Vacations, Weddings, & Unique Life Events
Vacations, Weddings, & Unique Life Events
Here at 911 Mortgage Brokers – The Mortgage Centre, we work hard to get you the funds you need for those once in a lifetime special occasions such as weddings and special events. Also, we provide financing for travel and vacations. Whether you are employed or self-employed, everyone needs a well-deserved vacation.
Through our network of lenders, we offer financing options which allow our customers to get the financial means to pay for dream vacations, wedding expenses, or anything else that may necessitate additional funds.
Loans for Vacations
You’ve worked hard to purchase your home and you continue to work hard every day, and now you find yourself wanting to take a vacation but do not have the cash flow on hand or you don’t want to rack up your credit card balances to pay for a vacation. Whether it is an all-inclusive style resort vacation with your family, an exotic cruise, a trip to Europe or that dream vacation on your ‘bucket list,’ our 911 Mortgage Brokers can provide you with options to obtain financing for your upcoming vacation.
Loans for Weddings
Are you in the process of planning your wedding?
First of all, congratulations! A wedding is one of the most special and unforgettable life events. However, it could also be one of the most expensive. The average cost of a Canadian wedding in 2019 was $29,059, according to the Global Wedding Report released by WeddingWire[1]. The report is a few years old but remains relevant, as 2019 was arguably a better representation of a typical wedding season than 2020 or 2021 – thanks Covid. The same study found that Canadian weddings in 2019 averaged 154 guests, for an average spend of $189 per person. At a 200 guest count, the wedding cost jumps up to $37,800. And don’t forget the wedding dress, accessories and engagement rings. According to TD’s Love and Money Survey, surveyed couples saying they’ve spent more on engagement rings in 2021 – $2,309 compared to $1,800 in 2020.
If you are in the midst of planning your wedding you will soon discover a myriad of costs adding up. Beside the main expenses (venue, catering and hosting a bar), your list may include items such as ceremony, reception, music, flowers, invitations, photography, bride’s dress and accessories, groom’s outfit, preparations, and the list goes on. Don’t forget about the honeymoon too!
How can a wedding be financed?
There are several ways to finance a wedding. A first option is to put money aside every month into a savings account to use towards wedding expenses. This requires a lot of planning and determination, so it is not the easiest option. A second option some couples resort to is using their own high interest credit cards, which is not always the best option as the interest compounds monthly, causing it to accumulate even before the wedding takes place. If you are a home owner and you have built sufficient equity in your home, you have a third option which is to tap into your home equity to fund the wedding of your dreams. We can help you access the equity to provide you a large influx of cash or we can set up a line of credit to give you access to cash as you need it. These are only a couple of options available. We will explore all of your options with you.
If you are not a home owner yet, a fourth option would be for your parents (if they are home owners) to co-sign on a wedding loan with you. This wedding loan is, in essence, a personal loan, which is guaranteed by your parents.
Here at 911 Mortgage Brokers – The Mortgage Centre we can help home owners tap into their home equity to obtain the funds needed to cover some or all of their wedding expenses. It is both a cost-effective and flexible way to get the necessary money without incurring in high interest credit card debt.
What are the benefits of a wedding loan?
They’re a convenient way to get money. As you start planning your wedding, you’ll discover that your venue and your vendors expect upfront deposits in order to book their space and services. These costs can add up quickly, especially when you add your wedding dress and accessories into the mix. If you don’t have a huge chunk of money sitting around in your savings account, a marriage loan can give you the cash you need to cover your deposits.
Easy Application Process. Our user-friendly and easy to fill out application form can be completed online in a matter of minutes.
Quick Funding. You’ll get your money quickly. Once your application is approved, our lenders can deposit your loan amount in as little as 24-48 hours.
Better interest rates than credit cards. The interest rates on home equity loans, mortgages and lines of credits are generally much lower than traditional credit cards and personal loans.
Some loans don’t charge for prepayments. Some loans will allow you to pay off your loan early without any penalty fees, which can save you on interest costs. If you plan on paying off your loan with cash gifts from wedding guests, or if parents or other family members have offered to help fund your Big Day, you may not have to pay any interest at all. Double check the language of your loan to make sure prepayments are allowed.
Loans for Unique Life Events
What unique life events can be funded?
There are unique life events which could necessitate funds and which are not traditionally available through a traditional bank.
If you are considering an international adoption, you may already be aware of all the expenses involved in this procedure. Beside the adoption application, you will incur in expenses such as the adoption agency processing fees, lawyer’s fees, professional translations/certifications, and out-of-country expenses such as accommodation, travel, and meals which can quickly add up. An average international adoption can range from $35,000 to $60,000 depending on the country of origin of the child, the application procedure and waiting times. Your savings may not be sufficient to cover the multitude of expenses required to make this international adoption a reality. However, if you are a home owner you and you have sufficient equity, you have a secret weapon that can help you cover all of your expenses.
Our expert brokers can help you tap into your equity to access the money required to pay for all your adoption procedure, smoothly and with peace of mind, so you can begin your family journey together.
Other unique life circumstances, such as the sudden death of your partner or another loved family member can cause you to make unexpected changes in your life, requiring additional funds for anything. We can help you obtain the financing needed to get through those difficult times.
How can I qualify for a loan?
If you are a home owner and you have sufficient equity, we can help you get access the money you need to fund your vacation, wedding or unique life event. Here at 911 Mortgage Brokers – The Mortgage Centre, we are not concerned with your age, income or credit. Our home equity loans are based on your home’s equity.
Call us at 1-888-377-0911 so we can discuss your financial needs and personal goals. We will explore your financial options with you, explain the process and answer any questions you may have. Our expert 911 Mortgage Brokers will get you approved and your mortgage or loan funded quickly and without any hassles.
