Making home and Business dreams a Reality
RESIDENTIAL LENDING
A residential mortgage is a financial loan used to purchase a residential property, where the borrower agrees to repay back to the lender over time through regular monthly payments that include principal and interest. The home itself serves as collateral for the loan, meaning if the borrower fails to make payments, the lender has the legal right to seize and sell the property to recover the owed amount. Residential mortgages usually involve a down payment, a fixed or variable interest rate, and repayment terms such as open or closed structures. This financial arrangement allows individuals to buy homes without paying the entire purchase price upfront, making homeownership more accessible.
At Uptown Financial, our residential mortgage solutions are crafted to meet your individual needs, providing competitive rates, flexible terms, and a seamless application process. Whether you’re a first-time buyer, upgrading to your dream home, or refinancing, our dedicated team is here to support you throughout every step. We recognize that each homeowner has unique goals and financial circumstances, so we customize our mortgage options accordingly. Partnering with us means more than just securing a mortgage—you’re gaining a trusted partner committed to helping you secure your future.
RESIDENTIAL LENDING Solutions
Second Mortgage
Traditional banks can be intimidating with their approval process and many Canadians have shared the discouraging experience of being turned down. At Uptown, we aim to offer you an immediate and practical solution,
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saying yes when others may have said no.
Consider a second mortgage — a favored option allowing you to tap into your home equity for additional funds. These funds can be used as you wish but most often utilized to consolidate troublesome debt, offering homeowners an opportunity to rebuild their credit. Your equity, your choice — put it to work for you!
Self–Employed Mortgage
You have ditched the 9-5 career and now pursuing your dream of being an entrepreneur. When you are self-employed, getting a traditional mortgage can be more difficult due
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to more requirements you must meet to qualify.
At Uptown, we take into consideration your unique financial situation and offer more flexible options. Banks will only lend you up to 65% of your home’s value and focus on your gross income. A self-employed mortgage through Uptown can offer you a higher loan to value with the possibility of a lower interest rate. We understand that income is not always easy to prove but we take this into account and find a solution.
Home Equity Loans
Dealing with those persistent calls from creditors? Kids going off to university? Basement had a flood? You may need an easy way to access funds when expenses start creeping up. Uptown’s home equity loan or
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line of credit can provide you with that financial relief. Designed to help manage your finances while making life stress free.
At Uptown, we offer fast, accessible cash, even when your credit score is low. Our lending rates are often lower than your traditional bank saving you money in the long run. Whether you are looking to consolidate higher interest rate debt, tackle home repairs, or maximize your investments, remember it’s your equity, your money, and your choice.
Consider a second mortgage—a favored option allowing you to tap into your home equity for additional funds. These funds can be used as you wish but most often utilized to consolidate troublesome debt, offering homeowners an opportunity to rebuild their credit. Your equity, your choice—put it to work for you!
Private Mortgages
Are you looking to purchase property or need refinancing but struggling with the financial institutions strict guidelines on lending money? When banks are not willing to help you, getting a private mortgage can
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sometimes be the only solution. Uptown offers hassle-free private mortgages with many alternative financing options.
At Uptown, we believe that everyone deserves a financial solution that will help them with their specific needs. Our lending requirements are more relaxed and focused on the value of the property being mortgaged. With our quick approval process and access to funds immediately, let Uptown be your first choice to secure the funds you need.
Mortgage Arrears
When you have missed one or more regularly scheduled mortgage payments, you are now considered in arrears. This could mean facing foreclosure or power of sale which is a serious threat to your home and
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family. Struggling with mortgage debt can be stressful and it can be hard to know where to start. Let Uptown help you explore your options and assist you in managing your mortgage payments before legal action is taken. Start with us, we are your mortgage arrears solution.
At Uptown, you are not just a client, you are family. We want to be there for you during the hard times and are willing to work out options that will keep you in your home. Regardless of the reason for your arrears, it is important to take action as soon as possible and explain your situation to the lender. Let’s do this together-don’t panic or delay.
Mortgage Switch/Renewal
When your current mortgage is up for renewal, you have several decisions to make-the most important being whether you stay with your current lender or switch to a new one.
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Statistics reveal that many mortgage holders don’t explore other options, even when better deals exist. This is not ideal and potentially leads to higher interest rates and regrettable terms.
At Uptown, we make switching the smart choice by providing you flexibility with mortgage terms thus avoiding payments that strain your lifestyle. We have access to multiple lenders and will shop around to find the ultimate mortgage product for your specific needs. If your current lender is not offering you the best mortgage renewal agreement to stay, it’s time to say goodbye. Make the switch and take advantage of the best possible options that will impact your long-term financial goals.
At Uptown, you are not just a client, you are family. We want to be there for you during the hard times and are willing to work out options that will keep you in your home. Regardless of the reason for your arrears, it is important to take action as soon as possible and explain your situation to the lender. Let’s do this together-don’t panic or delay.
Did you Know?
Improving your credit score by just a few points can significantly lower your mortgage interest rate, potentially saving you thousands of dollars over the life of your loan.
What We Assess for a
Residential Mortgage Loan
Residential Mortgage Loan
24-Hour Approval-Apply Today!
