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Different people need loans for different
reasons.
We know how difficult it can be to obtain loan approval from the
bank if:
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Your credit rating is less than perfect
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You are behind in your mortgage payments
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You are in foreclosure
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You are retired
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You are self-employed
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You have not been employed by your current employer for at least three (3)
years
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You have recently been laid off, or "down-sized"
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You are recently separated or divorced
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You have declared bankruptcy during the past 7 years.
Real Estate Equity is the Key. We like Saying YES!
It is almost impossible to reach a Loans Officer at the bank by
phone. We know that if you are lucky enough to make contact with a Loans
Officer, it may take anywhere from one week to eight weeks to find out IF your
loan has been accepted or rejected.
When the Banks say NO, We say YES!
Over the years, the banks have become arrogant and uncooperative
when it comes to lending their money. Many of our customers have been turned
away from the banks, because the banks do not regard them as a good credit
risk. At Aaron Acceptance, we believe most people who own real estate can be
helped with a loan. We make it happen quickly and efficiently. We Understand.
Types of Loans: Do You Qualify?
Aaron Acceptance Corporation is a mortgage lending company. This
means all of our loans must be secured with real estate. The borrower does not
need to own the property outright (fully paid for). As long as the borrower has
sufficient equity in real estate, the company will generally approve a loan.
No loan is too small - no loan is too large - as long as the
borrower has sufficient equity in real estate - we will loan money.
Our lending criteria may vary depending upon the location,
zoning and the physical condition of the property.
Types of Loans Available
Consolidation Loans
Does the company lend money for the purpose of consolidating
debt? Yes!
Many of our clients come to us owing money on a first mortgage,
a second mortgage, a car loan, an over draft at the bank and outstanding
balances on numerous credit cards. In most cases, we can provide new financing
that results in a dramatic reduction in the borrower's monthly payments. Our
satisfied clients have seen reductions in monthly payments that are 50% or
less, than what the borrower was previously paying.
As long as the borrower has sufficient equity in real estate -
we will loan the money.
Residential Loans
Does the company lend on the security of residential
properties? Yes!
Residential loans are the backbone of the company. The company
will provide either first or second mortgage financing on residential
properties.
The company will lend money for any personal reason you may
have, including:
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Home Renovations
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Debt Consolidation
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Vacations
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Purchase of income or recreational properties
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Purchase of an automobile, boat, or any kind of recreational vehicle
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Business start up, or business operating expenses
In urban areas (cities and towns with a population of 9,000 or
more) the company will generally lend up to 75% of the appraised market value
of the property being used as security for the loan.
In rural areas the company will generally lend within a range of
50% to 70% of the appraised market value of the property being provided as
security for the loan.
Average mortgage secured residential property loans range from
$10,000 to $250,000.
Income/Rental Property Loans
Does the company lend on the security of Income/Rental
properties? Yes!
The company will provide either first or second mortgage
financing on income/rental properties situated in urban areas.
The company will generally lend within a range of 50% to 70% of
the appraised market value of the income/rental property being provided as
security for the loan.
Average mortgage secured income/rental property loans range from
$25,000 to $350,000.
Business Loans
Does the company provide financing for business working
capital, start up, expansion, operating expenses, etc.? Yes!
As long as the borrower has sufficient equity in real estate
(residence, income/rental property, agricultural property, etc.) the company
will provide either first or second mortgage financing for business loans.
Average mortgage secured business loans range from $25,000 to
$350,000.
Agricultural Loans
Does the company lend on the security of agricultural
properties? Yes!
The company will generally lend within a range of 45% to 65% of
the appraised market value of the agricultural property being provided as
security for a loan.
Average mortgage secured agricultural loans range from $25,000
to $450,000.
Commercial Property Loans
Does the company lend on the security of commercial
properties? Yes!
The company will generally lend within a range of 50% to 65% of
the appraised market value of the commercial property being provided as
security for a loan.
Average mortgage secured commercial loans range from $50,000 to
$500,000.
Examples of Interest rates & Monthly Payments
Here is just a sample of some of the Loans and Interest rates
for First and Second Mortgages:
Interest rates and Monthly Payments may change without notice.
Lender and/or broker fees may apply. Read the Glossary.
Broker/Lender fees may apply
Calgary
Phone: (403) 541-0002
Toll Free: 1-877-222-2766
Email : Michael Addams
Edmonton
Phone: (780) 421-1600
Toll Free: 1-866-414-1600
Email : Roy Choma
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