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Who We Are


Equity Lenders Mortgage Administration Inc. (“ELMA”) is a dedicated team of finance professionals and is a licenced mortgage administrator under Ontario’s Mortgage Brokerages, Lenders, and Administrators Act, 2006. (FSCO Administrator Licence Number: #12855)

$40M+

under administration

400+

files under administration

Can you participate in real estate with your RRSP or TFSA?


The answer is YES! We get asked this so much, so we are dedicating a whole section to it – with some restrictions, of course.

Most Canadians are not aware, but participating in real estate can be done with RRSP or TFSA via unique legal structures that we can help set up.

EASY, FAST, CONVENIENT

Key Administration Features


TITLE


Lenders Are On Title of the Property

Term


Mortgage Term is 1 Year or Less

Property


We typically administrate properties in GTA and surrounding areas.

LTV


The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. As administrator, we recommend LTV UNDER 75% in the current market.

FORMS


No Extra Work is Needed - all the forms can be signed electronically.

FUNDS


As an administrator, we recommend lenders to send funds to lawyers directly.

Let's work together.

KYI FORM


Full Name:
Primary Contact:
Address:
City:
Province:
Postal Code:
Telephone/Mobile:
Email:
Preferred Contact Method:
Approximate Income:
Net Worth:
Time Horizon:
Preference:
Other Objectives:
Risk Tolerance:
Mortgage Knowledge:
Additional Comments:

Upload KYI Form:


Our Track Record.

Examples of Assets Under Administration


GREAVES

Location: Lindsay, ON

Type: Detached 2Bed 2Bath

First Mortgage: $130,000(RBC)

Requested Second Mortgage: $75,000

Appraised Value: $400,000

LTV: 51%

Rate: 8%

Term: 12 Months PREPAID

Minimum Investment: $37,500

MOHAMED

Location: Markham, ON

Type: 2 Storey Detached, 4Bedroom, 6Bathroom

First Mortgage: $1,072,000(BNS)

Requested Second Mortgage: $104,000

Appraised Value: $1,680,000

LTV: 70%

Rate: 9%

Income: $197,000 (Combined)

Term: 12 Months (3 month interest bonus if paid out early)

BONAGURO

Location: Milton, ON

Type: 2 Storey, Attached Home

First Mortgage: $450,000

Requested Second Mortgage: $40,000

Appraised Value: $735,000

LTV: 66.6%

Rate: 9%

Income: $80,000

Term: 1 year

Minimum investment: $40,000

JOSE

Location: Toronto, ON

House Type: Condo 2 Bedrooms, 1 Bathroom

First Mortgage Balance: $145,000.00 with MCAP

Appraised Value: $360,000.00

LTV: 74%

Rate: 11%

Term: 12 month term

Income Combination: $94,035.39

These are our statistics.

Statistics


Let's work together.

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