fund fast. From mortgage refinancing to second mortgages, we strive to get funds to you in 24-hours. There are definitely life events where borrowers need access to cash quickly for emergencies or unplanned expenses. Or when your bank denies your mortgage at the last minute – yes this can really happen. Banks often deny mortgages for reasons such as an appraisal coming in lower than your purchase price or your mortgage application details are inconsistent. We offer innovative mortgage solutions to residential and commercial mortgages.
For life’s unplanned expenses like an urgent home repair, home renovation, home improvement or car purchase that needs to happen fast or securing a mortgage for a rental property, we provide an alternative to traditional bank loans with competitive rates. Timeliness to diversify financial portfolios also matter and borrowers want to leverage their home equity for investing or seek loans for investment. At Square Capital, our mortgage broker network provides access to private lenders who work to fund mortgages as quickly as 24 hours. Private lenders also offer more mortgage options and therefore flexibility for your unique scenario.
There are factors to consider and with a quick mortgage, working with the right mortgage brokers and agents can help determine your options. Mortgage experts have worked with borrowers in situations with last-minute closings, bad credit or are self-employed to provide alternative lending options.
Questions about Quick Closing, Fast Mortgages
Working with our private mortgage network, our specialized team of mortgage brokers are experts in efficiency. Usually, we can fund within 24 hours, unless there are discrepancies to the information provided (subject to terms and conditions).
Generally, banks will cancel mortgages at the last minute if there are discrepancies with; the mortgage application, document you have submitted, income and employment, issue with your credit report (bad credit), appraisal and/or title issues. There are many more reasons that allow banks to decline funding your mortgage.
We offer quick and fast closing on most mortgages including; new purchase, bad credit mortgage, renovation mortgage loans, debt consolidation mortgage, second mortgage, loans for investment and self-employed mortgage.
Are you ready to get your mortgage?
Contact us today to get a free quote. We will help you understand the current market conditions affecting the mortgage market! Prequalify without affecting your credit!
Innovative Mortgage Solutions
Simple and Quick Mortgage Loan Approvals
It’s the quickest way to resolve an unplanned expense.
With access to many options, we help navigate and secure suitable mortgages possibilities
Life doesn’t always go as planned. We help get your finances in order while boosting your credit score.
We know it’s complicated proving income earned and work with lenders who understand this.
Our Mission
Why People Choose Us
Fast/Quick Mortgage
Have your mortgage within 24 hrs, subject to terms and conditions
Best Rates, Flex Terms
Competitive mortgage loan rates with flexible 3 to 12-month terms
Rebuild Credit
Boost your credit within 90 to 120 days
Custom Payment Plan
Partial or zero payments for up to 12 months
Related Services Offered
Other Mortgage Options
Home Equity Line of Credit (HELOC)
Access your home’s equity to use as much as you need and only pay the interest.
Read MorePrivate Mortgage
For different life situations, private lenders help with access to short-term, interest-only mortgage loans.
Read MoreReverse Mortgage
Canadian homeowners 55 and older can access up to 55% of their home’s value.
Read MoreSecond Mortgage
An alternative option for homeowners to access their home’s value to consolidate high-interest debt, without paying penalties.
Read MoreOther mortgage options
Homeowners have choices and can consider options to leverage their home equity. Depending on the product, these options may have slightly higher interest rates.
Home Equity Line of Credit (HELOC)
There are different products that provide flexibility for the most suitable mortgage loan options such as home equity lines of credit or HELOC. A HELOC still enables access to the home’s equity, just in a different way. Instead of a single (or lump sum) payment, a HELOC provides on-going access to a certain amount of money, similar to a credit card, with a lower rate. The amount of the HELOC depends on the value of the home.
The benefit of a line of credit is that payments are interest-only payments and homeowners can access it when needed. Downsides include variable interest rates and access to the total amount of the HELOC, which could lead to more unwanted mortgage debt. That being said, there are opportunities to lock in rates to protect monthly mortgage payments.
Private Mortgage
When homeowners cannot qualify for a mortgage to refinance through a bank mortgage debt consolidation or a home equity line of credit (HELOC), private mortgages may be an alternative. Since private mortgage lenders will secure a mortgage debt consolidation against a home, the interest is usually lower than high interest debts like credit cards.
Private lenders usually charge a higher interest rate and fees than a bank, given the higher level of risk, however, this option still reduces interest costs over time. This is because these lenders understand that situations exist such as quick turnaround for financing, bad credit, stated income, and non-conventional properties.
Typically, private mortgages are shorter-term products and only require the interest portion to be repaid. Private lenders evaluate risk differently than traditional lenders and will consider the borrower’s ability to repay which is beneficial to self-employed and people with bad credit. Private lenders can also provide debt consolidation options through second mortgages.
Second Mortgage
Borrowers unable to qualify for a mortgage refinance leveraging equity, could consider a second mortgage. A second mortgage will provide the option to consolidate loans with higher interest into a lower rate option. While interest rates for second mortgages tend to be higher, it will save money on interest costs over time. Speak to a mortgage broker to understand the costs associated with a second mortgage.
Reverse Mortgage
An option available to homeowners 55 and older is reverse mortgages that provide access to the home’s equity without having to sell. Reverse mortgages allow homeowners to borrow up to 55% of the value of the home. The concept of this mortgage is essentially a reverse loan that means there are no payments required. Payments will be made either in monthly payments or in a lump sum payment to homeowners. Homeowners will pay the reverse mortgage loan when they move, sell or the last borrower dies. Typically, the interest rate is higher, and there are fees additional associated with reverse mortgages.
Debt Consolidation Mortgage
To understand if a debt consolidation mortgage or a HELOC could be suitable options to consolidate debts, and help get your life back on track, contact Square Capital Mortgage Brokerage. We understand each case is unique and there are many factors to consider including homeowners with bad credit or low income. Unlike traditional lenders like banks and financial institutions, with very strict lending terms, Square Capital works with over 50 lenders, including private lenders, to find the right solution for our clients. Our expert mortgage brokers and agents will help to find solutions to lower your monthly payment and reduce or stop the interest on your debt. Lower monthly payments every month reduces the chances of financial default while improving your credit and managing your money wisely.
Learn more about leveraging home equity for products such as mortgage refinance, home equity lines of credit (HELOC), and second mortgages.
Budget Planning and Expense Tracking
While products like debt consolidation mortgages, HELOCs, and private mortgages are tools to financial freedom, managing debt is the key to success. Practicing better money management in daily life like budgeting, monitoring spending, and saving. There are many free online apps that can support homeowners to achieve financial freedom and get better at managing money.
Get Started with your Quick Closing, Fast Mortgage
Getting a vacation and second home mortgage can be challenging and overwhelming at times. Square Capital can help you get the best vacation and second home mortgage options for you. We can help you lock your rate and know exactly how much you can afford. Start your vacation and second home mortgage online.
Questions? We’ll Put You On A Right Path!
Contact us today to get a free quote. We will help you understand the current market conditions affecting the mortgage market! Prequalify without affecting your credit!
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