FAQs

Frequently Asked Questions about Mortgages

This is what Freedom Capital’s whole philosophy is based on.  We DO the deals that the banks DO NOT do.

Banks approve loans based on two major factors, A: your credit score and B: your net income.  If your credit score isn’t at 680 and your income isn’t high enough to debt service your mortgage and your other credit facilities, you will NOT get approved. “You are not a number to us”! We take the common sense approach in approving your loan.  No red tape, no waiting for weeks.  We simply require the equity and we will provide you with a viable, no-obligation option.

Let’s compare apples to apples. If the bank has declined you, then NO, we are not more expensive. We are providing you with a solution. We are not paid on the rate. We work hard to get the best possible terms in the market.

The lower rates are only available from the banks. We strongly recommend you contact your local bank and see if you can get approval. If for any reason you get declined, we can help!

If the bank is not giving you money, then no, we are not more expensive. We take pride in providing viable options for a purchase or a refinance.

We are a solutions provider.  We can help get you started in real estate rather than a straight NO from your local bank.

We absolutely do! We thrive to be experts in this field. With lower equity requirements, flexible draw schedules, and with up to 85% Loan to Cost ratios, developers are thriving on their projects.

This is our specialty!  We can provide flexible options on ‘land only’ financing. Once you have successfully rezoned the land, you have then gained substantial equity with an increase in value. If required, we can then provide you with servicing and construction loan options.

Absolutely! Unlike the banks who require your down payment to be in your account for 90 days, we can leverage the equity you have in other real estate assets and potentially approve you for up to 100% of your transaction.

Freedom Capital has one of the fastest turnaround times in the industry. Subject to the type of mortgage you are applying for, we can potentially get you an approval in 24 hours.

Absolutely. This is a HUGE tax-saving mechanism for many investors. Banks require 2 to 3 years of positive cash flow to approve you for a commercial loan. We WILL give you a mortgage under a brand new Hold Co so you save thousands in taxes on your personal income taxes.

Private financing serves as a backup plan in case the banks decline you for whatever reason. May it be bad credit, low income, new to Canada, or any other reason, we can help with an alternative solution to help you get into the real estate world.  Once you have met the bank’s criteria, simply go and refinance.  Why wait and pay rent when we can provide alternative viable options?

You absolutely can.  We do not approve your loan request based on your credit score or net income.  We simply look at Equity when approving your loan.  It’s that simple.

If it’s the rate you’re looking for, no need to pay us.   Simply walk into your local bank.  We are not looking to take your hard-earned money.  We are not like other typical mortgage brokerages who dabble in conventional, private, and commercial deals. We call this the ‘Generalist’ approach. Why pay a broker to get you a bank loan? We are specialists in Alternative financing.  If the bank declines you, we’ll be thrilled to help and provide a no-obligation alternative.

Whether it be a 50k loan or a 150M high-rise construction facility, over the years we have solidified our national lender relationships to provide whatever funding requirements you may have.

We base all our loans on equity and not your income or credit score.  If you are late on your current mortgage payments, we can look at refinancing options and save your home from a potential demand/foreclosure.

We have repeatedly helped developers complete their projects due to unforeseen cost overruns or simply because of a decline in the market.  We specialize in creative mortgage options.  We thrive on solving problems and seeing our borrowers get ahead.

Yes!  We simply look at equity.  We can help with your real estate transaction whilst you then mend your credit score.  We’ll put you in an open mortgage term so can sell or refinance with your local bank when you’re ready.

Yes.  No red tape like the banks.  If you have the equity, we’ll have a mortgage for you.  Simple.

We help hundreds of people reduce their high-interest consumer debts.  As long as you own real estate and have the required equity, we can for sure help reduce those high monthly obligations into one low manageable payment.

You don’t want to mess with the tax man. Banks do not refinance your asset to pay CRA debts especially if they have placed a lien on your property.  Freedom Capital CAN help.  We will refinance your home or commercial property via a 1st or 2nd mortgage and help pay off that interest accruing debt.  You then look at options to refinance at your bank at a later date.

Life happens!  We have helped numerous people refinance and provided funds to pay out and take the ex off the title. If these assets have the required equity, we will get you the money.

We have helped hundreds of people who have been declined from the banks and helped them with a construction or reno loan and helped them gain equity on their old existing assets.  Yes! We help you make money!

We absolutely do!  Do not sell in a down market!  You’ll for sure lose money.  We can provide flexible ‘open’ term options so you can market your product and sell at fair market value without having the gun to your head.  We will even PREPAY the mortgage so you are not paying monthly payments whilst you are waiting for your real estate inventory to sell.

If you own other real estate assets, we can provide up to 100% financing by leveraging the equity in those assets.  Unlike the banks, we DO NOT need your down payment verified in your account for 90 days.

Yes!  Unlike banks, we do not base your approval on your credit score.  We simply look at equity to approve you. If you have the equity, we have the options.

It’s not more expensive if the banks are NOT giving you the money.  We are a solutions provider.  We will be happy to provide you with options without any obligations.  We thrive on helping our customers get into the real estate game.

If it’s the rate you’re looking for, no need to pay us simply walk into your local bank.  We are not looking to take your hard-earned money.  Unlike other typical mortgage brokerages, they dabble in conventional, private, and commercial deals. We call this the ‘Generalist’ approach. Why pay a broker to get you a bank loan? We are specialists in Alternative financing.  If the bank declines you, we’ll be thrilled to help and provide a no-obligation alternative.

Yes!  Unlike banks, we do not base your approval on your credit score.  We simply look at equity to approve you. If you have the equity, we have the options.

We have even gone to court to help our clients out of foreclosure.  We all know that once your asset hits the market in foreclosure, it potentially sells way below market value.  We will help you save your equity and your home.  If you have the required equity, we will do all we can to save your family asset.

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