WHY WORK WITH US
Low Rates
*Rates start as low as 2.49%
*Rates are subject to change and based on various factors and terms.
Fast Service
We pride ourselves on quick, easy & honest service. Our clients always come first.
Dedicated Team
Our team members are professinal and experienced who can help clients to find the right mortgage products at best rates!
Easy Application
Simple hassle-free process, with quick same-day approvals in many cases!
WHAT OUR CLIENTS SAY
Tsz Ho Wong
Client
My mortgage situation and lack of knowledge in regards to the changes in the Mortgage market was all resolved through Fanson Capital’s one stop shop system. Couldn’t be happy enough with their service and flexibility in getting my mortgage done, and done right!
Watson Geoff
Client
Quite a life saver lol.Got rejected by banks and then referred to Fanson. I am fairly satisfied with the lower rates and the better customer experience. Definitely will come again. Don’t even bother spending time at banks. Recommend!!
iFlourich Trading Ltd
Client
After long time seeking mortgage brokers, we chose Fanson Capital as our mortgage partner, their prompt and professionalism is none like others.
Home Equity Loans
If You Own A Home And Need A Loan, We Can Help You Get APPROVED!
Are you a homeowner interested in a loan, then we can help you get approved using the equity you have in your home. As house prices have increased across parts of Canada, home equity loans are becoming a more attractive idea to many homeowners. Even if the price of your home decreased, you can still be approved for a home equity loan if you have enough equity built up in your home.
What Is A Home Equity Loan?
A home equity loan allows a borrower to use the equity in their home to secure a loan. The amount of available equity in a home is calculated by assessing the current value of the home and then subtracting the current mortgage(s) still owing on the home from the value. At Fanson Mortgage we can help you get a home loan of up to 90% of the value of your home depending on a variety of factors. It is often easier and faster to get a home equity loan because in many instances they don’t even require a credit cheque or complicated application process.
What Are The Types Of Home Equity Loans?
There are two types of home equity loans offered by lenders:
- Fixed Rate Loan or a Second Mortgage: With a Fixed Rate Loan or Second Mortgage, the borrower is given the option to withdraw a total lump sum of cash up front and make monthly interest-only payments. The interest rate is set once the loan is agreed upon and can change only at the time of renewal. In many cases it is ideal for people who either have poor or bad credit, or have lower income, or are self-employed and report their income in a less traditional way. Even if you are turned away by the banks, in many instances you can still qualify for a Fixed Rate Home Equity Loan or Second Mortgage as long as you have equity in your home.
- Home Equity Line of Credit (HELOC): With a HELOC, the borrower gets approved for a line of credit from which they are able to continuously withdraw cash from the pre-approved limit as needed. A HELOC is a more flexible borrowing option because the balance of the loan and the interest costs depend on how much the borrower uses on the line of credit. If you have outstanding credit and a high enough income, this can be the more appealing option because you are only required to pay interest on the amount of the HELOC you have actually used. Unlike a fixed rate loan, interest rates for a HELOC are usually variable and can change based on market trends.
What Are The Benefits Of A Home Equity Loan?
Home equity loans are a great option for homeowners with bad credit or low income, or in many cases people who are self-employed who report their income differently than those who are salaried employees of a a company. Borrowers can use the sum of the loan for many different reasons such as for consolidating debt, funding home renovations, paying for a child’s tuition, or financing other purchases or bill payments. For many borrowers, their home equity can be the biggest asset they have and their best way to secure a larger loan.
Home Equity Loans
Are you a homeowner interested in a loan, then we can help you get approved using the equity..
Purchases & Pre-Approvals
When looking for a new home, you should always get pre-approved by a lender first. We can help you..
Mortgage Renewals & Refinancing
Whether you are looking to refinance your current mortgage to take out extra money from the equity..
Private Mortgages
A private mortgage is an alternative source of financing given to a borrower by a private lender, and is..
Bad Credit Or Low Income
Although your credit history is one of the most important factors for getting approved for a mortgage..