Sudbury Consolidation Loans

Consolidation Loan

It can be very stressful trying to deal with phone calls from several lenders demanding payments daily for debts that you may owe and may not be able to pay. A way to cut down the stress if you are a home owner, is to consolidate all of your debt into a single loan with one easy monthly payment. Consolidating your debts will give you peace of mind and stop those harassing phone calls.
In Sudbury consolidation loans are provided by a number of lenders to help people consolidate their debt. The debts could be car loans, credit card debt, unsecured loans, personal loans, medical bills or divorce settlements.
A professional mortgage broker can help you through the process of getting approved for this kind of loan or mortgage. Sometimes a second mortgage may be preferable. Other times it may be better to consolidate by refinancing all of the debt into a new first mortgage. It really depends on your current set of circumstances.

Steps to Sudbury Consolidation Loans

1. The first step is to call a professional mortgage broker such as expert Mortgage to help you through the process.
2. You will need to complete the mortgage loan application so that the lender can see what your complete financial picture is
3. The brokerage will complete a credit check and review it with you. Any credit issues will be addressed with you by your broker
4. The application is then sent to lenders for approval
5. If the application is a approved by a lender, then the lender will send a Commitment Letter explaining the terms of the mortgage or loan
6. You will then meet with the broker when he or she will review the offer from the lender including any legal fees, lender’s fees, broker fees etc
7. After the paperwork is signed is is sent to your lawyer and lender.
8. The lender then sends the mortgage documents to the lawyer for you to sign.
9. After the mortgage documents are signed, the mortgage is registered on the title of the property
10. The funds are released by the lender and the mortgage is closed.

It is normal to have all kinds of questions through this process. For someone who is not trained in this kind of work it can be quite a daunting process. This why a mortgage broker can be so helpful when trying to apply for consolidation loans. Since they do this every day for a living, they are the best ones to go to to help guide you through this process.
An independent broker is better because they deal with many different lenders and banks. Each bank has a different policy and criteria for loaning money. It can be extremely time consuming to go around all of these different lenders to only find out that they do not have a product to meet your particular needs. It is also very unlikely that you would be aware of many of the sub-prime or b lenders who may be able to help you in your particular set of circumstances.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON