SaveCapital Financial Corp. (Company Overview) - Canadian Mortgage Lenders
SaveCapital Financial Corporation offers financial services throughout Canada. The company’s headquarters are in Halifax, Nova Scotia and there is a main office in Concord, Ontario as well. Currently, the company has between 75-100 million dollars in funding available for the Ontario area this year. SaveCapital Financial operates within the Morty System, which is a step above what other lenders, such as Scotia Bank, use.
Equity Lending Services
SaveCapital Financial Corp is an equity lender only, which means that they base the loans they give on the value of the property only. Throughout Ontario, the company offers both first and second mortgages but, throughout the rest of Canada, only first mortgages are offered.
SaveCapital Financial Corporation is a lender for people who are at their last resort, specializing in “C” clients. This includes individuals who have a Beacon score that is below 600. Additionally, individuals who have no employment verification, are behind on their payments, have no established credit, have declared bankruptcy, or are new in the country with no SIN are all clients who will be considered by the company. People involved with power of sale and purchasing cottages and farms are eligible for loans through SaveCapital Financial.
In order to apply for a loan through SaveCapital Financial, full information will be required. However, the company goes by the value of the property at stake and does not take credit scores and client information into consideration. The disclosed information about the client will be used to determine the terms and conditions of the mortgage.
For those individuals that are looking to purchase their first home and have been declined or rejected by other lenders, SaveCapital Financial Corp is willing to look over their applications. The company specializes in approving individuals with less than perfect credit by giving them a chance to build their credit through home ownership.
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