Hello everyone,
I’m working as a Network Engineer in a multinational corporation for more than five years. I'm planning to start a new business venture along with my few trusted colleagues. Now, I'm forced to raise a huge fund urgently. I have inquired regarding various commercial loans. But, I think it’s not easy to secure one with an affordable interest rate.
So, I’m looking for a home equity mortgage. I own a house in Toronto nearby Wychwood Barns Park. I have heard that the difference between 80% of the home’s appraised value and the unpaid balance of the existing mortgage would be the credit limit. While browsing the internet, I came across a few
mortgage lending companies in Toronto and nearby. What are the documents needed for securing a home equity mortgage? If you know something related to this, please let me know.
