National Equity Lending Corp is distinguished in the alternative lending market for its ability to secure home equity loans and private mortgages promptly and efficiently. Having over two decades of success in the mortgage industry, the company has built a strong reputation for funding a significant volume of transactions and offers personalized services.
Key Attributes of National Equity Lending Corp:
Loan-to-Value (LTV) Ratios: The company provides LTVs up to 75% in British Columbia, with potential exceptions reaching 80%. LTVs vary depending on the urbanization level of the area, with smaller towns qualifying for up to 70% and rural areas for up to 65%. In Alberta, they lend up to 70% LTV.
Flexibility in Borrower Analysis: National Equity Lending Corp offers substantial flexibility, placing no GDS/TDS restrictions on loans and not setting a minimum for credit scores, which helps a broader range of home-owners secure financing.
Diverse Loan Terms: With terms ranging from 12 to 24 months, borrowers have the ability to choose the loan duration that best fits their financial needs.
Amortization and Payment Options: They provide interest-only payment options and up to 30-year amortization plans, as well as options for prepaid or interest reserve, allowing for significant flexibility in managing monthly expenditures.
Loan Amounts: The company can fund loans from $20,000 all the way up to $1,500,000, with potential for larger amounts given additional security.
Open and Closed Terms: Both open and closed loan terms are available, granting customers the freedom to select a repayment structure that is most conducive to their financial strategies.
Efficient Service: They pride themselves on a rapid processing time, typically offering commitment within 24 hours and the possibility of funding within as little as 48 hours.
Documentation Requirements: To apply, borrowers will need to provide an application form, credit bureau report, and property appraisal. Additional documents might be requested for certain transactions.
As a mortgage broker, I, Elvira, understand the complexities of securing the right private mortgage. Working with National Equity Lending Corp, I am committed to helping you navigate through their efficient and accommodating lending process. Whether you’re looking for a loan for debt consolidation, home renovation, or any other financial need, I will leverage my experience to support you every step of the way. With National Equity Lending Corp’s tailored lending services and my dedicated guidance, rest assured that we can work together to secure the financing that aligns with your unique circumstances. Contact me, Elvira, for personalized assistance in obtaining your private mortgage today.