Neo Mortgage offers a robust online platform for securing mortgages ranging from $50,000 to $1,000,000, with terms between 60 to 120 months. The application process is straightforward, requiring you to select your desired amount and term, then proceed to apply. The loan terms necessitate a government-issued ID, proof of income, and rent verification for approval. For instance, if you opt for a $100,000 mortgage over a 60-month term, you’ll end up paying a total of $1,011,211, inclusive of a $11,211 fee. Neo Mortgage provides a flexible and convenient solution for your home financing needs.
Neo Mortgage review
Neo Mortgage offers an enticing range of mortgage options for those seeking financial assistance. With amounts ranging from $50,000 to a whopping $1,000,000 and terms extending from 60 to 120 months, the flexibility is commendable.
The process of borrowing is straightforward, involving the selection of the desired amount and term followed by an application for the mortgage. It’s a simple, hassle-free procedure that can be completed online, a feature that adds to the convenience of the service.
However, it’s important to note that there are specific loan terms that need to be met. Applicants must provide a government-issued ID, such as a driver’s license or Canadian passport. Additionally, proof of income is required, which can be demonstrated through the latest pay stubs, a T4, or a CPP statement. Rent verification, such as a lease agreement, is also necessary.
To give a clearer picture of repayment, consider this example: if you take out a mortgage of $100,000 with a term of 60 months, your total payment would amount to $1,011,211, with a fee of $11,211.
In conclusion, Neo Mortgage provides a flexible and convenient mortgage service with loan amounts up to $1,000,000. However, potential borrowers should be prepared to meet the necessary loan terms and understand the repayment structure.
Table of repayments
| Amount | Fee | Total payment | Term |
| $100 000 | $11 211 | $1 011 211 | 60 months |
If you will get the mortgage of $100 000 with the term of 60 months, your totally payment would be $1 011 211. The fee is $11 211.