Mortgage Solutions | Mortgages365

Mortgage Solutions

Whatever you need, we have you covered!

Second Mortgage

Are you in need of funds to invest in home improvements, invest in your growing business or consolidate debt? “Over-extended” credit card and consumer debt are the number one problem Canadians face today. At Matrix Mortgage Global we understand the seriousness of this problem even though credit card companies want you to ignore the issue. Let Matrix Mortgage Global help you “Free” up to 95% of the equity that you have built up in your home regardless of your creditworthiness.

Your home is one of the most valuable assets you will ever own, and over time, your home can gain value (equity) through your regular mortgage investment which reduces the amount owing on your home; and increases to your home’s market value. A second mortgage also referred to as a Home Equity Loan (HEL) or Home Equity Line of Credit (HELOC), is a loan that lets you borrow against the equity that you have built up in your home without refinancing your current mortgage. A new mortgage program with restructured home equity can shrink your credit card debt and consumer loans.

Mortgage Renewal

You have just received your mortgage renewal letter from your bank – DON’T TAKE THE FIRST OFFER!. Don’t be like the estimated 65% of Canadian homeowners who simply re-sign with their current lender. According to the Bank of Canada, homeowners who use a broker to find and negotiate their mortgage usually pay less than those who don’t. So let Matrix Mortgage Global negotiate on your behalf to get you the best mortgage deal available.

When the term on your mortgage expires it is time to renew your mortgage. However, homeowners should start shopping for their new mortgage well in advance of the actual renewal date. We recommend that you start at least 4 months in advance so that you can negotiate from a position of strength. Start shopping early so that you are not forced into making an uninformed decision that can potentially cost you more. Shopping early will position you to secure a mortgage with better rates and one that may be less restrictive. Being proactive will also ensure that there is adequate time for closing and ensuring you have the time to deal with any unforeseen circumstances. Lenders know that most homeowners don’t like to deal with the hassles of renegotiating their mortgages. At Matrix Mortgage Global we take away that pressure and hassle by shopping for, finding and negotiating the best available deal for you.

Mortgage Refinance

Are you looking to take advantage of lower mortgage rates, combine your first and second mortgages, consolidate debt, invest in home improvements or your growing business? At Matrix Mortgage Global we make refinancing your home simple with our flexible and affordable financing options. Access up to 85% of the equity in your home to meet your financial needs regardless of your creditworthiness

Mortgage refinancing is the process of replacing your current property mortgage or mortgages with a new mortgage. The new mortgage will generally have different terms than the mortgage being replaced because refinancing is usually about taking advantage of changes in market conditions that make it more favorable to refinance. Some of the key reasons for refinancing include leveraging better interest rates or reducing risk by swapping from variable to fixed rate when interest rates start to increase. Regardless of your reason for refinancing, Matrix Mortgage Global will help you achieve your desired goal.

HEL/HELOC

Home Equity Line Of Credit

Are you in need of funds for large expenditures such as investment in home upgrades, your child’s education or a new vehicle; or maybe you just need to have the flexibility to access smaller funds on a revolving basis? Then let Matrix Mortgage Global help you take advantage of our low rate Home Equity Line of Credit (HELOC).

Unlike a standard second mortgage, a HELOC provides you with greater flexibility in the structure, payment terms, financing and access to funds. Although the HEL/HELOC are both based on the equity in your home, a HELOC is structured as available or revolving credit that can be accessed when needed. You are able to access any unused funds up to the loan maximum. The payment terms and amounts are also determined differently. Since a HELOC is structured as revolving credit, your payments are calculated based on the outstanding monthly balance and are usually “interest only” for as long as the HELOC is open. So your monthly payments will be significantly lower than a HEL or second mortgage. If you don’t use a HELOC, there are no payments. Accessing the available funds is done through a credit card or checks.

First Time Home Buyer

Buying your first home can be both exciting and stressful at the same time. It’s also very expensive. For most people coming up with a down payment for a home purchase, is the hardest part of buying a home. That’s why at Matrix Mortgage Global we offer a 5%t down mortgage solution for those clients with excellent credit and a stable income. We also have solutions for those that are Self Employed and “Newcomers to Canada”.