|
Scarborough is the area that
forms the eastern part of the
City of Toronto, Ontario. It was
named by Elizabeth Simcoe in
1796 who was inspired by the
Scarborough Bluffs which
reminded her of the white cliffs
near her home in England.
Initially a collection of rural
villages it has grown to become
a diverse urban community. Over
a period of 200 years it grew
from a township to a city, but
has been part of the East
District of Toronto since 1998.
The Scarborough name is still
used by local residents, and is
recognised by Canada Post as a
municipality name.
Scarborough has
characteristics of a suburb of
old Toronto, but retains much of
its own character and flavour.
Because of the topography of the
Bluffs, the Rouge Valley and the
other creeks and minor
tributaries, Scarborough is said
to be the greenest and leafiest
part of Toronto.
Apply today for your home
mortgage, refinancing, renewal
or second mortgage in
Scarborough.
Scarborough
Mortgage Refinancing
Many
of our clients in Scarborough 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
Scarborough mortgage and help you
save money.
We have over 40 lenders offering the
lowest mortgage rates
for your
mortgage refinancing
in Scarborough.
Second
Mortgages in Scarborough
Many of our clients in
Scarborough 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
|
