1 (877) 220-7738

FREQUENTLY ASKED QUESTIONS

We understand that you may have a lot of questions.
Here are some frequently asked questions along with answers;

How long will it take to obtain my money?

We can provide you a commitment letter the same day you call and sign at the notary within days. Normally clients can obtain their funds within 3 to 5 days following the first call.

I am ready to proceed, how can I apply?

You can apply by phone by calling us at 1 (877) 220-7738. Most of the time, a 5-minute call is enough to obtain a final answer.
You can also apply by clicking on the Online Application link in the menu section and fill the application form. You will then be contacted by one of our mortgage specialist with a final answer.

Do you perform credit check and income verification?

No. The financing criteria of Victoria Financial are based solely on the market value of your property. No credit check and income verification will be performed. We understand that you are requiring our services because your credit score and/or your income may not currently fulfill the requirement of the conventional banks.

Do I need to provide my notice of assessment?

No. The financing criteria of Victoria Financial are based solely on the market value of your property. We do not required notice of assessment from Revenu Québec and Canada Revenue Agency. We can lend you money even though you own money to Revenu Québec and Canada Revenue Agency.

Do you offer financing to clients that received a 60-days notice?

Yes. However, you will need to act quickly. As long as a final judgement has not been rendered by the court, Victoria Financial can help you. Our specialists have strong expertise in this domain and will help you sort it out.

Why should I go with a second mortgage?

No. A second position mortgage is advantageous if you currently hold a favorably low rate first mortgage and do not want to discharge due to penalties, fees, etc.

Is Victoria Financial a mortgage broker firm?

No. Victoria Financial is a self-financed private mortgage company. There is no intermediate, middleman or broker.

Is it true that private lenders are there to foreclose on my property?

Unlike most private lenders, Victoria Financial is proud to say that it never repossessed a client’s property. We always make sure that our mortgage loan proposal fit the client’s financial situation. In the hardest time, we always find a solution that satisfy both parties.

That is probably the reason why more then 50% of our business is coming from referral.

Up to which percentage are you financing properties?

We will lend you money up to 75% of the value of your properties. Your valuation of your property will be performed, free of charge, by our in-house expert.

Do we need a property valuation report?

No, we do not required a property valuation report. Your property valuation will be performed, free of charge, by our in-house expert.

Do you offer personal loans?

No, we only offer mortgage loans.

I am looking to buy a first house, can you help?

Yes, but a minimum down-payment of 25% percent of the purchased price will be required.

One More Question?

Do not hesitate to contact our mortgage specialists toll free at 1 (877) 220-7738. In less then 15 minutes you could know if you are eligible for a mortgage with Victoria Financial.


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