Description of Program:

Program
Information

The Two Main Goals of the 
Program are to:

1. Provide access to low-cost financing to enable each homeowner to have work performed Professionally and Safely without having to cut corners due to low cash reserves.

2. If possible, place the client in a better financial position as a result of the Renovations and/or Financing.
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Registration

To Register into the Program,
the Following is Required:

1. You must be a Canadian Resident with a valid S.I.N. #

2. You must intend on having a minimum of $500 worth of renovations performed in your home.

3. The application must be made directly on-line by clicking here

 

or by calling  
416-367-8370.

4. The Main Applicant(s) must be the registered Homeowner(s)

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about the lending

About the Lending...
 

In addition to unsecured renovation loans, the program provides each client with a direct referral to one of several program-approved, licensed mortgage brokers and other financial specialists who offer a multitude of equity-based financial solutions. 
(please read disclaimer statement)

These specialists provide access to over 100 public and private Lending Institutions that offer lending at all levels of credit history.

These include Major Banks, Insurance Companies, Trust Companies as well several Institutional and Private Mortgage Lenders.

Collectively, through such referrals to these mortgage professionals, there are literally hundreds of individual mortgage products available to our clients ranging from loans for clients with AAA+ credit to those with the worst possible credit history.

With this number and range of referred mortgage specialists,  almost all of our clients are approved.
If your credit is in good shape, you'll benefit from the lowest possible rates in the country.

If your credit is in rough shape, our referred specialists will find you the money and help you rehabilitate your credit, putting you in a better financial position for the future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

do i have to

Does Aston Whitehall Renovations
Have to Perform the Work?


Not Necessarily.

The Renovation Funding Program relies upon Aston Whitehall to not only perform some of the work through its own "In-House" services, but to oversee the screening and selection of qualified professional companies.

There are several reasons why Aston Whitehall Renovations may not wind up performing the work:

1. The client's home may not be located in an area where there is an approved "in-house" Aston Whitehall Contractor/Dealer.

2. The client has their own contractor and just requires financing.

3. Aston Whitehall may not be able to perform some types of work economically through its in-house contracting service.

4. We may be too busy at the time with other work to start your job within a reasonable time frame.

Note:

Guaranteed Start-to-Finish of all existing jobs in progress is always maintained, whether the job is performed "in-house" or if the job is referred to a participating, independent contractor or sub-trade.

With this in mind, the Renovation Funding Program has created a built-in flexibility that enables the client to have direct access to monies targeted
for renovations.

Please note that there are some types of loans through the Program where only an Approved Aston Whitehall Contractor/Dealer can perform the work. Call for details.

Note: You may also be required to sign a waiver holding Aston Whitehall safe and harmless from any liability relating to work performed by contractors who are not Approved Aston Whitehall Contractor/Dealers. 

Please call 416-367-8370 for details or e-mail us at:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

lending rate

What is the 
Lending Rate?

The rate you pay will depend upon several factors:
1. Your Credit History
2. The Type of Lending Required
3. Other financing that may or may not be offered that is not renovation-related

A re-financed 1st Mortgage that consolidates the existing mortgage with an add-on amount targeted for renovations will have the lowest rate.

By registering into the program, we'll refer you to a program-approved licensed mortgage professional who will give you the lowest rate possible based upon your credit and debt status.


"Spot" Mortgage Rates

Throughout the year, several lending institutions offer unpublicized, limited "bundles" of lower-rate mortgage money for short periods of time.

For example, one "bundle" might contain a total of $2.5 million for a rate that could be 1/4 of a point lower than any other discounted rates for a one or two-day period. 

This unpublicized "Spot Mortgage Money" gets dried up quickly. In fact it takes only 10-15 individual mortgages to use up such an amount

These offerings are often dictated by the lenders' current state of Risk Management, as well as the fluctuating size of its overall Loan Portfolio.

Our program-approved mortgage specialists have quick access to this and other mortgage rate information.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

new home

Can I use the Program to
Purchase a New Home?
Yes.

We receive inquiries regularly from new home buyers across the country who require mortgage financing.

If your new home requires repairs or renovations, you can apply for a Purchase-Plus Improvements Mortgage, where the future value can be used to include the cost of the renovations into one mortgage. For details, click here

And If you purchase or sell your home through a participating realtor, you will receive up to $5,000 in Rebate Credit. for details , click here


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

credit info

What Happens to my
Credit Information?

Information obtained is neither passed on nor sold to any third parties

We are completely dedicated to your privacy and will not reveal any information regarding your application or personal information.

As well, no credit inquiries will be conducted until you have been personally contacted you regarding your registration.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cashca

What if I Just Want 
to Pay Cash?

We are delighted to take cash as payment!

Your registration into the Renovation Funding Program gives you permanent access to all of the services and benefits offered now and in the future.

These include our Cash Rebate Program (for details click here), our Retail Alliance Partnership Program (where participating retail stores offer numerous special discounts and spending limits to our registered clients) as well as access to preferred mortgage lending)

If you are paying cash, you will be required to submit a deposit and progressive payments (staged payments) as the work continues from Start to Finish.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

bad credit

What if I have a 
Poor Credit History?
 
The Renovation Funding Program can still work for you, even if your credit is in bad shape.

With the amount of Lending Institutions involved, the Program is one of the best avenues you will have in obtaining a referral to a qualified mortgage consultant that specializes in the rehabilitation of your credit.

There is no minimum purchase required in order to access The Renovation Funding Program and have access to such  professionals. This enables many of our registered clients to rehabilitate their credit first and purchase renovations at some later date (if required) 

 Credit Rehabilitation has become one of the most important aspects of the program.

The first step and the fastest way to start the process is to register on-line by clicking Here
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