The impact of the COVID-19 virus presents a challenging time for all of us. Despite this, we are continuing work remotely to assist with our clients’ financial needs.
At Leap Financial, we specialize in helping Canadians access the equity in their homes. From the initial application to getting quotes and receiving the funds, we make the process easy so you can focus on what you’ve set out to do. Remember, we give you options, incredible service 7 days a week, and we are here to help you from loan to payout… and beyond.
Let us know how much you want to borrow - whether it is $10,000 or $2,500,000 - we can help!
We want to work with you! You will hear back from our team ASAP to begin working with you to ensure you get approved!
Upon completion of our seamless lending process, your desired funds will be transferred into your account. That’s what we do!
Leap Financial is your all-in-one mortgage provider. We’ve helped Canadian’s in B.C. with home equity loans and get them the money they need, when they need it. We are a pioneer in the private lending industry and we actually aim to help our customers get the money they need and help get them out of debt. Find out how much you qualify for with a zero obligation application. Our team (no robots) will personally get back to you very quickly to answer your questions and provide more information.
The guys at Leap Financial made buying our home a breeze! In what is a very stressful time, they kept us informed, updated and answered all of our questions. I will be recommending them to anyone looking for a loan or mortgage!
I had an amazing experience working with Peter. He frequently kept me up-to-date, patient and paid close attention to every application needed to be submitted. His honesty and integrity were beyond reproach. He went above and beyond to ensure I could achieve my dream home. I would gladly conduct more business with him in the future.
My wife and I had a wonderful experience working with David Gilbraitti in getting our first mortgage. From beginning to end, he was informative, patient, extremely thorough and attentive to our financial needs, thus making sure that we got the best deal possible. I couldn’t recommend David and Leap Financial highly enough.
As first time home buyers, we had a ton of questions and nerves. Leap Financial was extremely supportive and responsive, and made the mortgage process as easy as it could be. We’re so thankful for them.
The process will be easy and simple. All details will be clearly explained by our experts, and we'll walk you through the terms and conditions. We offer affordable and smooth payment options to help repair credit.
Once approved, you will get your money deposited into your account really quickly with a transparent process about rates and fees - we break it down for you.
Give you the trust, satefy and security measures through clear communication. This will be an easier process and we will make sure of it with no hidden fees.
Serve and guide any concerns or questions you have - we know how important this is to you. We have a trusted 100% compliant and confidential team who specialize in home equity loans.
A Home Equity Loan is a loan obtained on a property that already has a primary mortgage. The house itself serves as collateral for both the primary mortgage and any second mortgage, which means that failure to pay either could result in the property being...
As you may have heard, mortgage rates are going up daily, making it nearly difficult for you to afford mortgage instalments. Here are a few ways to still help you save money on the mortgage. Follow these tips, which will help you save on your...
Mortgage rates are rising, making it difficult for new home buyers to afford the home repayments. Here are some tips to help you figure out which type of rate is best for your income & lifestyle. What is a Fixed Rate Mortgage? A fixed-rate...
Mortgage rates are rising, making it difficult for new home buyers to afford the home repayments. Here are some tips to help new homeowners keep their mortgage payments within their budget. Understanding the Mortgage Types The first and most important thing you must understand...
In mortgage refinance, the bank or lender pays off your previous loan and replaces it with a new one; this is why the term refinance is used. Most borrowers go for refinancing to lower their interest rate and shorten their payment term or to take...
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A mortgage is one of the biggest commitments a consumer can make, considering the average mortgage cost in Canada has gone up significantly in recent years. According to one statistic, the average Canadian resale home price hovered just above $716,000.00. Before diving into such a...
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Buying a home is a big decision and can be extremely stressful, especially for those who don’t have much experience. Whether you are renting to have low commitment and the ability to move or you are buying to build equity and create a nest for...
A home equity loan otherwise known as a second mortgage, is a type of loan in which the borrower receives a large sum of money by obtaining equity from their property. The loan amount is determined by the value of your property, which is then...
A new roof can be a very smart edition to your home, adding value and increasing structural soundness. If you have plans to sell your home in the future, a roof installation is the perfect way to increase your resale value, while providing an additional...
Not everyone meets the rigid criteria requirements to obtain a mortgage from big financial institutions such as banks. They often involve a timely application process before they even consider an individual for a mortgage, which can be an overwhelming situation for those seeking quick and...
Do you have a high-interest debt? Are you wondering “Can I consolidate debt into a mortgage?” Any kind of debt can be hard to pay down and get permanently dissolved if the interest charges keep accruing. Many people may feel at a loss about making...
For many young Canadians, purchasing a home is part of a life-long goal. Of the many elements involved – securing a downpayment and making sure the timing is perfect – getting an affordable mortgage option is arguably the most important. Have a good credit score...