3 Simple Steps!
3 Simple Steps!
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This is a fast and secure process.
Get Approved
Accept our offer.
Receive your Funds
Funds are deposited into your account.
Residential Lending FAQ’s
The required down payment varies depending on factors such as the type of mortgage you’re applying for and the lender’s requirements.
Typically, you’ll need to put down at least 5% of the total property cost to qualify for a mortgage. If your down payment is less than 20%, mortgage insurance will be necessary.
Your mortgage advisor can provide personalized guidance based on your financial situation and the specific home you’re interested in purchasing.
The mortgage approval process involves several steps. First, you’ll complete a mortgage application and provide documentation, including proof of income, assets, and liabilities. The lender will then review your application and assess your creditworthiness, employment history, and financial situation. Second, if your application meets the lender’s criteria, you’ll receive a preapproval or conditional approval letter, indicating the loan amount and terms you qualify for.
Once you find a suitable property and the lender completes a property appraisal and title search, you’ll proceed to final loan approval and closing. It’s essential to work closely with your mortgage advisor throughout the process to ensure a smooth transaction.
One of the most common elements evaluated by a mortgage lender is your credit history/credit score. It is important to maintain this if you want to qualify for a mortgage with a low interest rate. Another key factor is the size of your down payment. Typically, lenders will offer a lower interest rate with larger down payments.
Lenders will want to review your income to ensure you will be able to make your mortgage payments on time. Other factors include your employment status, debt-to-income ratio, and your assets/liabilities.
Commercial Lending
A commercial mortgage is a loan specifically used to purchase or refinance income-producing real estate such as office buildings, retail centers, warehouses, or multifamily apartment complexes. Unlike residential mortgages, commercial mortgages typically have higher interest rates, shorter terms, and more complex qualification criteria, often based on the property’s income-generating potential rather than solely on the borrower’s personal creditworthiness. These loans are commonly used by investors, business owners, or developers to fund real estate projects focusing on income and growth.
Partnering with Uptown financial for your commercial mortgage offers several key advantages, including personalized service that aligns with your business needs, flexible loan terms that accommodate your specific financial situation, and expedited approval processes that can help you seize growth opportunities more quickly. We recognize that each enterprise is unique, which is why our commercial mortgage solutions are designed to match your individual goals. Whether you’re looking to grow your business, acquire new properties, or refinance existing assets, our experienced team is committed to providing the support needed to successfully grow your business.
Commercial LENDING Solutions
Line of Credit
Secure flexible funding with a commercial line of credit tailored to your business needs. Access funds as needed to support day-to-day operations, manage cash flow, or seize new opportunities without
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the hassle of traditional loan
Commercial Term Loans
Grow your business with long-term financing solutions through commercial term loans. Whether you’re expanding operations, investing in new equipment, or launching a new
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product line, our term loans offer competitive rates and structured repayment plans to support your business goals.
Commercial Mortgages
Unlock the potential of commercial real estate with tailored mortgage solutions. Whether you’re purchasing, refinancing, or renovating, our commercial mortgage options
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provide the capital you need to achieve your real estate objectives.
Capital Leases
Acquire essential equipment or machinery with ease through capital leases. Enjoy the benefits of asset ownership without the upfront costs, as well as flexible lease terms designed to align with your
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business’s cash flow and operational needs.
Commercial Acquisition Financing
Seize growth opportunities with confidence through commercial acquisition financing. Whether you’re acquiring a new business or expanding your existing operations,
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our financing solutions provide the capital and support you need to execute successful acquisitions.
Commercial Refinancing
Optimize your business’s financial position with commercial refinancing solutions. Lower your interest rates, extend your repayment terms, or access equity in your existing assets
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to free up capital for growth initiatives or debt consolidation.
Did you Know?
Commercial real estate investments can offer lucrative returns through leasing income and property appreciation, making them a popular choice for investors seeking diversification and steady cash flow.
What We Assess for a
Commercial Mortgage Loan
Commercial Mortgage Loan
Commercial Mortgage Loan Process:
Where should you start?
Where should you start?
Uptown’s 4-Step Process:
Application
Underwriting
Approval And
Commitment
Closing
Uptown’s Commercial Mortgage Loans will empower business borrowers to develop and thrive for success. With a diverse array of lending choices and ample access to capital, we deliver financing solutions that align with your business goals. Our team is comprised of industry experts who are passionate and dedicated to guiding you through each stage of the process, ensuring your success.
Get Started
Contact us today and let’s explore the
opportunities together!
Commercial Lending FAQ’s
The required down payment for a commercial mortgage varies based on factors like the property type and lender’s criteria. Generally, a larger down payment is expected compared to residential mortgages. Our team can provide guidance on the minimum down payment required for your specific financing needs.
Alongside the principal and interest payments, additional fees may apply with a commercial mortgage. These may include appraisal fees, legal fees, property insurance, and loan origination fees. Our experts will outline all potential fees upfront to ensure transparency throughout the financing process.
The maximum loan amount you can borrow with a commercial mortgage depends on various factors, including the property’s value, income potential, and borrower qualifications. Our team will assess your financial situation and property details to determine the maximum loan amount available to you.
