Oshawa Home Equity Loans Now Provided by OshawaMortgageGroup.ca

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Toronto, ON -- (SBWire) -- 01/09/2017 --For many people, a home equity loan provides a flexible tool to finance a building project without worrying about the extra budget. The Oshawa Mortgage Group Canada now allows homeowners to borrow the extra cash they need for renovations, vacations, and education among other investment opportunities. A home equity loan gives one an opportunity to address a person's financial needs.

The Oshawa Mortgage Group allows clients to borrow home equity loans for different purposes. These reasons include home improvement and renovations, paying off high-interest rate debts all through to refinancing existing debts. There are many reasons to apply for a home equity loan. Basically, the loans are meant to help people improve their financial situation, home or future prospects.

Many people have been using Oshawa Mortgage Group's home equity loans to pay off credit card debt and other high-interest debts. The interest rates borrowers pay to the lender is lower compared to interest rates paid on credit card debts which go up to 10 percent or more. In addition, the borrower will have the opportunity of paying off their credit card debts with a single payment and over a longer period of time.

Homeowners can use Oshawa Mortgage Group's home equity loans for home improvements such as repairs and upgrades. The loan can be used for home improvements aimed at either making the home more comfortable or increasing its value. It's upon the homeowner to decide what he or she needs.

Oshawa Mortgage Group's loans can also be taken by clients for the purpose of financing education. That way, it is easier to pay the loan since education promises a potentially paying job and a bright financial future.

An equity loan can also be taken to start or fund a business venture, buy stocks or invest in other properties.

Many of the private equity loan lenders in Oshawa allow clients to borrow as little as $20,000 with the term of a mortgage going up to 1 year or more. They can lend on any properties with a loan to value ratio of up to 85 percent (Loan to value equals the value of mortgage divided by the value of the home). Their decision to lend is based on equity and the value of the property is used as collateral not the client's credit.

One of the benefits of borrowing an equity loan from a private lender is that the borrower doesn't have to worry about bad credit history. Private mortgage lenders stand in the gap where banks cannot provide these loans. The home serves as collateral and one can get an equity loan of as little as $20,000.

Ontario mortgage broker Ron Alphonso states that, "The main goal as a private mortgage provider in Ontario is to provide low cost mortgage financing that fits the needs of every client," He goes ahead to explain why equity loans are a lower interest alternatives to credit card debts, unsecured debts, and payday loans.

"Mortgage agents are highly qualified and licensed to issue any form of loans, including equity loans,' Says Alphonso. "Their aim is to give homeowners the right financing package for the situation."

Ron Alphonso
Oshawa Mortgage Group
Address: 100 Consilium Pl. Suite 200 Toronto, ON, M1H 3E3, Canada
Website: http://oshawamortgagegroup.ca/
Email: info@oshawamortgagegroup.ca
Phone: 289-216-0961

Media Relations Contact

Ron Alphonso
http://oshawamortgagegroup.ca/

View this press release online at: http://rwire.com/758059