What is a Residential mortgage?
A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time.
Buying a home or investing in a property is an exciting time! You're about to take a big step so you'll need some advice from a mortgage professional. We'll give you the facts your bank won't tell you about financing your next purchase. We'll help you find the best rates and best mortgage options to help you buy your dream home.
So, whether you’re buying your first home or seeking an investment property, Sunny Homes Mortgage Brokers have access to dedicated financing including no down payment mortgages and programs for clients meeting specific criteria—to give you more flexibility in your options.
At Sunny Homes Mortgages, we understand that most Canadians have a general understanding of what a mortgage is. We help demystify mortgages to make one of the most important financial and lifestyle decisions a well-informed, comfortable and confident one.
it is important to have a stress-free mortgage experience! At Sunny Home Mortgage Brokers, we will guide you through the entire home-buying process, answer all your questions, and we promise to get the best rate to meet your residential mortgage needs!
Residential mortgages usually take around 90 days to close, but could close as soon as 2 to 3 weeks. On the other hand, commercial mortgages take much longer and could take anywhere from 60 days up to a year.