Business Loan

Use Your Home Equity To Help Finance Your Business!

It is not uncommon for business owners to require financial help in order to turn their entrepreneurial dreams into reality or to keep an existing company growing or afloat. If you need money to purchase necessary equipment, fund marketing campaigns or cover your payroll, it may be beneficial to take out a small-business loan using your home equity. A small-business loan is not the same as other types of loans, and it’s important to understand how the different loans work before you decide to apply for one.

Many of our customers find that a home equity loan is the cheapest way to finance and fund their business needs.

Application Requirements

Often times, the application for a small-business loan through a bank or another institutional lender can be a draining process. It may seem that there is almost an endless amount of information the lender may require from you to even begin your application process without any guarantee of approval. This is why many homeowners choose to apply for a home equity loan to fund a business that they own. The process is simple and in some cases the borrower can receive their loan funds in as little as 48 hours.

Mortgage Affordability Calculator

Our Clover Mortgage Affordability Calculator can help you determine how much of a mortgage and property you can afford.

Please enter the requested income and expense details below.

Total Annual Income (before taxes):

Annual Property Taxes:

Monthly Condo Fees (if applicable):

Monthly Heating Expense:

Monthly Debt Payments:

Please enter your expected mortgage details below.

Down Payment:

Mortgage Interest Rate:

Term:

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Amortization:

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Results

You potentially qualify for a maximum mortgage of up to $0,00 or a maximum monthly mortgage payment of up to $0,00*

*This is not a pre-approval and not an approved mortgage quote. This is merely an estimated calculation based on a 39% maximum TDS and the maximum mortgage amount and maximum monthly mortgage payment that you might qualify for may vary depending on a variety of factors including, but not limited to, the loan to value, the credit scores and credit histories of all applicants, the income reported on official government filed tax documents, the location and condition of the property, and more. For a more precise quote, please contact Clover Mortgage by phone 416-674-6222 or by email at info@clovermortgage.ca

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By submitting this form you agree to allow Clover Mortgage Inc. to use and disclose any information collected through this form and through subsequent correspondences in accordance with our Privacy Policy, and as deemed necessary by Clover Mortgage Inc., to process your mortgage request and application to the best of our abilities. This includes, but is not limited to, sharing your personal information with Clover Mortgage Inc. employees, subcontractors, and third party affiliates for the purposes of processing your mortgage request and application.

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Clover Mortgage Inc. has access to Ontario`s lowest rates

What yuo can affordability:

• Gross Household Mountly Income: $0
• Down Payment: $0
• Term: $0
• Interest Rate: $0
• Amortization: $0
• Heating: $0
• Property Taxes: $0
• Condo Fees: $0
• Total Monthly Debt: $0

Based on the numbers you entered above you can borrow a maximum of $0 which iresults in a pament of $0 per month.

CONTACT ME TODAY!

Steven Tulman steven@clovermortgage.ca 416-674-6222 77 City Centre, Suite 150 Mississauga, ON L5B 1M

Advantages To A Home Equity Loan To Finance Your Business

Quick and easy application process– Banks require verification of all your credentials and details about the business before sanctioning a loan. For a home equity loan the lenders are mostly interested in the value and equity available in your home or property. They are typically not concerned with the details of your business.

Homeowners get approved – As long as you own a home, have enough equity in your home for the loan amount required,  and are able to make the repayment obligations, you are more likely to get approved.

Entire amount granted– Banks are known for not agreeing to grant the whole amount requested for a loan. They usually grant only 70% or 80 % of the sum applied for. With a home equity loan you can get up to 80% and in some cases even 90% of the value of your home or property as a loan!

Get approved for a Home Equity Loan to help finance your business today!