How It Works

Homeowners, You Can Bank On Us.

  • If you own your home, Aaron Acceptance can lend you money – it’s that simple. Our lending guidelines are different than the banks – we don’t require a credit check and your income is not our primary concern. Call us today or complete our online application to find out how we can help and how much you qualify for.

    What Is A Second Mortgage?

    A second mortgage is a subsequent mortgage you obtain after obtaining your first mortgage (the one you received when you purchased your property) and is usually based on the equity you have in your home.  As you pay down your first mortgage and/or your property value increases, the equity you have available to borrow against increases.  If you want to get an approximate estimate of the amount of financing you qualify for, take a look at the sample calculation below:

    how-2nd-mortgage-works-aaron-acceptance

    Lets say you own your home and a recent appraisal estimated the market value of your property at $880,000 and the balance remaining on your first mortgage is $120,000.  Then the equity in your home is calculated as follows:

    how-2nd-mortgage-works-example-aaron-acceptance

    If you are a homeowner and believe you have sufficient equity in your home, call one of our lending specialists at 1-866-414-1600 to explore your options and to understand how much you may qualify for.

    How Does A Debt Consolidation Loan Work?

    A debt consolidation loan works by paying off multiple debts (like multiple credit cards) that carry high interest rates, with a loan that carries a lower interest rate. The benefit to the borrower is a lower interest rate and a single monthly payment that is more affordable.  At Aaron Acceptance, our home equity loans can be used for debt consolidation and can provide you with a single lower interest monthly payment.

    How Can I Get A Loan, When My Credit Is Bad?

    If you own your home, you can get a loan, regardless of your age, credit or income history.  As a home equity lender, Aaron Acceptance primarily considers the equity you have in your home when offering loans.  Unlike other lenders, we don’t check your credit and our goal is to provide you with lending solutions that meet your needs.

    Where Does Aaron Acceptance Offer Mortgages?

    Aaron Acceptance offers mortgages in all areas of Alberta including Airdrie, Brooks, Calgary, Camrose, Chestermere, Cold Lake, Edmonton, Fort Saskatchewan, Grande Prairie, Lacombe, Leduc, Lethbridge, Lloydminister, Medicine Hat, Red Deer, Sherwood Park, Spruce Grove, St. Albert and Wetaskiwin.

    What Is A Bad Credit Mortgage?

    If you are one of the millions of Canadians with bruised credit, poor credit or bad credit, you have likely found it difficult to obtain financing from the banks. At Aaron Acceptance, all we require is that you own your home and have sufficient equity to borrow against…we don’t pull your credit so, even if you have bruised credit, we can usually find a lending solution that will work for you.  Remember, at Aaron Acceptance if you are homeowner, you can bank on us.

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