Simply put, a residential mortgage is a loan that is secured against a residential property. But that can be where the simplicity ends. Fixed rate or variable rate, term, amortization period, down payment, appraisals, bridge financing, convertible mortgage, mortgage insurance, equity, interest adjustment, discharge fees, principal, TDS, CMHC, HBP, IRD… it can suddenly become very confusing!
Don’t feel you have to navigate the complex landscape of residential mortgages alone. Partner with a knowledgeable and experienced mortgage broker to provide insight and strategic advice and to connect you with the right lender and mortgage product for you. Partner with KUBIK MORTGAGE GROUP and let us take you home.
Whether you are looking to purchase your first home, your next home, or your forever home, there is a mortgage product that is right for you. Many factors influence the type of mortgage that will help you meet your goals of homeownership: your financial health, employment status, alternative income, debt load (including current mortgage obligations), current interest rates, the value of the home you wish to purchase, the amount you have to contribute to a down payment, and more. When you are purchasing a residence, your mortgage is secured against the asset, your home. At KUBIK MORTGAGE GROUP, we are committed to matching you with a lender and a mortgage product that is affordable with a manageable repayment schedule and the most favorable interest rates available. You work hard for your money and the right mortgage product will work hard for you, protecting your investment and helping you find the best place to call home.
Debt consolidation is a refinancing strategy that can help you simplify your debt, streamline your payments, lower your monthly costs, and manage your finances more efficiently. Leveraging existing equity in your home, a new mortgage can pay off your debt obligations like credit card debt, car loans, second mortgages, etc. Debt consolidation can be a sound strategy to pay off debt faster, improve your financial health, and could even result in money in the bank. Let KUBIK MORTGAGE GROUP help you explore your options for debt management, find the lowest interest rates available, and let us connect you with the lending resources you need when debt consolidation makes sense.
Equity Take Out allows you to borrow against the equity you have built up in your home. This is calculated based on the difference between what you still owe on your mortgage and the current market value of your home (or the entire value of your home if it is paid off). This loan can be used to pay off debt, start a new business, invest, purchase a rental property or a vacation home, cover the costs of a new car or a recreational vehicle, help with educational expenses, or finance renovations to turn your house into your dream home. You have worked hard to pay down your home loan and KUBIK MORTGAGE GROUP can help you leverage that equity to achieve whatever goal is next for you.
Leverage your financial health today to secure access to your equity in the future with a Home Equity Line Of Credit (HELOC). HELOC is revolving credit that is secured against the equity you have built in your home. You don’t need to use your credit for anything in particular, you don’t even ever need to use it. It is available when you need it. You can borrow any amount up to your approved limit and you only pay interest on the amount you actually spend.
Once you pay off the amount you have borrowed, that credit becomes available to you once again. There are no limits on what you can use your HELOC for, this loan solution is secured against your home, you only use what you need and avoid unnecessary debt. KUBIK MORTGAGE GROUP can help you determine your goals for a HELOC, explore your options for a Home Equity Line Of Credit, and connect you with the best lender to meet your needs.
Another way to access equity in your home is with a second mortgage. This can be a useful strategy for homeowners who have established more than 20% equity in their home. Second mortgages are an easy way to finance home renovations, consolidate debt, free up funds for an investment, and more. Often the qualifying requirements for a second mortgage are less rigorous than your first, but it is important to work with a qualified mortgage broker to ensure your second mortgage is structured favorably. KUBIK MORTGAGE GROUP can connect you with reliable lenders and help you develop a strategy to pay off your second mortgage quickly and easily.
When you are self-employed, have less than perfect credit, want to purchase an unconventional property or bare land, or have other unique factors that affect your financial snapshot, it can be hard to secure a traditional mortgage or financing through conventional lenders. Often these lenders have strict requirements and stringent processes that just won’t work for you.
But did you know that there are options to work with trusted and reliable private mortgage lenders that are more flexible, more willing to invest in higher-risk scenarios, and ready to support your goals? KUBIK MORTGAGE GROUP has cultivated a robust network of alternative private mortgage lenders who are willing to explore your unique circumstances and design a customized mortgage solution that works for you.