How to get an institutional mortgage?
I run a daycare here for children under 6. It was started in 2009 and now it is getting exposed to the different part and as a result, more parents are preferring us!
So, we need to extend our buildings to accommodate the kids. And I want to take a mortgage for that. In my search, I came across some brokers providing institutional mortgages in Canada(http://www.mortgagesmortgages.ca/mortgage-types/institutional-mortgages ). Have you heard about them before? Or does anyone have any previous experience with them?
Can you help me find the following thing?
The documents needed to get approved for a mortgage.
The fee charged by this kind of companies for their service.
Other charges applied for a mortgage application.
The time to get approved.
Hope someone would help me here. Thank you.