When traditional banks say “no,” Lotus Loans & Mortgages is here to say “let’s find a way.” Private mortgage financing is one of the most effective tools we use to help clients who don’t meet conventional lending criteria—but still need access to mortgage funds quickly and efficiently. What Is Private Mortgage Financing? Private mortgage financing [...]
Self-Employed and Struggling to Get a Mortgage? Lotus Loans & Mortgages Corp Can Help In recent years, more Canadians than ever are embracing self-employment — whether it’s running a small business, freelancing, or contracting. While working for yourself has its perks, it also comes with a unique challenge: qualifying for a mortgage. At Lotus Loans [...]
How a Reverse Mortgage Helped One Retiree Find Financial Peace At Lotus Loans & Mortgages, we often meet clients who’ve worked hard their whole lives, paid off their homes, and are now navigating retirement on a fixed income. For many, it’s a time that should be free of financial stress—but that’s not always the case. [...]
Over the next few years, Canada will see the highest number of mortgage renewals in history. That means millions of homeowners will face higher rates and with that, tough choices. Remember that a mortgage renewal doesn’t mean you have to stay with your current lender. It’s the perfect opportunity to reassess your financial goals, shop [...]
Canada is in a decreasing rate environment — interest rates are dropping, and we’re now seeing fixed rates under 4% available on CMHC-insured deals. And there’s more good news: Variable rates are expected to drop even further, especially with the next Bank of Canada meeting scheduled for April 16, 2025. With so many options and [...]
Exciting news for homeowners started January 15, 2025! A new program will allow refinancing up to 90% of your home’s value, that’s up from 80%—to create secondary suites like basement apartments or laneway homes, as long as they meet municipal zoning and are not used for short-term rentals. This is a game-changer for adding fully [...]
The Bank of Canada has made another big move this past week, cutting by 0.50%, bringing bank Prime down to 5.45%, a full 175 basis points lower than in June. This marks the 5th rate cut this year as the Bank responds to rising unemployment, sluggish GDP growth, and economic uncertainty, including potential tariffs from [...]
How a Second Mortgage from Lotus Loans & Mortgages Corp Can Help You Consolidate Debt Without Breaking Your First Mortgage Are high-interest debts piling up? If you're struggling to manage multiple payments on credit cards or personal loans, you're not alone. Many Canadians are feeling the financial strain of juggling debt, especially with today’s high [...]
Helping Credit-Challenged Clients Achieve Homeownership: How Lotus Loans & Mortgages Supports You Every Step of the Way At Lotus Loans & Mortgages Corp, our mission is to make homeownership accessible to everyone, especially those who may face credit challenges or lack traditional income verification. As a dedicated Mortgage Broker, we specialize in helping clients who [...]
Unlock Your Home Equity with Fraction Mortgages A Lotus Loans and Mortgage, we are a Mortgage Brokerage in Mississauga, ON that is excited to share Fraction Mortgages—an innovative product that allows homeowners to access their home equity without the stress of monthly payments. Unlike traditional options, Fraction offers flexible terms, no age restrictions, and no [...]