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Pickering
is a city located immediately
east of Toronto in Durham
Region, Ontario. It is
part of the Greater Toronto Area
.
Pickering has experienced
rapid growth in recent years. Between the 1996 and
2001 censuses, the municipality
experienced a growth rate of 10
percent (78,989 people to
87,139). Population growth has
slowed considerably in recent
years, growing only slightly
between the 2001 and 2006
census. Consequently, the city has
estimated that by 2023,
Pickering will be home to
nearly 170,000 residents. The
province of Ontario has also
designated Pickering as
one of two municipalities in
Durham Region as an urban growth
centre. Apply today
for your home mortgage,
refinancing, renewal or second
mortgage in Pickering.
Pickering Mortgage Refinancing
Many
of our clients in Pickering 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 will help you
save money, increase your
monthly cash flow and
eliminate the stress of
making multiple loan
payments.
We can review your current
home mortgage and help you
save money.
We have over 40 lenders offering the
lowest mortgage rates
for your
mortgage refinancing
in Pickering.
Second
Mortgages in Pickering
Many of our clients in
Pickering 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 |
