All loans are subject to credit and underwriting approval. Further documentation may be requested from you. Canadian Cash Solutions is not a lender but a lead referral company and may be compensated for its referrals. Loans range from $300-$2.1 million (additional for mortgages) with terms of approximately 2 months to 72 Months (additional for mortgages). APRs range from 2.5% to 29% and will be dependent upon our partner's assessment of your credit profile. For example, on a $1200 loan paid monthly over 12 months, a person may pay $114.05 per month for a total of $1368.64 over the course of the entire loan period. This amount includes our partner's optional loan protection policy. In the event of a missed payment, you are subject to an insufficient funds fee from about $30-$70 (dependent on the lender). Once a loan is in default, your payment plan will be terminated. Different collection methods may be employed to collect your remaining balance. Failure to pay will result in possible legal action and any outstanding debt may be pursued by the full extent of legal options. Our lenders employ fair collection practices.
Note: Canadian Cash Solutions and its affiliates will never ask or charge you any pre-qualification or application fees. Canadian Cash Solution is not a lender but a leading referral company in the finance industry. Canadian Cash Solutions and all of its financial partners adhere strictly to Canadian laws and regulations. To protect yourself, read more on this topic here.
Does getting approved for a new mortgage loan feel impossible? Well, it’s actually not. A multiple collaterals loans allow you to leverage your home’s equity by securing your loan with multiple other properties. You get to use your own property or the property of family and friends to get the loan that you need.
How does it work?
The requirement for a multiple collateral loans is that you have a second property to leverage a loan from. The approval process does not vary depending on if it is your own property or if it is the property of a family or friends. When your mortgage loan is approved, both individuals become evenly liable.
When is it the right choice?
Multiple Collateral Loans works great in the following circumstances:
- Those who have a lot of equity in assets, but not a lot of cash.
- Those looking for a second mortgage.
- Those looking to live a debt free life and a promising financial future.
Maybe you feel tied down to past financial mistakes. Multiple collateral loans mean that you can get a private lender who is willing to give you the money you need and see past your financial history. This loan is great for people with bad credit, but has been used and is still being used to benefit people in a wide variety of financial circumstances.
Get Started Today
We would love you start you on your journey to financial success. Let us match you with a private lender who can help you meet your financial needs. If you feel like multiple collateral loans are right for you, give us a call and we would love to get you started or answer any questions.