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Line Of Credit Hamilton

Most people aren’t in debt on purpose; more often than not debt happens when an unexpected expense or financial issue pops up. We cannot predict the future and people tend to ignore the fact that they need money to fall back on when they encounter difficulties in their lives. This is where a line of credit in Hamilton can help. Are you looking to secure a line of credit to help you pay off debt, help with home renovations, pay for tuition, or for another reason? Well if so, Access Mortgage can help! Read on for more information about a line of credit from Access Mortgage.

Click here to set up your call with an Access Mortgage professional!

What is a line of credit in Hamilton?

A line of credit is a temporary loan that is used to cover emergencies, short-term financial loss or pre-planned purchases or investments. When you take out a line of credit in Hamilton you don’t pay any interest or annual fees unless you use it. Typically you pay 3% of your outstanding balance plus the interest. This temporary loan is a flexible way to borrow. You can use it to renovate your home or pay off higher interest debt. Some of the benefits of a line of credit are that it is convenient, interest is only charged on the amount you use and there is no need to re-apply; you can use it again even after paying off the credit you used and you choose how you repay the loan.

What are some different options for a line of credit?

A line of credit can come in a variety of forms, some of these forms include:

Secured Line Of Credit:

A secured line of credit is backed by a valuable asset like your home or business. A secured line of credit has lower interest rates because it is secured against a valuable asset. Paying back the loan depends on the borrower’s circumstances and the asset that it is secured against.

Personal Line Of Credit:

A personal line of credit may be used for unexpected expenses or consolidating higher interest rate loans. Interest rates are usually lower than for credit cards and personal loans.

Home Equity Line Of Credit (HELOC):

A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans, such as credit cards.

Unsecured Line Of Credit:

An unsecured line of credit is not backed up by any asset. The unsecured line of credit accumulates more interest that a secured one.

For more information about a line of credit in Hamilton and how Access Mortgage can help you secure one, please feel free to continue browsing through our website. Click here to find our contact information and to fill out our contact form.

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WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
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    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
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    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
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    JULIE - HAMILTON, ON
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    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

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    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
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    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

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  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
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    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

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