Whether it’s $10,000 or $500,000 – Alpine Credits is Your Best Alternative to the Bank
Loans for Newcomer to Canada
Have you recently moved to Canada, purchased a home and find yourself seeking a loan? Many new immigrants to Canada have a lot of difficulty getting approved for a loan from the banks or other lenders. This is not uncommon for newcomers as they may not have a Canadian credit score or work history, making it hard for them to prove their financial eligibility. Alpine Credits can help you get your desired loan approved quickly with a simple application process. Instead of requiring borrowers to meet the stringent lending criteria set out by the banks, Alpine Credits simply requires the borrower to be a homeowner. As an equity lender, Alpine Credits lends money based on the equity in your home regardless of how recently you have moved to Canada. Whether you need a home equity loan to start a business, pay off some debts or complete some home renovations, Alpine Credits can help!
Qualifying for a Home Equity Loan as Newcomers
Alpine Credits can help you get easily and quickly approved for a new loan. If you own your home, you can apply for a loan in 2 simple ways: complete our online application or speak to one of our lending specialists at 1-800-587-2161. Our lending specialists will work with you to understand your situation and recommend the best loan structure for your needs.
Apply for a Newcomer to Canada Loan now!
Easy Application – 3 Simple Steps – 24 Hr Approval
*Disclosure on “Loan Examples” Above
Alpine Credits’ intent is to always have full disclosure on all of our loan offerings. Borrowers are provided with all necessary disclosure prior to entering into any obligation. Our objective is to offer Canadian home owners an alternative to the banks and credit unions (not a replacement). Typically, you will find our rates to be higher than the banks; however, with this in mind, we are usually more efficient than the banks in getting you your money and may lend in situations where the banks (and other traditional lenders) will not. Once we have provided you with all necessary information, the decision will be left with you as to whether or not you wish to proceed with our offer. Thank you for your consideration. We look forward to speaking with you soon.
All of the above examples are for discussion purposes only. It is important the reader is aware that the examples may represent the lower priced range of our product offerings. Rates on our loans are subject to change and may vary (up or down) based on the equity you have in real estate, the state / condition / location of your real estate, your personal financial situation and the Canadian mortgage market. The examples are all based on interest only monthly payments (you may elect to pick a shorter amortization to pay off your loan sooner) in which the rate in year 2 increases to the prime rate plus 3.75% and the prime rate plus 6.00% for the first and second mortgages respectively. The Cash Advance in all of the loans above represents the net amount of money to be received. The “Gross Amount” for the $100,000 / $300,000 / $25,000 / $50,000 loans in the examples above are $110,500 / $327,900 / $29,500 / $58,140 respectively. The difference between the Gross Amount and Net amount represents closing costs which includes items such as legal fees, appraisals, brokerage fees, etc. (“Fees”). The APR will increase / decrease in the event of higher / lower Fees. Once again, thank you for your consideration.