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PRIVATE MORTGAGES

Calvert Home Mortgage provides real estate financing for properties in Alberta

Equity take out

Property owners often look to take equity out of their property through either refinancing an existing mortgage, or getting a second mortgage added on. The Equity Take Out is great for accessing your equity to pay off timely debts, to renovate, and to fund any other situation when owners need cash out on their equity, fast!

Problem:

Debt doesn’t wait; the deal needs to close fast

The terms on the first mortgage make it financially challenging to payout (payout penalties, appraisal fees and other fees)

The expiry dates on the first and second mortgage don’t align and results in eventual payout penalties

Solution:

We allow first mortgages to remain on title when opening a second mortgage. We align the expiry terms on our second mortgage to avoid costly payout penalties to save you money. We understand that these deals need to close quick, so we perform our own in-house evaluations of the property, and do our own legal work, both at which are at no cost to our clients.