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Flexible 1st, 2nd & 3rd Mortgages

Ontario Wide Lending

No Formal Income or Credit Requirements

Our Mortgage Solutions
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  • Flexible 1st, 2nd & 3rd Mortgages

  • Ontario Wide Lending

  • No Formal Income or Credit Requirements

Our Mortgage Solutions
Mortgage Brokers Login

RESIDENTIAL
MORTGAGES

Flexible 1st, 2nd & 3rd Mortgages

GET APPROVED

LESS THAN
PERFECT CREDIT?

Credit Challenges or Unverified Income

HOW WE HELP

INDUSTRIAL &
COMMERCIAL MORTGAGES

Business & Commercial Loans

FIND OUT MORE

CONSTRUCTION &
LAND MORTGAGES

We Work with Builders & Homeowners

LEARN MORE

RESIDENTIAL MORTGAGES

At New Haven Mortgage we work with you to get you approved regardless of your income or credit challenges.  


Our intention is to make the process of getting you approved as quick and informative as it can be.  In other words, we aim to help you through the process every step of the way.

FIRST MORTGAGE


A first mortgage is a registered lien against your property and ranks as the first choice among borrowers because it usually provides the most attractive lending rate.

First Mortgages generally have terms of up to 5 years depending on one’s income, credit situation and preference.

You can use your first mortgages for various reasons:

  • To buy a principal residence, second property or investment property.
  • To pay off an existing first and/or first and second mortgages perhaps to lower their interest rate or increase the loan to take-out equity for any reason.
  • To pay off an existing first mortgage and take-out extra money for debt consolidation, home improvements or renovations, bring property taxes and mortgage arrears up to date, pay off creditors, family allowance responsibilities, etc.

SECOND & THIRD MORTGAGES


A second or third mortgage is a registered lien against your property that ranks subordinate or second to, or behind a first mortgage lien or line of credit.

You can use your 2nd or 3rd mortgage for various reasons:

  • To pay off existing higher rate loans and credit cards.
  • To borrow for home improvements or renovations.
  • To Bring your property taxes up to date and avoid late interest, penalties and potential sale of your property
  • To pay off income tax arrears, consumer proposals, judgments, family allowance responsibilities, etc.
  • To pay out your spouse’s equity in the event of divorce.
  • To bring your mortgage arrears up to date.
  • To stop power of sale proceedings.
  • To pay off creditors and put an end to annoying collection agency calls.
Let’s Talk About Your Next Mortgage

RESIDENTIAL MORTGAGES

At New Haven Mortgage we work with you to get you approved regardless of your income or credit challenges.  


Our intention is to make the process of getting you approved as quick and informative as possible. In other words, we aim to help you through the process every step of the way.

FIRST MORTGAGE


A first mortgage is a registered lien against your property and ranks as the first choice among borrowers because it usually provides the most attractive lending rate.

First Mortgages generally have terms of up to 5 years depending on one’s income, credit situation and preference.

You can use your first mortgages for various reasons:

  • To buy a principal residence, second property or investment property.
  • To pay off an existing first and/or first and second mortgages perhaps to lower their interest rate or increase the loan to take-out equity for any reason.
  • To pay off an existing first mortgage and take-out extra money for debt consolidation, home improvements or renovations, bring property taxes and mortgage arrears up to date, pay off creditors, family allowance responsibilities, etc.

SECOND & THIRD MORTGAGES


A second or third mortgage is a registered lien against your property that ranks subordinate or second to, or behind a first mortgage lien or line of credit.

You can use your 2nd or 3rd mortgage for various reasons:

  • To pay off existing higher rate loans and credit cards.
  • To borrow for home improvements or renovations.
  • To Bring your property taxes up to date and avoid late interest, penalties and potential sale of your property
  • To pay off income tax arrears, consumer proposals, judgments, family allowance responsibilities, etc.
  • To pay out your spouse’s equity in the event of divorce.
  • To bring your mortgage arrears up to date.
  • To stop power of sale proceedings.
  • To pay off creditors and put an end to annoying collection agency calls.
Let’s Talk About Your Next Mortgage

LESS THAN PERFECT CREDIT?

Many people experience setbacks and have incurred sufficient debt to the point where monthly payments are severely hurting their cash flow and way of life.


Over the past 20 years we’ve witnessed many cases of financial hardship including; job loss, critical illness, disability, business setbacks, and divorce. If you feel that you can relate to this, try not to worry because you’re not alone.

HOW CAN WE HELP?

