Help to get an institutional mortgage!

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Christo11

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Joined: Tue Nov 14, 2017 7:28 am
Post by Christo11 » Tue Nov 14, 2017 7:31 am
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Hi,


I run a primary school in Toronto. For the last 4 months, I have planned on extending one of the buildings of the school. The plan and estimate are now ready and we need a financial support to complete the work.

I think it's better to ***live link removed *** consult lenders offering institutional mortgages in Canada.[/url] I have already gathered some data about the lenders. But, I want to know something more.

What are the formalities to be followed by an institution to apply for a mortgage?

What are the documents required and how much is the down-payment?

Is it better to prefer a hybrid mortgage? Or any other suggestions?

Can you suggest the best mortgage brokers/lenders in Canada?


Reply awaited. Thanks in advance!
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Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Nov 14, 2017 7:54 am
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Hi. I am afraid this is a UK site and we only have experience of UK lenders. Additionally our emphasis is on IVA's rather than mortgage advice.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Joined: Wed Dec 03, 2014 10:26 am
Post by Lisa Thomas » Tue Nov 14, 2017 10:06 am
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I think you have misunderstood this forum and may want to find a Canadian Mortgage forum instead.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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