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Your Pre-Approval Request Was Sent!
Our team will reach out with your pre-approval within 48 hours. If you would like to speak with someone right away, please reach out at (587) 336-5605 or info@draftfinancial.ca
FAQS
What is a private lender?
A private lender lends out their own money. We are not bound by the same rules and restrictions as traditional banks. The banks say NO, we say YES.
What is needed to qualify for a Home Equity Loan?
If the value of your home is greater than what you owe on your mortgage, you qualify for a Home Equity Loan. Approval is not based on your current credit status. We do not conduct credit checks or require proof of employment.
Can I borrow money against my house when it is for sale?
If the value of your home is greater than what you owe on your mortgage, you qualify for a Home Equity Loan. Approval is not based on your current credit status. We do not conduct credit checks or require proof of employment.
How long does it take to get approved?
It can take as little as 2 hours! After filling out the contact form, we will reach out to request any documentation that is needed to complete the loan. For example, your current mortgage statement. Once the documents are received, you will have your answer. It’s just that easy.
What can I use a Home Equity Loan for?
You can start a business. Pay your property taxes. Consolidate your person debts. Pay Revenue Canada. Renovate your home. Enjoy a vacation or invest in the stock market.
Can I borrow money with bad credit?
Yes. If the value of your property is more than you owe – we will lend you money, regardless of your credit. We lend on the equity in your home, not your credit.