Mortgages For Pensioners. Fast Approval And Great Low Rates.
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We Approve All Financial Situations In Ontario
Since the financial crisis in 2008, risk-averse high-street lenders and major banks in Ontario have generally been unwilling to lend to retirees, claiming that their income is too unpredictable. Even today, most lenders still don’t want anything to do with mortgages for over 60s or mortgages for pensioners. The main risk factor for Pensioners is the ability to make repayments until the end of the mortgage term.
However, our specialist lenders at Private Lenders Ontario have relaxed lending criteria for pensioners. Borrowers can now get mortgages up to the age of 80. When you call our private lending mortgage team today, we will not only take the time to understand your financial needs as a pensioner but rest assured that, our team will look for every possible discount we can offer to get the best rate for you.
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