Types of Financing Offered
Find the right mortgage loan for your needs
Types of Financing Offered
TYPES OF FINANCING OFFERED
First mortgage and second mortgage
Groupe Lefebvre provides first and second mortgage financing at very competitive rates and offers you financing conditions that align perfectly with your plans. A second mortgage is a great way to obtain additional funding to purchase another property, pay off debts, or renovate your existing property without having to repay your existing mortgage first.
Refinancing
Mortgage refinancing is a loan based on the value of your home. It’s the difference between the current value of your home and your outstanding mortgage balance. This can give you up to 70% of your home’s value in new credit so that you can finance your projects.
Purchase
Whether you’re buying your first home or your dream home, if your down payment is at least 30% of the purchase price, you likely meet our eligibility criteria. This down payment can also come from the equity you hold on your real estate assets. In contrast to traditional banks, our financing criteria are not based on your credit record or annual income. If you have the requisite down payment, we can finance your purchase.
Renovation / Flip
Whether you’re planning a major or minor renovation project or a flip, we have the perfect financing options for your needs.
Construction
We can find a personalized solution for your construction project. Are you a contractor struggling to keep up with demand? Are you planning to build your own home? Feel free to contact us to discuss your construction project.
Notice to exercise (60-day notice)
If you’ve received a 60-day notice from your current lender, it isn’t necessarily an obstacle to obtaining financing with Groupe Lefebvre. You may have the necessary equity to obtain the financing you need to have your 60-day notice cancelled. We have solutions for you.
Debt consolidation
Do you have a number of high-interest debts such as credit cards, car loans, personal loans? As long as you have substantial equity, you can benefit from our financing options at lower rates so that you can reduce your debt and re-establish your financial situation.
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