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Newmarket (2016 population 84,224) is a town and regional seat of the Regional Municipality of York in the Canadian province of Ontario. It is part of Greater Toronto in the Golden Horseshoe region of Southern Ontario. Many Newmarket residents commute to Toronto, about 45 minutes transit time south of the town.
The town was formed as one of many farming communities in the area, but also developed an industrial centre on the Northern Railway of Canada’s mainline, which ran through what became the downtown area starting in the 1850s. It also became a thriving market town with the arrival of the Metropolitan Street Railway in 1899. Over time, the town developed into a primarily residential area, and the expansion of Ontario Highway 400 to the west and the construction of Ontario Highway 404 to the east increasingly turned it into a bedroom town since the 1980s. The province’s Official Plan, however, includes growth in the business services and knowledge industries, as well as in the administrative, manufacturing and retail sectors.
Some of Newmarket’s most noticeable landmarks are the Upper Canada Mall, Southlake Regional Health Centre, the Main Street Heritage Conservation District, the Fairy Lake Conservation Area, as well as many other parks and recreation areas. In 2013, MoneySense magazine ranked Newmarket 10th out of 200 cities in Canada, and 4th out of the “Top 10 Small Cities” in Canada in its “Canada’s Best Places to Live in 2013”. The same magazine rated Newmarket in the top 25 of 219 communities in 2016 and as the 14th among best small cities. In 2017, Amazon Canada ranked Newmarket as number 20 of the top 100 most romantic cities in Canada.
Homeowners who are looking for a second mortgage in Newmarket have numerous options available to them. Those who have impeccable credit histories can visit their banks or any number of traditional lenders to obtain their funds, but if you have less than perfect credit, you may think you won’t qualify. Fortunately, we are here to help people just like you obtain second mortgages in Newmarket with bad credit or with no credit at all. Our competitive second mortgage rates and friendly service make us one of the leading private mortgage lenders in the country according to our clients.
People who have imperfect credit often struggle to get approved for second mortgages in Newmarket. In fact, when they apply for their poor credit mortgages through traditional lenders, they are typically outright denied. This can be incredibly discouraging, and it leads many people to believe they simply do not qualify for the funding they need. Fortunately, this is not at all the case. Private lenders consider far more than just your credit history and have less stringent second mortgage requirements than traditional lenders.
We look at things like your employer and how long you have worked for the same company, your income, and even your current debts to determine your ability to repay your mortgage payments, which are things traditional lenders simply cannot do. They lack the flexibility to consider other information if your credit history shows late payments or other imperfections. Our goal is to look at your entire financial life rather than a simple report and base our decision on this.