We are a full service mortgage brokerage with over 35 years of experience serving clients across Ottawa and Ontario. PrestoMortgages bring together a vast network of lenders and offer solutions for all mortgage financing needs. We have programs for prime lending and new home purchases; our specialty is in helping clients with damaged credit or hard to prove income, that would typically have difficulties dealing with the large banks and ordinary mortgage brokers.
01. Full suite of Mortgage Products for Ottawa
Presto mortgages can help meet all your mortgage financing needs in Ottawa. With our network of lenders, from banks, to mortgage trust companies, to private lenders. We take the time to understand your financial situation and recommend the product that is best for you. We offer our clients solutiosn across:
- Mortgage on new home or second/additional property
- Mortgage on investment property
- First time homebuyers
- Mortgage renewals
- Mortgage refinancing
- Private Mortgages
- Second Mortgages
- Debt Consolidation and bad credit loans
- … and more!
02. Mortgage solutions in Ottawa for Self-employed, Damaged Credit and Unique Circumstances
PrestoMortgages are recognized for helping clients who are not served properly by big banks or ordinary mortgage brokers. We have been successfully helping clients who are self-employed, have hard to prove income or have damaged credit. If you have had a bankruptcy in the past, consumer proposal, arrears, collection calls – we are the right people to talk to! We treat our clients with respect and take the time to understand the situation and recommend products and solutions that are right for them. Speak with us today in Ottawa if you are having a hard time getting mortgage financing due to past financial issues.
Ottawa’s Private Mortgage Broker
We have access to a large number of private mortgage financiers who explicitly trust our judgement in assessing lending needs. This means that we can help our Ottawa clients find financing for your mortgage needs if a conventional mortgage is not possible. Private mortgages are flexible and can be built around your payment affordability to help bridge a period in home ownership.
Second Mortgage Financing in Ottawa
A second mortgage is a lending tool that can be used to release the equity you have built up in your home. Quite simply, you can obtain a second mortgage on the portion of the home you have paid off. Government lending rules let you borrow up to 80% of the appraised value of your home. So let say if your home is worth $500K and you have paid off $300K. Then:
80% of $500k = $400K
$400k – $300K = $100K cash released by second mortgage
PrestoMortgages are Ottawa’s leading source of second mortgage financing, speak with us today about options.
03. Seamless Mortgage Renewals
PrestoMortgages are Ottawa’s expert in Mortgage Renewals. We can help you find a better rate once your mortgage renews. If your credit has been damaged since you got the mortgage or if you’ve had other financial difficulty, we also specialize in making sure that your mortgage renews and keep you in your home!
04. Meeting all your Mortgage Refinancing needs in Ottawa
Under government lending rules, you can refinance your mortgage up to 80% of the appraised value of the home. This is almost like taking the mortgage again (however you do not pay any downpayment). The plus side is you get all the equity that has been built up in the house as CASH. This is a great method one can use to consolidate debt, deal with a life situation or invest money elsewhere. Speak with us about mortgage refinancing on your Ottawa property.
Helping you Consolidate Debt and recover from Bad Credit
If you are caught in an endless cycle of high interest credit card payments or have very high debt, PrestoMortgages can help. We have helped our clients in Ottawa by rolling their debt into one lower interest loan with affordable monthly payments. It does not matter if you have bad credit, bankruptcy in the past, etc. – we can help!