|Online Applications:||Need Help?|
Kitchener is a city in the Regional Municipality of Waterloo, Ontario. Located approximately 100 km (62 mi) west of Toronto, Kitchener is the regional seat. It was called the Town of Berlin from 1854 until 1912 and the City of Berlin from 1912 until 1916.
The City of Kitchener covers an area of 136.86 square kilometres and had a population of 233,222 at the time of the 2016 Census. The Kitchener metropolitan area, which includes the smaller, neighbouring cities of Waterloo to the north and Cambridge to the south, has 523,894 people, making it the tenth largest Census Metropolitan Area (CMA) in Canada and the fourth largest CMA in Ontario.
Kitchener and Waterloo are considered “twin cities” which are often referred to jointly as “Kitchener–Waterloo” (K–W), although they have separate municipal governments. Including Cambridge, the three cities are known as “the Tri-Cities”. All are part of the Regional Municipality of Waterloo, which was created in 1973, when it replaced Waterloo County, which had been created in 1853.
Traditional lenders weigh their decisions very heavily on your credit history. This means that even the slightest imperfection, such as a recent late payment, could have a tremendous impact on your ability to get approved for a bad credit mortgage in Kitchener. If you need a bad credit mortgage in Kitchener for this very reason, we can help you. Our clients come to us to help them consolidate high-interest credit card debt, to pay off various medical bills, to fund home renovations and repairs, and for a variety of other reasons. Give us a call today to learn more about how we can help you get the money you need and deserve.
There are many reasons why homeowners choose to take out a second mortgage in Cambridge, Kitchener, but here are some of the advantages associated with taking out an equity loan. If you have a good interest rate on your fist loan you can rest assured that your first loan is not touched since as the name gives it away a second mortgage is taken out on top of the existing loan and thus no changes is made to your current loan. If you now have poor credit, then the loan is like a bad credit mortgage provided by private lenders that can provide you with needed funds with out and credit or income requirement
You can use the funds to consolidate all high interest debt into a single loan with more favorable rate and substantially lower your monthly payments so that you can become debt free sooner.
You can use the second mortgage to resolve any outstanding issue that requires attention such as paying a judgement or collections against you, carry out much needed renovations or use it for down payment toward your next investment purchase.
You have fast and easy access to cash since the only real qualifying factor is having equity in your home and thus you are able to access the funds in as soon as few days or a week.