Short Term Loan for Mortgage Down Payment
Hi Magical Credit,
I have been hearing many great things about the products and services that your company provides. I noticed that the loans you offer are a more flexible version of a short term loan.
I was wondering what the borrowing limit is and if the funds can be used towards a down payment on a mortgage.
Please let me know.
Thank you.
Answers
By Magical Credit
Hello,
Thank you for your interest in borrowing with Magical Credit.
We are a short-term private lender, our loans are from $500-$10,000 with 6 months and 12-24 monthly payment options.
If you're receiving a minimum of $600.00 monthly off a working income or government subsidy and the income you're receiving is by direct deposit, then you may be able to qualify for a loan with us.
Please refer to the link to below to see which different loan types will meet your current situation:
https://www.magicalcredit.ca/loan-types/
If you have any further questions on how our program works, please give our office a call at 1-877-213-2088 and we will be more than happy to speak with you.
Regards,
Customer Service.