Whether you’re consolidating debts, renovating your home, making an investment… Whatever your reason Evergreen can get you fast access to the cash stored in your property’s equity. If you’ve been shopping around you’ve probably heard this claim before, what makes us different? Flexibility – we lend our own money so we make the lending decisions.
Real estate is the key to loan approval, all types considered: residential, commercial, industrial, land…
Ask us about our:
flexible approval criteria personalized to your needs
Click on each + below for a detailed description of what to expect when working with Evergreen.
Even though everybody’s situation is different the first question most people ask is actually remarkably common; “I’m looking to get a loan, how does this work?”. This is where our experience starts to show. Typically, we not only answer the questions you already have in your head, in many circumstances we walk you through conversation that answers questions you didn’t even know you wanted to ask.
Our goal throughout the process is to educate you and to leave you feeling confident. We want you to know that you are dealing with a company that understands your situation, what you’re looking to accomplish, and how to get the job done.
The next step is the information gathering stage. By this time you have made the decision to move forward with applying for the loan. Through what will seem like general conversation combined with a brief question and answer period, we walk you through the application process in a way that’s easy to understand and follow along. Information gathered can generally be broken down into 5 categories:
- loan details
- personal information
- real estate information
- your other assets
- your other liabilities
If completing an application feels like a daunting task, don’t worry! Our goal is to make it as painless as possible by walking you through it hand in hand.
Don’t let this word scare you, it’s just a industry term to describe the process of reviewing your information against lending policies to see what you qualify for.
This is where our philosophy of equity based Common Sense Lending™ jumps us straight to the front of the pack. We are the lender… we make the lending decisions. Simply said, if what you’re trying to accomplish makes sense – we want to lend.
Anytime you sign a mortgage the experience can be quite intimidating with lots of very serious looking paperwork to sign. Our commitment to you is to ensure you understand exactly what you are getting into while minimizing the amount of paperwork as best as we can. Here is how it works:
Once the underwriting process is complete you will receive your approval from us in the form of “disclosure documents”. In a nutshell, these are documents in which the government dictates that specific content about the loan is provided to you (and in some cases even the specific form is also dictated). We will walk you through these forms making sure that everything is explained to you in as much detail as you need and we do this before you are obligated to completing the loan.
Typically, two days after you sign disclosure documents you will be able to sign the actual mortgage paperwork. According to government regulations you must sign these in front of your own lawyer to ensure your interests are being protected. Evergreen’s lawyer will provide your lawyer with the mortgage documents and supporting paperwork. Once signed, your lawyer will send them back to our lawyer who will then get started with the registration and confirmation process. Depending on where you live, which bank, insurance company… you deal with, this process typically takes between 1 and 3 days.
Once this process is complete, the next step is to get the money from your loan into your hands.
Once registration and the confirmations are complete the process is just about finished. While our lawyers are cutting your cheque we typically conduct one last review of the file with you to ensure all is in order. The following is a timeline of a typical transaction:
Day 1 / Day 2… inquire, apply, approve, disclosure
Day 3 / Day 4… sign mortgage with you lawyer
Day 4 / Day 8… our lawyer completes processes
Day 5 / Day 9… RECEIVE MONEY!