Alex Lavender,
Your Halifax Mortgage Broker
Whether you’re a first time home buyer or a seasoned real estate investor. If you need some general advice or detailed loan strategies. Alex Lavender is your local mortgage broker in Halifax, here to help you with all your mortgage needs.
Halifax Home Equity Lines Of Credit (HELOC)
Whether you’re a first time home buyer or a seasoned real estate investor. Or just need some general advice, you can get a free and easy HELOC here.
As a Mortgage Broker, Alex works for you, not the banks. Ensuring that you get the lowest rate and the best service is his #1 priority.
Serving Halifax, Dartmouth, Bedford and anywhere in Nova Scotia. Get in touch today, or see below for what options we offer.
Apply For Your HELOC Here
Home Equity Line Of Credit Details
Credit Score
- All credit scores accepted
- $200,000 min property value
- Access the best rates with good credit
Fast Approvals
- Find out what you qualify for
- Discuss different lenders
- Advice if you don’t qualify
Access Equity Cash
- Refinance up to 80% of the value of your home
- Use a HELOC to pay off high interest loans
- Have instant access to the equity in your home
Alex Lavender
Meet Your Local Mortgage Broker
Alex Lavender is an Accredited Mortgage Professional (AMP) and the author of “Mortgages For Millennials” and provides mortgage broker services in Halifax.
He takes pride in helping Nova Scotians purchase their first homes, refinance their current homes, or obtain a loan when no other options are available.
Alex listens to your situation and uses the necessary information to provide you with a variety of options from different lenders, including the big banks.
What You SHould Know
Commonly Asked Questions
Why should you use a mortgage broker instead of a bank?
Mortgage brokers are extremely common among first time home buyers. A mortgage broker works with many lenders including major banks, small lenders and private lenders. Which means they have access to better rates, and more variety of mortgage types.
What exactly does a mortgage broker do?
Mortgage brokers act as a resourceful intermediary on behalf of individuals. Your broker will research and present to you a variety of different mortgages. From big banks to private lenders, which will let you compare the best rates that you can get.
What should you look for in a mortgage broker?
Here’s what you should look for in a mortgage broker. Know the average time to closing, third party fees and lender fees, and the cost or timeline to lock in your mortgage rate. If you are curious about a broker reach out and talk to them, see if you enjoy their service that’ll give you a good idea if you want to work with them.
Types Of Mortgages
Fixed
- A fixed mortgage provides you the security of locking in an interest rate for the term of your loan. You will know exactly how much principal and interest you will be paying on the mortgage during the term.
- Terms range from 6 months to 10 years, and most offer additional payments to pay down the principle.
Variable
- A variable-rate mortgage allows you to take advantage of the current low interest rates. Most variable loans are below prime and can range from 1 – 5 years.
- However, the interest rate will fluctuate as the bank of Canada’s prime rate changes.
Open
- An open mortgage allows you the flexibility to pay off a portion or the full principle amount at any time. Interest rates are usually higher for open mortgages and are tied to the bank’s prime rate.
- There are no penalties for paying off the full outstanding amount with this type.
Our services
Mortgage Solutions
Committed to providing you with a wide range of services.
Bad Credit
We understand life happens and we are here to help. No matter what your credit score we have options available through alternative lending options.
Read about our bad credit mortgage options.
Traditional Mortgage
We have access to a wide array of lenders to find you the perfect mortgage. We provide you with not only the best rates but the best terms custom tailored for your situation.
Self-Employed
Stated income options instead of taxable income verification. Learn about the possibilities you can have with one of our self-employed mortgages.
Construction
Build your own home with as little as 5% down. Learn about our construction and mortgage plus improvements.
Other Mortgage Options
Self-Employed
- Stated income verification when tax return income is not sufficient
- 20% minimum down payment
- All credit scores accepted
Learn more about our self-employed mortgages.
Purchase + Improvements
- Roll your renovation costs into your mortgage
- Up to $40,000 of renovations
- 120 days to complete the work
- Not available for appliances
Read more about our mortgage plus improvements here.
Construction
- Self-built or contractor-built
- Use as little as 5% down
- Land can be used as a down payment
- Minimum 650 credit score
Contact Alex Lavender to learn more about the requirements for construction mortgages.
Get Your Dream Home
It’s time to sit down and talk, allow me to get you into your new home as I have done with so many happy clients.
Our Mortgage Blog – Latest Posts
- The Smith Maneuver in Canada: A Smart Mortgage Strategy or Too Risky?
- Renting vs Buying a Home in Halifax: Which is the Better Choice?
- Understanding Mortgage Terms: A Simple Guide
- A Quick Guide to The First-Time Home Buyer Programs in Nova Scotia
- Guide to Deed Transfer Tax Nova Scotia: Avoid This Closing Cost Surprise