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North York forms the central
part of the northern half of
Toronto, Ontario. As of
the 2006 Census, it has a
population of 624,610. The
official 2001 Census count was
608,288. Until 1998, it was the
second-largest of six
municipalities that comprised
another larger municipal
structure called Metro Toronto.
The previous year, the
provincial government passed
legislation to merge these
municipalities into a single,
new amalgamated City of Toronto.
The Township of
North York
was formed on June 13, 1922 out
of the rural part of the
Township of York. The
rapidly-urbanizing parts of the
Township remained in that
township. As North York itself
became more urbanized, it became
the Borough of North York
in 1967, and then on February
14, 1979, the City of North
York. To commemorate
receiving its city charter on
St. Valentine's Day, the city's
corporate slogan was "The City
with Heart". It now forms the
largest part of the area served
by the "North York Community
Council", a committee of Toronto
City Council.
Apply today for your home
mortgage, refinancing, renewal
or second mortgage in North
York.
North York
Mortgage Refinancing
Many
of our clients in North York are
applying for
mortgage refinancing
in order to
keep on track with their
financial goals.
A great way to save money is by
using a mortgage refinance to pay
off high interest
credit cards & other loans
into ONE lower rate, monthly
mortgage payment . Mortgage
refinancing in Scarborough will help you
save money, increase your
monthly cash flow and
eliminate the stress of
making multiple loan
payments.
We can review your current
North York mortgage and help you
save money.
We have over 40 lenders offering the
lowest mortgage rates
for your
mortgage refinancing
in North York.
Second
Mortgage in North York
Many of our clients in
North York are using a
second mortgage refinancing to consolidate high
interest debts, renovate their homes or pay for
unexpected expenses. A second mortgage does not
replace your existing first mortgage.
It is a
second position mortgage which is advantageous
if you currently hold a favorably low rate first
mortgage and do not want to discharge due to
penalties, fees, etc. Second mortgages can also
be arranged with greater ease due to the amount
of lenders available both institutionally and
privately.
Second mortgage interest rates begin
at the prime rate and up
Borrower qualifications are usually
based more on home equity rather than
credit and income
Most second mortgages are interest
only payments and 1 year terms
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