Ready to Talk Mortgages? Call or Text (778) 999-7352

Can Terra Financial Inc

Can Terra Financial Inc. is a well-regarded Mortgage Investment Corporation (MIC) providing an array of private residential lending solutions across various community sizes in Canada—from bustling urban centers to serene rural landscapes.

Essential Aspects of Can Terra Financial Inc.’s Lending Services:

  • Loan-to-Value Ratios: Can Terra is versatile, offering up to 75% LTV for urban residential properties, 65% for those in small towns, and 60% LTV for rural residences, catering to a wide swath of borrowers.

  • Debt and Income Guidelines: Emphasizing inclusivity in their lending, Can Terra does not impose GDS/TDS restrictions, allowing for more flexible qualification criteria.

  • Credit Accessibility: Regardless of your credit history, Can Terra does not have minimum Beacon score prerequisites, facilitating loans for a broader base of clients.

  • Interest Rates: Starting at competitive rates, Can Terra’s interest rates vary depending on the location and type of residential property, with an aim to provide fair and affordable lending solutions.

  • Repayment Terms: Borrowers can benefit from up to 30 years of amortization or can opt for interest-only payments, increasing control over monthly financial commitments. Prepaid options are also available upon review.
  • Loan Terms: Can Terra Financial offers 1 and 2-year terms, providing short to medium-term finance solutions to suit various borrower needs.

  • Open and Closed Terms: With both options available, flexibility is given to clients who may prefer the possibility of an early payout or those who want the stability of a fixed term.

  • Property Types Funded: A range of property types are eligible for financing—single dwellings, condominiums, townhouses, duplexes, vacation properties, rentals, and even mobile homes on owned land.

  • Efficient Processing: Valuing your time, the lender commits to responding to enquiries on the same day, ensuring quick turnaround times for loan applications.

  • Documentation Needs: A standard mortgage application and an appraisal are typically required, with the potential for additional documents depending on the specifics of the individual deal.

As a dedicated mortgage broker, I, Elvira, have a strong relationship with Can Terra Financial Inc., making me perfectly positioned to assist you in securing a private mortgage from them. If you require financing, regardless of the scope of your city or the uniqueness of your situation, I can help navigate Can Terra’s practical and accommodating lending options. In partnership with Can Terra, I pledge to provide you personalized service that addresses your specific financial needs. For professional assistance and a tailored approach to your mortgage requirements, feel free to reach out to me, Elvira, and let us take the step towards securing the support you need with Can Terra Financial Inc.