Get Great Rates on Short Term Loans with your Home's Equity

Here are the top 4 reasons why adding a 2nd mortgage can actually improve your financial picture: you can reduce your total interest costs, you can consolidate debt (which offers a number of benefits), you can increase the equity in your home through repairs and renovations, and, while you're at it, you can repair your credit rating. Get a quote today.

Nearly every financial advisor will confirm: consolidating your debt is a good idea. If you're juggling too many due dates each month, dealing with too many creditors, and paying too high an interest rate on any of your debts, use the equity in your home to borrow more economically. A consolidation loan that bundles all of these bills into one affordable payment to a single payee is the solution.

In 2002 Marcus joined MorCan and began working closely with various lenders to build brand recognition and strengthen relationships. His ability to develop strong reciprocal relationships allowed him to help various lenders craft mortgage products that catered not only to the mortgage broker channel, but to the needs of both the homeowner and the investor. Marcus has helped MorCan cultivate a mortgage portfolio of more than 2 billion dollars in residential and commercial mortgage origination. In the years since, Marcus expanded the business and launched Cannect in 2017 to provide affordable home equity loans.

A home equity line of credit, or HELOC, is tied directly to the equity you have in your house or condo; your current income or credit history has no bearing on the matter. The math is simple: we confirm the value of your property, deduct your existing mortgages from that figure, and give you access to up to 90% of the net balance. For example, if your property is worth $750,000 and your outstanding mortgage is $400,000, with Cannect you may borrow up to $315,000 with a HELOC, regardless of your income.

The only thing that will remain constant is uncertainty in the market. Will mortgage rates go up? Should you lock into a fixed rate now? Variable rate mortgages (VRM) aren't for the feint of heart, but a VRM will probably save you some money over the next few years, if you choose the right one and protect your interests. For example, make sure you set your amortization schedule properly in case rates go up. And pay attention to the indicators so you can identify the right time to switch to a fixed rate mortgage, or work with a mortgage broker (like us!) who will do this for you.

The Bank of Canada looked at competition in the Canadian mortgage industry and concluded, among other things, that borrowers who use a mortgage broker pay less than those who deal with lenders directly, and that lenders maximize their profits based on observing the preferences and skills of their clients with respect to shopping and bargaining for a mortgage. Further, consumer loyalty allows banks to charge higher mortgage rates to their existing clients, while they offer larger discounts to new clients. The solution? Call Cannect.

A mortgage from Cannect stands alone in a market of catches and hidden fees. It's simple: we guarantee that you will lock in your variable mortgage at the lowest rate in the market! In addition to our great rates, you will also discover the value in dealing with our team of well trained professionals. We will keep you informed with updates on financial markets and advice from Canada's leading economists on when to lock in your mortgage and how to pay your mortgage down faster. Best of all, our services cost you nothing.

Approaching the banks can be a scary thing, but you don't need to face them alone ever again. Even if you've had some tough luck, even for those with bad credit, mortgage financing is always available. Let us negotiate on your behalf, and have the banks competing for your business instead. We work for you right up until your closing date, and beyond. Our mortgage experts never stop looking for the best rate on your mortgage. If it turns out that you can save even more money a year or two from now, we'll get in touch and make sure you don't miss out.

Cannect is a dominant force in Toronto's mortgage market with over 14,000 clients and $2 billion in mortgages. By working with so many clients to secure mortgage financing and refinancing we are able to pool large volumes together and obtain extremely competitive rates and terms for our clients. We are extremely confident that we will be able to find the solution that is best for you.

If you're starting to think about buying a home and applying for a mortgage (or you're already in the thick of it), remember that your pre-approved loan amount may overestimate what you can actually afford to pay. Stay within your budget so you'll be able to comfortably afford your new home. Don't underestimate the extra costs that will become part of your new life as a homeowner. Most importantly, don't go directly to your bank for a mortgage - they won't always offer the lowest and best rate like we can. We will find you the perfect package with the lowest rates.

