Power of Sale

A Power of Sales method allows a mortgage lender to sell the property of a borrower if the borrower is in breach of one or more of the stated mortgage conditions. Notably, non-payment of the mortgage is the most common of all such breaches. In any occurrence, it is wise to contact us at Expert Mortgage so that we may act immediately to stop this legal process and help you to retain the possession of your home.

Important Factors pertaining to a bad credit mortgage approval

For more than two decades, our team has been upfront in refinancing and stopping the Power of Sale process for numerous clients, which in many cases included situations related to tax arrears and mortgage default payments. We have accrued EXCELLENT credibility among our Private investors and lawyers representing the banks and large financial institutions. Having credible links with investors and lawyers helps grant more time to provide you with an array of options, hence ensuring several benefits for your cause:

  • It takes less than 48 business hours for us to issue a commitment and STOP the power of sale COLD.
  • Immaterial of your income, credit or past turn-downs, we approve you. All you need is to have is sufficient Equity in the home. At the most, You can borrow 85% of Appraised Value of your home.
  • Once we issue the commitment, we disclose all the costs associated with the transaction. We will NEVER demand any upfront brokerage fee.
  • Most Private Investors may consider doing an appraisal of your property, which is perhaps the only upfront cost.

It is important to know that paying off your first mortgage prior to maturity can at times cost you a fortune. Expert Mortgage often performs debt consolidation and provides a second mortgage that matures at the same time when the first mortgage matures. When both mortgages reach maturity, we may combine them together and hence, do our very best to save you even more money.

To get more details on Power of Sale please contact:
victor@bestrefinance.ca
416-895-6074

Our Latest Rates

Note: Rates are subject to change without notice.
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Prime Rate 2.85%
1 Year 2.29%
2 Year 2.14%
3 Year 2.20%
4 Year 2.49%
5 Year 2.59%
5 Year Variable 2.25%
5 Year High Ratio 1.95%
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Testimonials

We were 6 months behind on our mortgage and the sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can ’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.

My ex—wife’s lawyer gave me 30 days to buyout her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don ’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you.

I m self—employed with bad credit related to a past business failure. My new venture was going great and I wanted to buy a home, but the bank would not qualify me for a mortgage. I didn ’t know about private lenders until I saw your flyer. Thanks for fulfilling my dream of being a homeowner.

Earning only pension income I couldn ’t keep up with my payments. The bank said that due to my age they could not give me a loan. Paying off all my debt and giving me one low monthly payment helped me save my home of 35 years. I am very much indebted to you.

The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.

We are EXPERTS in hard to place mortgages! Get Approved. Call Today 416-895-6074