FREQUENTLY ASKED QUESTIONS
We understand that you may have a lot of questions.
Here are some frequently asked questions along with answers;
We can provide you a commitment letter the same day you call, and sign at the notary within days. Usually, clients can obtain their funds within 3 to 5 days following the first call.
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 out the application form. You will then be contacted by one of our mortgage specialists with a final answer.
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 require our services because your credit score and/or your income may not currently fulfill the requirement of the conventional banks.
No. The financing criteria of Victoria Financial are based solely on the market value of your property. We do not require notice of assessment from Revenu Québec and Canada Revenue Agency. We can lend you money even though you owe money to Revenu Québec and Canada Revenue Agency.
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.
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.
No. Victoria Financial is a self-financed private mortgage company. There is no intermediate, middleman or broker.
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 times, we always find a solution that satisfy both parties.
That is probably the reason why more than 50% of our business comes from referrals.
We will lend you money up to 75% of the value of your properties. The valuation of your property will be performed, free of charge, by our in-house expert.
No, we do not require a property valuation report. The property valuation will be performed, free of charge, by our in-house expert.
No, we only offer mortgage loans.
Yes, but a minimum down-payment of 25% of the purchase price will be required.
Do not hesitate to contact our mortgage specialists toll free at 1 (877) 220-7738. In less than 15 minutes, you could know if you are eligible for a mortgage with Victoria Financial.