quick loansI wanted to let you know about a new quick loan product available to Ontario Mortgage Deals clients that are homeowners in Ontario. Because it’s a new and innovative product, I wanted to share the news with you as soon as it became available to me. It’s very easy to apply for! Here are the details:

  • Loans from $3,000 to $30,000
  • Cash in your bank within 48 hours
  • Simple one page application
  • No legal costs (save a minimum $1,000)
  • No appraisal costs (saves you $300-$500)
  • No up-front fees or costs (no out-of-pocket costs)
  • Amortized over up to 120 months (10 years)
  • Fully open: therefore it can be repaid at any time with no pre-payment penalties
  • Competitive interest rate of 8.99%
  • This is not a mortgage
  • It doesn’t show on your Credit Report

The money can be used for any purpose.

This product can be registered in the 1st, 2nd or 3rd position, but it’s not a mortgage, so it’s not going to show up on your Credit Report. This is just one of the ways mortgage brokers serve our clients better than banks – innovative products and services!

Who can use this:

  • AAA clients who need a quick loan to pay off credit card debt, vehicle loans, lines of credit, etc.
  • Anyone who needs to lower their monthly payments (car, credit cards, loans) to qualify for a new mortgage under the new B-20 guidelines.
  • Clients who need to improve their GDS/TDS ratios.
  • Anyone who wants to do some repairs or renovations to their home, without going through the trouble of getting a line of credit, or secured VISA card.

Please feel free to give me a call, I’d be happy to explain how this works and how it can benefit your financial situation.Call me to apply  Email me to apply

Your trusted mortgage advisor for life,

Boris Mahovac

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