If you are looking for a trusted partner and mortgage broker in Barrie to help you with your real estate financing needs, look no further – PrestoMortgages are here to help you! We have been serving the Barrie area with 35 years of experience. We can help with everything from ‘vanilla’ mortgage financing through banks and institutional lenders right up to private mortgages. Where we really shine is helping clients with difficult financing situations with bad credit, self-employment, hard to prove income, etc.
We have access to a large network of lenders and are confident that we can find the product that fits right for you!
01. Barrie’s Comprehensive Service Mortgage Broker
PrestoMortgages offer 35 years of experience from dealing with all mortgage types. We are Barrie’s specialists in new home purchase financing, mortgage renewals, second mortgages, private mortgages, mortgages for self-employed individuals, high ratio mortgages, mortgage refinancing and more!
02. We keep you in your home, no matter the circumstances!
At PrestoMortgages, we can help if you are in a difficult financing situation with high debt, bad credit, bankruptcy, arrears, consumer agreement or other financial constraints. We are the brokers clients turn to when a conventional lender does not work or a regular mortgage broker does not have expertise.
Private Mortgages in Barrie
We recommend the flexibility of a private mortgage when other conventional A and B lenders such as banks, credit unions and mortgage trust companies do not work. This is because a private mortgage is underwritten based on parameters that are specific to your financial situation. We are Barrie’s private mortgage expert and have helped several clients keep their properties using private mortgage options. Contact us to learn more!
PrestoMortgages can help you get a second mortgage on your home. A second mortgage is another mortgage applied to the equity in your home. A HELOC or Home Equity Line of Credit is an example of a second mortgage. Second mortgages are a flexible means to extract cash from the equity in your property.
03. Barrie’s Mortgage Renewal Experts
When your mortgage term (the 1-10 year period signed for the mortgage) is up, you must renew your mortgage with the original lender. PrestoMortgages can help you find a better rate if nothing has changed for you financially. However if your credit is poorer and you have high debt ratios, the original lender may not renew on favorable terms. We have been helping clients in Barrie find the best terms for mortgage renewals, speak with us about options today!
04. Refinancing your Mortgage in Barrie
Need cash from your home? We can help! You are allowed to refinance up to 80% of the appraised value of your property according to government regulations. This means if you’ve paid down more equity than 20% of the value of the home, we can unlock some if it by refinancing your mortgage. PrestoMortgages can help you refinance your Barrie home to get the funds you need.
Consolidating Debt and Poor Credit
To us credit score is just one measure of a person’s financial situation. We can get you the financing you need despite credit score. Not only that, we have helped many of our Barrie clients improve their credit scores by consolidating their debt! Tired of high interest credit card payments? We can help by rolling everything into one manageable payment.