  • We handle all types of financial hardships including loss of job, critical illness, disability, business failure, divorce, etc.
  • All credit scores are accepted including beacon reject and no established credit.
  • We accept self-employed, unverifiable income, pension and disability income, and or inconsistent employment.
  • No formal income requirements as our approval is based on the overall marketability and sufficient equity of the property.
  • We accept first-time homebuyers.
  • Previous or active bankruptcy and consumer proposals are also accepted.
  • As a mortgage lender, we welcome Non-Canadian residents and newcomers to Canada.

WHAT CAN YOU USE THE MONEY FOR?

  • Bring your mortgage arrears, property tax and condominium arrears up-to-date!
  • Payout income tax, GST or CRA arrears.
  • Title blemishes (writ/ lien/ judgement/ execution/ notice of security)
  • Power of Sale and foreclosure relief – to keep you in your home.
  • Pay-off creditors and collections – we will assist you to consolidate your debt and improve your monthly cash flow.
  • Pay-off family responsibility obligations
  • Prepay your mortgage payments for the term and/or customize your monthly payment to help with cash flow relief.

ARE YOU READY TO HAVE A CONVERSATION?

Click here to book a free no-obligation appointment

ARE YOU READY TO APPLY FOR A MORTGAGE?

APPLY TODAY!

INDUSTRIAL & COMMERCIAL MORTGAGES

We Specialize in Hard to Place Commercial Mortgages


Traditionally speaking, getting a commercial mortgage with a banking facility can be a long and drawn out process because they require an inordinate amount of paperwork, calculations and lots of red tape. Typically loan limits must be approved by a committee and time frame to gain loan approval can take up to 3 – 4 weeks.
On the other hand, at New Haven Mortgage, our loan structuring is quite flexible and we try really hard to eliminate the red tape and lengthy delays in order to get right to the “bottom line”.

WHAT MAKES US DIFFERENT?  AS A MORTGAGE LENDER WE OFFER:

  • No debt service ratios making it easier to acquire financing.
  • Creative structuring and flexibility for a wide variety of commercial usages.
  • All types of occupancy (including multi-tenanted).
  • Single & multi-purpose commercial uses.
  • The opportunity for newly licensed businesses to get a mortgage.
  • No business income verification required.
  • Financing for Industrial and commercial condo units.
  • Creative approval terms!
  • Renovation financing to carry out long-overdue property improvements.

ARE YOU READY TO EXPERIENCE THE NEW HAVEN DIFFERENCE?

click here to book a no-obligation appointment

INDUSTRIAL & COMMERCIAL MORTGAGES

We Specialize in Hard to Place Commercial Mortgages


Traditionally speaking, getting a commercial mortgage can be a long and drawn out process because most lenders require an inordinate amount of paperwork, calculations and lots of red tape. Typically loan limits must be approved by a committee and time frame to gain loan approval can take up to 3 – 4 weeks.
On the other hand, at New Haven Mortgage, our loan structuring is quite flexible and we try really hard to eliminate the red tape and lengthy delays in order to get right to the “bottom line”.

WHAT MAKES US DIFFERENT?  AS A MORTGAGE LENDER WE OFFER:

  • No debt service ratios making it easier to acquire lending.
  • Creative structuring and flexibility for a wide variety of commercial usages.
  • All types of occupancy (including multi-tenanted).
  • Single & multi-purpose commercial uses.
  • The opportunity for newly licensed businesses to get a mortgage.
  • No business income verification required.
  • Financing for Industrial and commercial condo units.
  • Residential property owners preferred approval terms!*
  • Renovation financing to carry out long-overdue property improvements.

ARE YOU READY TO EXPERIENCE THE NEW HAVEN DIFFERENCE?

click here to book a no-obligation appointment

CONSTRUCTION & LAND FINANCING

CONSTRUCTION LOANS


We provide construction financing for individual homes and small developments. 1–30 units.

SOME THINGS TO KEEP IN MIND:

  • Permits from the city are required
  • Construction progress report including costs/quotes
  • Flexible draws and creative structuring
  • Finance individual homes, small developments and everything in between
  • Lots of all sizes will be considered for immediate construction, contemplated construction, island lots, back lots, subdivisions, estates and others.
  • Land must be purchased

LAND ACREAGE AND LOT FINANCING


We finance land at all stages of development, raw, un-serviced, partially severed, severed, with or without site plan approval.

Loan to value ratio’s depend on location, zoning and marketability.

Loan sizes range from $25,000 and up.

We are a mortgage lender for lots of all sizes for immediate construction or contemplated construction, island lots, back lots, subdivision lots, estate lots and others.

Book a free no obligation consultation

LET’S WORK TOGETHER

APPLY FOR A MORTGAGE TODAY