We have been breaking mortgages for years and have no doubt that we can break your mortgage more cheaply and efficiently than anyone else. How much is an hour of your time worth? If you invest an hour (or less) to give us some basic information, we'll take it from there. All the paperwork, contacting the banks, we'll do it all, and your potential savings could be hundreds of dollars a month. Isn't it time to get started? Give us a call to discuss your unique situation today or use our live chat.

We know that you've worked hard to build up equity in your home. You should be able to access that equity to create a more secure financial footing. Using credit cards or expensive loans that are hard to pay down is not the right way to manage debt. At Cannect, our services are designed to get you the best interest rate, without incurring penalties, by finding the right mix of mortgage and home equity line of credit products, with the most beneficial terms, for your unique situation.

Your mortgage is valuable! Your business is valuable! It is time to start being treated that way. Whether you don't like what you are being told at your bank or you just feel as though a second opinion on your debt could save you some money, talk to the mortgage agents at Cannect.

Whether it is purchasing, refinancing, debt consolidation, a second mortgage, or a private mortgage, we are mortgage specialists. We have the capability, experience, and dedication to make sure that our clients are satisfied.

Typically, a second private mortgage lender is protected by your collateral, yet still tends to be inflexible despite this security. A loan through Cannect is different, because our focus is on your financial health over the long term. We know that lower interest rates and flexible terms allow you to make borrowing adjustments over time, moving money when it's appropriate, saving interest costs and avoiding penalties.

In the dynamic and ever-evolving real estate landscape of Toronto, finding the right financing solution for your property can be a challenging task. Traditional lenders often come with stringent criteria and a time-consuming approval process, leaving many potential homeowners and investors searching for alternative options. One such alternative that has gained traction in recent years is turning to private mortgage lenders. In this article, we'll explore the reasons why using a private mortgage lender in Toronto can be a game-changer and how Cannect, your trusted financial partner, can help you navigate this path.

Flexibility in Approval Process:
Traditional lenders typically follow a rigid set of guidelines, making it difficult for individuals with unique financial situations to secure a mortgage. Private mortgage lenders, on the other hand, offer a more flexible approach. They consider a broader range of factors beyond just credit scores and income, allowing for a more personalized and accommodating approval process. Cannect understands the importance of flexibility and works closely with private lenders who are open to various financial scenarios.

Quick Turnaround Time:
In the fast-paced real estate market of Toronto, timing is crucial. Traditional lenders often involve lengthy approval processes, which can lead to missed opportunities. Private mortgage lenders are known for their agility and quick decision-making. Cannect recognizes the urgency in securing financing, and through our network of private lenders, we strive to provide swift and efficient solutions for our clients.

Customized Loan Structures:
Private mortgage lenders offer the advantage of creating tailored loan structures to meet the specific needs of borrowers. This customization allows for more creative financing solutions, such as interest-only payments, flexible repayment terms, and unique amortization schedules. Cannect's expertise lies in understanding your financial objectives and working with private lenders who can craft personalized mortgage solutions that align with your goals.

Access to Non-Traditional Properties:
Traditional lenders may be hesitant to finance non-traditional or unconventional properties. Private mortgage lenders, however, are often more open to funding properties that fall outside the typical lending criteria. Whether you're looking to invest in a fixer-upper, a commercial property, or a unique residential space, Cannect can connect you with private lenders who understand the value and potential of diverse real estate opportunities.

Credit Challenges Are Not a Barrier:
Private mortgage lenders are more willing to work with individuals who may have faced credit challenges in the past. Cannect recognizes that life's unexpected twists can impact credit scores, and we strive to provide options for clients who have faced financial setbacks. Private lenders often focus on the current value of the property and the borrower's ability to repay rather than placing undue emphasis on credit history.

