Mortgage Financing
New Construction and Renovations
Are you thinking for building a new home? Or are staying where you are and thinking of renovating your home.
Bona Fide Appraisals can provide accurate valuations of future construction or renovations of your home. Every property is different and understanding the contributory value of improvements to your home are important to keep your financial investment secure. Not all renovations are weighted the same – certain improvements as finished basements, additional bathrooms, or renovated kitchens, will increase your home’s value by a wider margin than a wet bar or changing the front façade of you home. Let us provide you the after renovation or new construction valuation of your real estate project.
Line of Credit
Second mortgages are typically taken as secured home equity loans from financial institutions. These mortgages are considered riskier loans for financial institutions these mortgages usually have a higher interest rates than first mortgages. However, in some cases, when a borrower has a long term fixed rate mortgage, the actual rate on the second mortgage or secured line of credit, commonly referred to as a Home Equity Line of Credit (HELOC) actually has a lower rate than the first closed mortgage.
The opposite usually exists with private mortgage lenders. Bonafide has been appraising property for Banks, Trust Companies, Private lenders and Mortgage brokers and provides timely and conforming reports for the lender community.
Service Area
Bona Fide Appraisals Inc., serving the Greater Toronto Area: Burlington, Waterdown, Oakville, Milton, Mississauga, Brampton, Toronto, Richmond Hill, Aurora, Vaughn, Pickering, Oshawa, Hamilton and more.
Testimonials
"I would like to highly recommend Bona Fide Appraisals. I went through a messy separation/divorce and the appraisal completed and representation at our court hearing was top quality. Thank you for making me feel at ease during this difficult time."
S. Ribeiro
Private homeowner
"As a private lender team leader, the upmost importance to getting a qualified appraisal completed in a timely manner is significant to the growth of our business. Your team has always been prompt, professional, and reasonable with our clients. Keep up the good work."
B. Charles
Business development manager
"We have been using the services of Bonafide Appraisals to assist us with residential property values for over two years. We have found the work to be timely and conforming to our needs for residential property valuations in the GTA. We have a mutually successful partnership that we hope will continue for many years to come."
H. Charilaou
Dominion Lending
“I have worked with Paul and His team at Bonafide, Without a doubt he provides excellent service, accurate information, on time appraisals and is always a pleasure to work with. I have recommended Bonafide to several local property management relocation firms and every time they come back to me saying how great their experience has been.”
J. Chow
Intercity Relocation
“Bonafide Appraisals has been performing my real estate appraisal work for several years now. As my legal practice is family law, Paul is often charged with the unenviable task of performing appraisals in unpleasant and even occasionally hostile situations. Paul has always accommodated me efficiently and professionally. I never have any hesitation when a colleague or a client asks me to refer an appraisal company, I always say Bonafide."
K. Sandman
Solicitor
“Paul, thank your for your personal attention given to our clients. I have received a very high follow up after your appraisal. As you know our clients are moving to the U.K. and wanted a fair and accurate estimation for their property value. Your attention to detail has surpassed our expectations on this file.Thanks again."
V. Collier
Director, Southern Ontario Relocation