We know there are many reasons why Toronto homeowners may be looking for a loan. Whether it’s any of the following reasons, or another, we understand, and we don’t pry.
Paying off a credit card
Making a large purchase
Expanding a business
Planning a wedding
If you’re a home or condo owner, we can help. Regardless of credit or income, we confirm the value of your home, any outstanding mortgages, and find the lowest loan rate for you.
How are interest rates calculated?
Interest rates are calculated based on risk. Risk is determined by the amount of equity in your home, your credit, and your current income. The more specific information we have from you, the more we can lock in your lowest interest rate.
Why Cannect will work for you
Even if you’re having trouble borrowing from other lenders or your bank, Cannect can help because our loans are based on your home equity, not your personal income or credit.
Are interest rates the only charges?
Interest rates are ongoing for the duration of the loan, but there is a setup fee. In order to secure your loan, a lawyer will need to be present at your property to verify ownership and confirm the agreement with you. We need to pay them, so there is an upfront fee to cover legal and related administrative costs for setting up the loan. You can expect this fee to be no less than $750 dollars, and you can confirm the expected fee without any obligation.