In the bustling real estate market of Toronto, a private mortgage lender can offer the flexibility and personalized approach needed to navigate the complexities of property financing. Cannect stands out as a reliable and experienced partner, connecting clients with a network of private lenders ready to provide innovative and tailored mortgage solutions. If you're looking for a financing option that aligns with your unique needs, consider the advantages of working with a private mortgage lender through Cannect to unlock new possibilities in the Toronto real estate landscape.

Cannect is a private lender, but different. The key is flexibility. Our objective is for you to gain access to the equity in your home today, without restricting your ability to make new decisions or creating an even more difficult financial situation in the future.

Many borrowers look to private loans to fill an immediate, usually short-term need, and they've found that the majority of traditional lenders offer solutions that only add to the hardship. At Cannect, we carefully evaluate all the variables that will impact your borrowing decision, and we work diligently to co-create with you the best possible outcome, not only to fulfill the immediate need, but to provide for the best possible financial future. This means designing the right borrowing plan for you today, which helps ensure that you can borrow for even less in the long term.

If you're thinking of a second (or third) mortgage with a private lender, take a few moments to learn how a CannectFlex loan is a better option. CannectFlex loans are designed to give you flexibility... to access your home's equity quickly and with minimal documentation, to move the money you borrow to a lower interest rate mortgage and save thousands of dollars in interest, to avoid steep mortgage refinancing penalties, to make new decisions about your borrowing as your situation changes.

As the heartbeat of the Canadian economy, Toronto is a thriving hub for small businesses. Whether you're looking to start your dream venture or expand your existing enterprise, securing the right financial support is vital. This is where Cannect comes into play. In this article, we'll explore how Cannect can be your trusted partner in accessing small business loans in Toronto. Small Business Landscape in Toronto

Toronto is home to a diverse array of small businesses, from quaint boutiques in Kensington Market to tech startups in the vibrant Liberty Village. With such diversity, financing requirements also vary. Many small business owners in Toronto often seek financial assistance to cover operational expenses, fund expansions, or navigate seasonal fluctuations.

Cannect: Your Financial Partner

Cannect is a name that's been gaining prominence in the Toronto small business community for its tailored loan solutions. Cannect is not your typical lending institution. Instead, they prioritize personalized, flexible, and accessible financial services, making them an ideal partner for small businesses.

Why Choose Cannect for Your Small Business Loan?

Tailored Solutions: Cannect understands that one size does not fit all. They work closely with you to design a loan that matches your unique needs and goals.

Fast Approval: Time is of the essence for small businesses. Cannect's streamlined application process ensures quick approvals and funding, helping you seize opportunities as they arise.

Competitive Rates: Cannect offers competitive interest rates and fees, ensuring you get the most cost-effective solution for your business.

Personalized Support: The team at Cannect is dedicated to guiding you through the entire lending process, providing expert advice and answering all your questions.

Accessibility: Cannect takes a flexible approach to eligibility, making loans available to a wide range of businesses, including startups and those with less-than-perfect credit histories.

Local Expertise: Being based in Toronto, Cannect understands the local business landscape, regulations, and unique challenges that small businesses face in the city.

Toronto's small business community is a dynamic and evolving ecosystem. Access to flexible, customized small business loans is essential for success, and Cannect is here to provide just that. Whether you're starting a new venture or aiming to grow your existing business in Toronto, Cannect's financial solutions are designed to empower you on your journey. Reach out to Cannect today and explore how they can help you achieve your entrepreneurial dreams. Small business loans in Toronto have never been more accessible and tailored to your needs.

Simplify how you use the equity in your home and gain long term financial flexibility with Cannect. Even if you already have a third mortgage on your home, our goal is to find you the short-term solution that provides the best long-term value. By keeping the long-term goal of the lowest-possible interest rate and the fewest penalties & fees in mind, Cannect will find the most effective way for you to borrow money.

A home equity loan is different from a standard mortgage. If you're having trouble borrowing from your bank based on your personal income, talk to us about borrowing based on the equity you have in your home. We can help.