Renovation & Fixes
Renovation & Fixes
Debt Consolidation
Education & Tuition
CRA Tax Arrears
Investment Opportunity
Construction Financing
Urgent Personal Needs
Business Capital
Gets Free Credit Monitoring for a year. And an exit plan for your HomeFlex Equity Loan.
See how we can help relieve you of your debts!
Get your approval within 1 minute
Go through our easy submission process
We compare your property value with data saving time and money
Get a Quick approval within minutes with our easy submit process. We compare your property value with our data saving you time and money.
Find out your property's value with Canada's most accurate home estimate tool.
Instant Valuation of Your Home207 O'neal Road, Salisbury, New Brunswick
Over time, your mortgage balance declines as you continue to make payments, and your equity increases as the property value increases. This results in a difference between the mortgage balance and the value. You can apply for a Home Equity loan to tap into this equity without any credit or income requirements. The Home Equity loan acts like any other mortgage like a line of credit offered by the big banks and lets you make monthly payments towards the loan like a regular mortgage.
Lendmax uses a lawyer to complete the approval and disbursement of the equity and it is then transferred into your account. Once the Home Equity loan is set up, your fixed monthly payments are paid towards this 2nd Mortgage.
Lendmax uses a simple interest calculation. That means an Annual Percentage Rate applicable to the loan amount will determine your interest for the year, divided into equal payments on a term or your choice.
Once your Home Equity loan is entirely paid off, there are no payments required. If you choose to keep the mortgage account active, the amount you borrowed can be readvanced without any lender fees.
Lendmax offers home equity loans for all purposes, without any of the usual bank restrictions.
At any time, you can choose to pay off your Home Equity loan in full and refinance, consolidate or close the account.
Yes, Lendmax specializes in customized mortgage solutions, which means more than one properties may be used as collateral towards the home equity loan.
For most properties, our internal proprietary Evaluation Technology will determine the property value and a home appraisal may not be required. Lendmax offers funding Ontario Wide, some property values are harder to assess and an appraisal may be required.
Canada is undergoing a housing and rental affordability crisis due to sudden changes in mortgageregulations, stagnant wages, and population growth. If you’ve been paying attention to the realestate market at all recently, you’ve likely heard about the soaring property prices. If you’re in themarket for your first home, this news might be pretty disappointing. However, homeowners,know […]
If you’re like most people, your home is your biggest investment. So, when it’s timeto sell, you want to get the best possible price for it. But did you know that if youhave a mortgage on your home, the bank may impose a penalty if you pay it off early?Most mortgages in Canada are “closed” […]
If you’re reading this, it’s because you or someone you know needs a renovationloan. And, to compound the problem, bad credit. Well, do not despair. It’s not ahopeless situation. You’ve come to the right place. In fact, contrary to what you maythink or have heard, you can get it faster than you think. Still interested? […]
If you’re self-employed, you may find it harder to get a home equity loan than if you were employedby someone else. The reason for this is that when you’re self-employed, the only income thatlenders can use to assess your ability to repay the loan is your personal income. As someone self-employed, this can make it […]
Lendmax strives to be the most competitive lender. This means we compare our offering with many lenders in the market. We understand rates are important as a deciding factor and want you to be confident when choosing us. Comparing other lenders also requires and apple to apple comparison of lender fees, legal charges, appraisal costs, flexibility in funding timelines, terms offered, renewal fees, penalties, discharge fees and non-payment costs. We are confident you will be getting the best rates here!
Chief Executive Officer
Sammy is the CEO of Lendmax Mortgage Capital, with a strong vision to build a better product for clients, he set out in the banking industry to make a difference and got sucked into the mortgage market where he spent a decade in origination, underwriting, exit planning, client management, investor relations and identifying opportunities to help families make more money as an investor.
Sami’s ability to work with clients and uncover their potential has been as asset for the banks he worked for. Sami soon realized he could do more by being independent, learning and working in the private mortgage space helped him achieve success in the business and grow into a leadership role which focuses on guiding the investor community to a tried and tested process of wealth creation.
Over the last several years Sami’s experience in investment planning with the banks is the basis of his versatile guidance offered to a network of high net worth clients during his tenure in the mortgage financial industry has resulted in a committed following that helped his clients achieve their investment goals. It also helped him create mortgage products that deliver much needed flexible solutions to the Canadian Mortgage Market while working with a concentrated focus on mitigating risk, he created programs that actually help borrowers, used technology to build an infrastructure and is now aiming at establishing a diversified mortgage offering investment corporation, all of this with attention to tax saving opportunities for Lendmax Mortgage Capital Investors.
