Your Local Scarborough Mortgage Broker
Second Mortgages & Home Equity Loans for Scarborough Homeowners
If you are looking for a second mortgage, or home equity loan, the mortgage brokers at Matrix Mortgage should be your first call. Whether you are looking to pay off a high-interest loan, or a consumer proposal, or simply need some extra funds for other reasons, a second mortgage can get you the money you need by using the equity that you have already built simply by paying your mortgage. In Ontario, Matrix Mortgage can get you as much of 95% of the equity of your home in the form of a second mortgage or home equity loan.
Mortgages for First Time Home Buyers in Scarborough
For first time homebuyers, a mortgage broker can save you a lot of time and hassle. If you have never purchased a home before, then you have likely never had to negotiate with a mortgage lender before. You may not even know where to start, or what you can expect. Our brokers can work with you, and on your behalf, advising you of what may be available to you and what your best options are.
At Matrix Mortgage, we are one of the top 75 brokers in Canada, and our brokers have years of experience finding our clients the best mortgage deals they can. Let their years of experience work to your advantage, and call us today!
Mortgages & the Real Estate Market for Scarborough, Ontario
One of the most culturally diverse regions in the GTA, Scarborough is located on the eastern side of the city of Toronto. Home to the Scarborough bluffs, as well as Rouge Park, it is accessible by the Don Valley Parkway, and the 407. It is also home to several Go Train stations, and the SRT system, which is a part of the Bloor-Danforth subway line. Its proximity to downtown, as well as its position along Lake Ontario makes it a desirable area to live in.
In the past several years, the price for a home in the Scarborough area has risen dramatically. In fact, in the first half of 2015, home prices increased by a whopping 25% over the previous year. The average price for a detached home in the Scarborough area was up to $724,187 by the end of June 2015. The rise in property values in this area can be attributed to several factors, some of which include: proximity to downtown, and the ease of getting there (be it via transit, or driving); its proximity to the waterfront; and the size of the lots (you get a lot more for your money in terms of yard space than you would in other areas in the GTA.
At Matrix Mortgage, we work with Canadians in a wide variety of situations: those who are new to the country, have poor credit, or even those who have previously declared bankruptcy. Our brokers have the experience and know how to get you approved for the mortgage you need to buy the home of your dreams.