If you’re a homeowner in need of capital, chances are you’ve stumbled across a variety of lending options. Two common lending solutions that often puzzle homeowners are Private Lending and Alternative Lending. Both private and alternative lenders differ from traditional lenders, such as the Big...
If you’re a homeowner in need of capital, chances are you’ve stumbled across a variety of lending options. Two common lending solutions that often puzzle homeowners are Private Lending and Alternative Lending. Both private and alternative lenders differ from traditional lenders, such as the Big...
Understanding the value of your house is important to know, not just to ease your curiosity, but for a variety of other financial purposes. For instance, if you’re aware of your home value you’ll be able to better establish an accurate listing price. But maybe...
With the ever-growing competitiveness of the housing market, it’s no secret that real estate has become one of the greatest investments you can make. Better yet, if you’re a homeowner, you have the opportunity to invest in home renovations, which just might hold the key...
Many homeowners often consider using their RRSP to purchase an investment property, but there are many factors to consider before financing a future property with your RRSP. Let’s discuss the basics and implications of using your RRSP to invest, as well as how you can...
Between having to financially balance credit cards, mortgages, and loans, many homeowners often find themselves taking on too much debt. What might surprise you is that this is quite common and by no means a bad thing, especially when you have the option to consolidate...
Since its introduction in 2018, homeowners across the nation have dealt with financial difficulties and challenges when facing Canada’s infamous mortgage stress test. So to help take the stress off any mortgage concerns you may have, the Leap Financial team has broken down exactly what...
The spring season is representative of a fresh start for you, and your financials. Use Your Home Equity To Explore New Opportunities Your home equity is the value of your home today, minus the outstanding balance on your mortgage. And while this may seem...
Distinguishing a home equity loan from a home equity line of credit (HELOC) can be a puzzling topic, especially provided how similar their names are. Both options offer a variety of benefits and drawbacks, however, depending on your financial needs and situation, one option may...
Home equity loans are perfect for homeowners looking to tap into large amounts of capital for home renovations, debt consolidation, and more! But will you qualify for a home equity loan if you have bad credit? In short, you definitely can! Home equity loans emphasize...
We understand just how difficult it can be to keep up with outstanding debt. Whether you have tax bills that are long overdue, or if you’ve steadily started to fall behind on payments, sometimes all you want to do is forget about having to pay...
In 2018, the mortgage stress test was introduced to Canadian’s, and since its inception, the test has caused some difficulty for new and existing homeowners. If you’re in need of a first or second mortgage, or even a home equity loan, you’ve come to the...
Did you know that utilizing the equity in your home can prove to be one of the most convenient sources of funding? The approval of a home equity loan opens up a myriad of doors for homeowners, such as funding to help renovate property, support...
With the holiday season comes increased holiday spending on gifts, treats, and all sorts of other holiday goodies. Consequently, for many, this time of the year is also accompanied by financial stress due to post-holiday debt obligations, plus the landscape of 2020 has impacted many...
Nobody lives in a perfect world, and we understand that sometimes, you may be in a position where you’re suddenly in need of money. In such circumstances, a home equity loan may be exactly the solution you’re looking for. When in times of a financial...
Businesses need capital to operate. Whether it be used to keep a company afloat during difficult times, or to protect your business with low cash flow until times grow better. The application process for a small business to get approved for a loan can be...
To many people, the idea of taking out a loan can be a scary one. While some may fear being trapped inside a “cycle of debt” of making payments, if done strategically, a home equity loan may, in fact, prove to be financially advantageous. However,...
With coronavirus cases seemingly on an endless rise worldwide, it can become discouraging to think about how much more of the pandemic we must endure, and the subsequent effects the struggling economy may continue to have on the livelihoods of the workforce. While medical professionals...
As a homeowner starts to pay down their mortgage throughout the years, they begin building home equity. The more they pay toward their mortgage, the more home equity they gain for future use. Your equity will also rise if and when your property increases in...
With CERB coming to an end for the majority of Canadians, many are starting to look for alternative solutions of meeting their mortgage payments. Many Canadian banks and private mortgage companies recently took action to make it easier for consumers with urgent financial needs due...
Whether you want to join a buddy on a new business venture, pay off a couple outstanding debts, or renovate your kitchen, a home equity loan can be used for all the above. Unlike a traditional mortgage, a home equity loan is omni-purposed, and easy...
If you’ve gone through the process of qualifying for and acquiring a mortgage, you may have heard of private mortgages. When it comes to finding a mortgage, there are just as many mortgage products out there to consider as there are lenders to provide you...
Since recent trends and changes in the housing market, there has been a sizeable change in the home equity loan market pertaining to interest rates. Favouring applicants, home equity loans now start at as low as 2.31% depending on the applicant’s situation and home equity....
