What we can do for you.   

Residential mortgage

Commercial Financing

Debt consolidation

Business loans. Credit lines

Construction loans

Private mortgage

Car loans

Business Financing

Investment opportunities

Residential mortgage

If you have a good credit history, we will help to get mortgage with a lowest market rate. Such rates usually are not available at the bank branches. Also we can arrange mortgage for co-ownership apartments. 

Commercial Financing

COMMERCIAL MORTGAGES - $10,000-$50,000,000 TrueLoan offers competitive mortgage rates for commercial and business projects. Similar to a Home Mortgage, Commercial Mortgages usually are owned by an individual or business. An initial application is required, and usually a bigger down-payment is required for commercial properties. Interest rates are determined by credit scores and the 'overall picture'. TrueLoan services commercial properties across Canada, and can over see the project from start to finish. Please send us a request; also please include a bill of sale or MLS listing of the property for consideration

Debt consolidation

A Debt Consolidation loan is a personal loan that allows you to consolidate many other debts into one. For example, if you have three credit cards, you may be able to eliminate your credit card debt  by getting a Debt Consolidation loan to pay off the credit cards, so that you only have one payment each month instead of three. One of the most popular forms of debt consolidation loans in Canada is a debt consolidation mortgage loan on your home. In Canada, lenders will provide you with a mortgage (a loan against your house) for up to 100% of the value of your home.

Business loans. Credit lines

We can help you to get a business loan if:

• you have sufficient experience and training to operate a successful business?
• you prepared a loan proposal and business plan that demonstrate your understanding of and commitment to the success of the business?
• you can show that the business have sufficient cash flow to make the monthly payments?

Up to 100% financing possible. Credit report may not be required.

Tips: How can you be ready for a business loan?

• Be totally open with the institution.
• Provide all necessary documents
• Provide statements of business activity
• Have a complete business plan
• Provide statements and/or quotes for what you are using the money for
• Use comparable models to better equip yourself
• Use a portion of your money as a 'down payment'
• Have a game plan
• Be realistic

Construction loans

Construction loans are story loans. That means that the lender has to know the story behind the planned construction before they're willing to loan you money. Because it's a story loan, it's not going to be standardized like mortgage loans underwritten to Freddie Mac or Fannie Mae guidelines. That said, there are some common features to a construction loan. Construction loans typically require interest-only payments during construction and become due upon completion. Completion for homeowners means that the house has its certificate of occupancy

Private mortgage

In some cases you have no choice but apply for private mortgage. Conventional lenders have turned you down and you are unable to obtain financing from other sources. Typically you will be self employed or may have had some credit problems in the past. This does not mean you are a bad person; just that you do not meet the stringent lending criteria of the banks.

Maybe you are trying to buy that dream home but don't meet the banks or CMHC's requirements. Maybe you want to buy that small cottage in the middle of no where. Or maybe you are falling behind on your debts and need to refinance everything to try and save your home and stave off bankruptcy.

A private mortgage could be an ideal solution to your dilemma.

Yes, you will pay a higher interest rate and yes, there will be additional fees. Your interest rate and the fees involved in arranging the mortgage will be determined by the level of risk involved in the transaction. A typical borrower that is considered to be a moderate level of risk could expect to pay a rate between 8% and 11% and fees equal to 2-4% of the mortgage amount. High risk borrower might be requested to pay to pay a little more.

A private mortgage may only be a short term solution. Once you have demonstrated your ability to make your mortgage payments on a timely basis we will assist you to obtain mortgage from financial institution. Most bankers would take another serious look at your situation after about a year.

Car loans

TrueLoan.ca is dedicated to provide you with a one-stop shop for all your automotive needs. From purchasing a car, financing a car, getting a warranty and finding automobile insurance, TrueLoan.ca is your one stop shop to get you in your new vehicle with little or no downtime.

Automotive Purchasing - Every dealer has numerous cars available and can help you in any type of vehicle you are looking for. Vehicles are sold Certified and emission tested to meet Ontario license standards, unless noted. All the prices are extremely competitive.

Automotive Financing.  Interest rates are determined by credit score and income. Rates range from 9.5%-29.9%

Automotive Warranty - Warranty's are available through our car warranty partner companies, please provide model, make and kilometers to one of our representatives for a free quotation with different options for your used vehicle warranty

Business financing

There are numerous lenders that are anxious to lend into the following areas and assets. Focusing on these areas and assets will help with easier and quicker approvals. Rates can start as low as 5.75% for clients that qualify financially. Covered equipment:

Technology

Computers/servers, phone systems, photocopiers, security, pos etc.

Investment opportunities

As a private investor you may be looking for ways to diversify your portfolio. We offer private investors an alternative wealth building tool with the benefit of real estate security and monthly income. We prepare a complete underwriting package on your behalf.