• To purchase a new home
• Debt consolidation (combining a number of unsecured debts into a single monthly payment)
• Renovations to their existing property
• Bruised Credit
• Quick turn around time compared to the backs
• Obtaining a down payment to buy a second property, or to bridge a gap between selling and buying a principal residence
• Family debt & divorce
• Business investment (banks are particularly stringent when lending to business owners)

• Yes you can!
• These funds will have to be in cash value to be transferred over.  Since we are transferring from one institution to another this will not create any tax implications for you.

Unlike mutual funds where fees are subtracted from your overall gain on investment, none of our fees are collected from the investor.

While our team does collect fees to manage and service the loans, all of these fees are paid by the borrower at the time of closing.

It doesn’t…Personal Bankruptcy and Consumer Proposal are both remedies that Canadians may use when in financial distress. However, it is important to understand that both of these remedies deal with a borrower’s unsecured debt only.

Bankruptcy or a Consumer Proposal does not dismiss a borrower from their obligations under a mortgage loan. This is because a mortgage is a secured loan, securitizing the property as collateral. The only way to discharge a mortgage registered on title is to pay it out from available funds, alternative financing or from the proceeds of the sale of the property.

It is also important to note that a mortgaged property cannot be sold or transferred without discharging the mortgage. That is why all real estate transactions in Ontario require the work of real estate lawyer.

Equity Stream Financial does directly not report investment income to the CRA or issue a T5 statement.

We advise each investor to consult an accountant to obtain proper taxation advice based on your specific circumstance.

There can be no guarantee that the current tax position prevailing at the time of an investment will not change.

We will provide you with a qualified real estate lawyer to represent your interests as the investor(s) in order to close your investment. Just like the management fees, legal fees are also paid by the borrower.

Whether a mortgage is in default due to missed payments, or it’s the  inability to repay at maturity, our first course of action is always to determine why this is the case. If the borrower wishes to stay in their home we always prefer to solve their problem and exit the Investor(s) investment with a new mortgage solution.

In some cases the borrower’s financial situation has changed, and they can no longer afford to live in their current home. In this case, we generally encourage the client to list and sell the home themselves.  Once the sale is complete the principal of the mortgage is returned plus interest at the time of sale.

In the rare circumstance where a borrower is not cooperative or simply unable to meet their obligations under the loan, it is important for the investor (s) to understand they have the same rights as the bank, and our staff and legal team is capable of selling the property as stipulated by Ontario law using power of sale to recuperate the lender’s principal.

It is important to understand that our business exists to facilitate loans from real people to other Canadians and that one’s inability to meet their mortgage obligation is generally a result of financial hardship.

We often request patience on the part of our investors as we work towards a win-win solutions. All the while we recognize that protecting the principal of our investors is paramount and remains our single biggest priority.