Frequently Asked Financing Questions

co-siging-a-mortgage

Co-Signer Guarantor FAQ

If you are looking to take out a mortgage for a home but don’t qualify with a traditional lender, then going in with a co-signer can make the difference between an approval today as opposed to waiting a year or two paying rent and wasting your hard earned money. You ...
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amansad financial

Amansad Financial FAQ

Amansad Financial Services provides residents of Canada with Alternative Mortgage & Refinancing Options. As a Mortgage Broker Professional with DLC Brokers For Life, we focus on Private, Equity, and Alternative Mortgage Solutions. As an Alberta Based Mortgage Broker with DLC Brokers for Life Inc.; Amansad Financial provides traditional bank financing, ...
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renewing-a-mortgage

Mortgage Renewal FAQ

10 FREQUENTLY ASKED QUESTIONS ABOUT MORTGAGE RENEWALS What Happens If I Don't Renew My Mortgage? If you do not renew or have plans to renew, you must look to either switch to a new lender or sell the property. Depending on the lender and the relationship with the lender during ...
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1st-mortgages

15 FAQ REGARDING PRIVATE 1st MORTGAGES

FAQ 1: What is the Difference between a First Mortgage and a Home Line of Credit? Answer: There are a few differences between standard first position mortgage and a home equity line of credit. Standard 1st position mortgages offer fixed rates for a fixed term. Home equity lines of credit have ...
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7 WAYS TO NEGATIVELY IMPACT YOUR LOAN REQUEST

7 WAYS TO NEGATIVELY IMPACT YOUR LOAN REQUEST

1. LYING ABOUT OR OMITTING INFORMATION ON THE APPLICATION Despite better judgment, this is an area that some borrowers will venture to in order to attempt to get better terms or approval for a loan. We have seen the lying from embellished stated tenures at work, to work position, to ...
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PRIVATE LENDING FAQ

FAQ Ebooks

FREE Guides Available for Download ...
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buy real estate e1545929509225

Home Mortgage Qualification FAQ

Why use a Mortgage Broker? Receive professional negotiating expertise. Convenience and access to numerous new mortgage products. Unbiased knowledgeable advice. Access to unadvertised rates. I work for YOU, not the bank. What is the Home-buyers plan? Is a Federal Government Program that allows home-buyers to use $25,000 for each purchaser ...
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Land Loans

8 MOST COMMON FAQ REGARDING LAND FINANCING

1. How Much Down Payment Is Required To Buy Land In Canada? Answer: The required down payment for land varies based on credit, and the lender type. If you are buying residential land with the intention to build and once have good credit, some credit unions will approve with 25% ...
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Foreclosure Process in Alberta

Foreclosure Process by Province

Select the appropriate Foreclosure Process Downloadable PDF based on your Province ...
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IPR Agreements FAQ

Understanding IPR Agreements: FAQ

When it comes to setting up IPR agreements, there are several common questions that we get from our clients. We’ve put together this page to help clients find basic information as they start exploring the process. If you have other questions, reach out to our mortgage specialists so that we ...
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refinancing

Reasons to Take Out a Home Equity Loan or 2nd Mortgage

At Amansad Financial, a lot of customers come to us with questions about home equity loans and 2nd Mortgages. We have helped people save money by paying credit card balances off by taking out loans against their home’s equity at a far lower rate of interest than what they were ...
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approved

Refinancing FAQ – PRIVATE 2ND MORTGAGE, EQUITY LOANS

What is the Difference between a Second Mortgage and a Home Equity Line? Answer: There are a few between second mortgage and home equity lines of credit. Second mortgage offer fixed rates for a fixed term. Home equity lines of credit have rates that fluctuate with the prime rate for ...
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consumer proposal

FAQ: Things to Know about Consumer Proposals

If you find yourself overwhelmed by the debts that you have accumulated, one way to avoid having to file bankruptcy is to put together a consumer proposal – a payment plan for your creditors. When you put that proposal together, that is the starting point for negotiations with your creditors ...
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Private Mortgage Lending Questions

Private Mortgage Lending Most Common Questions

If you are trying to take out a mortgage to buy that new house, but you’re having a hard time getting financing from a traditional lender, a private lender can step in and get you into that home with a short-term note that gives you the time to get your ...
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Rent to Own FAQ

Rent-to-Own, Lease-to-Own FAQ

Great Questions to Ask Yourself before Entering Any Rent-to-Own, Lease-to-Own, or like agreement. Q. Is the initial contact made by a consultant, such as by an unsolicited phone call, letter, or e-mail? We always suggest that if you receive a call like this, you confirm how the company received your ...
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stop foreclosure e1545929434325

How to save your home during the dreaded foreclosure process

For the homeowner, foreclosure is one of the most stressful experiences that you can go through. The largest investment you are ever likely to make is in your home, and the mortgage payment likely represents the largest chunk of your budget. If you find yourself behind a mortgage payment or ...
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