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We arrange loans and mortgages for: Residential, Investment or Commercial Properties - First and Second Mortgages, Secured Lines of Credit. Competitive rates and terms available. |
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CLICK HERE to apply for a mortgage now.
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RESIDENTIAL, COMMERCIAL & CONSTRUCTION MORTGAGES
At Northern Range Capital we assist our clients in arranging mortgages for Residential, Commercial and Industrial properties. Real estate loans come in many forms. Mortgages are the most common. Mortgages are sometimes also called a trust deed or land contract. Regardless of the form that the security instrument takes, the basic idea is the same. A mortgage is the legal agreement between a borrower and a lender, where the value of the borrowers real estate is offered as security for a loan. We act as the intermediary (middle man) between the borrower (you) and the lender institution, which can be a bank, trust company, credit union, mortgage corporation, finance company, pension fund or even an individual private investor. We will analyze your financial situation to determine which lender is the best fit for your loan needs. We will then submit your mortgage application to one or more lenders in order to sell it, and work with the chosen lender until the loan closes. Once the loan closes we will get paid a commission directly from the lender and/or from the borrower depending on the arrangements made.
Major Property Loans These are loans for income producing properties such as:
and all other types of commercial properties.
Residential Mortgages Residential house loans are the most sought after loan requests in every city. Lenders make a distinction between mortgages on residential property, where the owner resides, and commercial property, which is held to produce income. There is some overlap in small duplexes and triplexes, where the owner resides and rents one or more of the units for income purposes. The important point to remember is that there is a strong motivating element in a residential mortgage that works in the lenders favor. If the borrower defaults on the payments, they lose not only the property but their home as well. This is one factor that contributes to lower rates and higher loan -to-value ratios for owner occupied residential properties.
Construction Loans Funds can be used to cover both construction costs and certain soft costs associated with a project. They include land acquisition, building construction or improvements, professional fees, appraisal, title work, searches, surveys and lender fees. Best of all, a construction loans can be converted to long-term financing once the construction project is completed. This means you won't need to apply for another mortgage. Apart from the considerable convenience that this offers, you'll have just one closing and one lender.
To begin processing your loan application please
CLICK HERE and
fill out the application from with your information so that we can begin
our search for lenders that may be able to fund your loan. Please
fax the application back to 905-901-3128. All information is treated
in a confidential manner.
The Ten Commandments of Borrowing
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The Ten Commandments of Borrowing
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Copyright (c) Northern Range Capital Corp., All rights reserved |
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