Why use Mortgage Guys?
- You can go to every bank one at a time or you can go to them all at once Mortgage Guys – one and done
- Apply online in minutes from the comfort of your home
- Rates as low as you go !
- Get unbiased expert advice with hundreds of options no single bank can provide
- Secure a rate hold for up to 120 days
- Fast we mean really fast service
- Save a ton of time and money with our pre-negotiated rates and terms
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Home Equity Investment Tips
With a home equity takeout (also sometimes called a home equity mortgage), there isn’t a lot you can’t do. Renovations, such as landscaping the backyard, installing a pool, adding an addition, or modernizing a kitchen are all common choices, but you’re not just limited to fixing up your home. The amount of your home equity takeout depends on how much you’ve put into your home already, who your provider is and what type of takeout you’re looking at. A general rule of thumb is that you’re eligible to receive roughly 80 percent of the value of your home; minus the amount you still have owing.
Purchase a vacation home or cottage
Finance Schooling or Businesses
Use the money toward tuition fees, business start-ups, etc...
Invest Properties Or Stocks
Invest in real estate properties or the stock market
Speak To A Broker Today
You can go to every bank one at a time or you can go to them all at once with one application why not be one and done– something no bank can do ! With exceptional service, expert advice we will save you thousands.
Our Mortgage Process Simplified.
At MortgageGuys.com we want to provide you with a stress-free mortgage experience.
- Pre Approval Consultation: Well discuss what your situation and needs are and provide the options with any pros and cons to each. From here you'll fill out an application online or in-person and upload the necessary documentation. Then you'll receive a pre-approval and budget so you can begin your search.
- Make An Offer On Your Home and Gather The Necessary Information: We’ll review and gather employment letters, pay stubs, and all necessary documents to make sure there are no surprises at the end.
- Select a Lender: Together we’ll review lender options and the type of loan that best suits you.
- Mortgage Loan Submission Mortgage Load Approval: We are notified of the approval and we then ensure with you any outstanding conditions are met prior to funding.
- Prepare Mortgage Documents: Your mortgage documents are completed and you can sign them from the comfort of your home or come in to sign.
- Mortgage Funding: Your mortgage funds are then transferred by wire to your lawyer on your closing date.
- Move in and love your new home – CONGRATULATIONS!
Home Equity Allows You To Grow Additional Investments
Most people think of mortgages only when they’re preparing to buy a new home. But what many don’t know is that it’s also possible to use the equity you’ve built up in your existing mortgage to make improvements to the home you’re already in. Extra money without the hassle of moving…sound too good to be true? It’s not. It’s called a home equity takeout, and if you’ve been paying down your mortgage for a year, two, or more, you probably qualify for one.