With the current trends in the housing market, homeowners could save tens of thousands on their mortgages by refinancing their mortgage. When COVID-19 hit North America, many Canadians experienced immediate effects via loss of job, leading to reduced income. To minimize the impact of the...
Before the coronavirus pandemic, financial advisors typically recommended people prioritize debt payoff first and foremost. But now that so many Canadians have been furloughed or unemployed, the focus has shifted to savings. It is very important to have an emergency savings account. And while experts...
Without surprise, with the housing market at the state it is in right now, Canadians have been moving houses a lot less over the past 3 years, which led to increases in home renovations and remodelling projects. But not all renovation investments yield equal payback....
Among many of the variations of lending Leap Financial offers, one specialty loan is the Construction Financing and Loaning. Unlike Commercial Financing where construction is specific to expanding large commercial buildings, Construction Financing is specific to you and your home. This type of loan has...
When the day comes to move on and purchase a new humble abode, you will always want your home to be as valuable as possible if you plan on selling it for the upgrade. Among many other benefits of investing in a Home Renovation Loan,...
Before the COVID-19 pandemic, living pay cheque to pay cheque, while not the option of choice for many, was nevertheless manageable. However, with the economy at a downturn, cash is tighter than ever for many households and individuals, and bills are proving to be harder...
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If you decide today that you need to borrow a bit of extra money to cover a few of your expenses, there are a few options you can proceed with. You can take out a personal loan, apply for a credit card, or look for...
No sugar-coating involved – times are rough. Many Canadians are losing their jobs, being placed on temporary lay-offs, or working severely reduced hours remotely. The COVID-19 virus discovered originally in Asia more than 2 months ago now is just starting to take effect in the...
As the new year settles in, there has been some changes made to the existing stress test that many homebuyers dreaded when buying their homes. How will these changes affect you? Are the effects positive, negative, and are they negligible? What is changing to the...
The number of new families is constantly growing, and with more of the population eventually requiring some sort of home-related loan, it’s important to know what comes with it and how to get the resources to do so. Banks, financial institutions, and any organization that...
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Although a home equity loan and HELOC (Home Equity Line of Credit) are secured in the same way, the two loans can prove to have many differences from each other, even in the way the money is received. If you’re a newcomer to mortgages and...
For most of us, our home is our number 1 most valuable asset. Conducting a home renovation can both make your property more valuable and make the space more comfortable. However, a lot of renovations don’t come cheap. Before you start going around peeling off...
For a lot of home owners, the number one question to ask when it comes to property is “How can I pay off my mortgage as fast as possible?” Like all periodic payments, we’re always looking towards the last mortgage payment and to claim full...
Are you buying your first home? Or, do you already have a few properties in your portfolio and are looking to expand? Whichever end of the spectrum you’re on, here are five mistakes to avoid when purchasing a home. Some of them you may have...
As much as we don’t want to believe it, the history of our cell phone bills does have something to do with our credit scores. A call phone account works differently than traditional credit cards and debit accounts. A cell phone account is an open...
Before you venture out to buy your dream home, you might want to first gain a thorough understanding of how a mortgage works. Not all aspiring homeowners in Canada have the extra money to pay up front the full purchase price of a property. And...
Principal and interest are the two primary components of a mortgage payment. Aside from any necessary fees involved, the principal and interest make up for all the money going out when paying back your mortgage. In its simplest definition, the principal is that directly contributes...
As an alternative option to home equity loans, a home equity line of credit – or “HELOC” – is a loan in the form of a revolving line of credit that is secured by the equity contained in your home. Because the loan is directly...
If you have less remaining mortgage balance than the value of your house – you’ve got equity. If you happen to find yourself in such a fortunate position, you are eligible of taking out a Home Equity Loan, otherwise known as a Home Equity Line...
Owning a home in this day and age is now harder than it has ever been. If you’re reading this, you’re likely aware of this, even if you’re not already in the market for a place. Whether you’re looking at a property in the heart...
Saskatchewan has been reported to have the highest mortgage delinquency out of all Canadian provinces, according to the latest Canadian Bankers Association report. The national average of homeowners unable to pay their mortgage is 0.24%. However, Saskatchewan is more than triple that at .80%, with...
The Stress Test rate benchmark has decreased as of recent years, from initially 5.34% to now 5.19% for the first time in 3 years. This 0.15% decrease is significant, as it can mean a lot of things about the Canadian realty industry. What Does This...
Even the most informed first-time home buyers usually aren’t aware of all the costs associated with purchasing a home. Some less-prominent costs are often overlooked, which can really add up in the end. Below are 4 costs to consider when purchasing a home. Know what...
