Whether you’re buying for the first time, refinancing your existing home or building a brand-new one, your Clarien Bank mortgage advisor will sit down with you to learn all about your needs, goals and resources. With the big picture in mind, we’ll help you with:
Are you considering purchasing an income property, or finally buying that home-away-from-home? A Clarien Bank Home investment loan allows you to finance the purchase of a second property using the equity in your primary home. (Equity is the difference between the market value of your home and the amount still owing on it.)
Compared with a personal loan, you’ll get a better interest rate and a longer term—giving you the freedom to expand your horizons.
Generally speaking, you’ll need a down payment of least 25% of the purchase price. Depending on your personal circumstances, Clarien Bank can work with you to arrange a smaller down payment by leveraging either your own assets, or a guarantor’s.
Start by talking with a Clarien Bank mortgage specialist. Based on your personal income and expenses, we can quickly calculate a mortgage amount that is comfortable for you and realistic. In many cases, we can even pre-approve to a specified fair market value.
Once we receive your application, your Clarien Bank mortgage specialist will contact you, usually within 48 hours. After that consultation, you will generally receive a decision within another 72 hours, depending on your individual circumstances.
Make sure your application is complete and accurate by providing: