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60 day notice or legal mortgage
60 day notice or legal mortgage
Your current lender wants to be reimbursed et requires the immediate reimbursement of late payments and fees? If not, after the 60 day period, he will seize your property and you will lose your equity, Don’t wait to the last minute! We can offer you a first or second mortgage loan.
Eligibility conditions for a private loan from Excel Finance.
- Loan Amount: $ 30,000 and above
- Maximum loan value: 75% of the value of your property
- Interest rates starting at 9.9%
- Monthly interest payments only
- Minimum term of 6 months
- Territory: properties located in the province of Québec
- Appraisals generally required
Example of loans
60 day notice
Situation
The bank refuses to renew the mortgage loan.
Problem
The borrower has many late payments due to illness.
Solution
First rank mortgage loan : Excel Finance will repay the Bank
Exit Plan
First rank mortgage by Excel Finance to replace current lender. Since the borrower has a good job, he will be able to apply for a loan with another bank.
Legal mortgage
Situation
The borrower must pay a contractor.
Problem
Banks generally do not lend money to pay legal mortgages
Solution
Second rank mortgage by Excel Finance to repay the amount necessary to eliminate the legal mortgage.
Exit Plan
Without the legal mortgage, the bank will be willing to refinance the property.
Agricultural loan
Situation
The bank recalls the line of credit.
Problem
The borrower did not respect the loan conditions
Solution
First rank mortgage: Excel finance will repay the bank.
Exit Plan
The borrower will improve his agricultural operations and within 12-24 months he will be able to request a loan from the bank.
Request a loan on line right now!