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265 Rimrock Road, Suite 208 North York, ON M3J 3C6
9:00 AM – 5:00 PM Monday to Friday

Frequently Asked Questions

Frequently Asked Questions

In most cases not, however some exceptions do apply.

We require the following:

  • Personal Information
    • Driver’s License
    • VOID Cheque
  • Documents Related to the Property and the sale of the Property
    • Listing Agreement
    • Purchase & Sale Agreement
    • SOLD MLS Listing of Property
    • Waivers / Notice of Fulfillments / Amendments (As applicable)
    • Current mortgage statement(s)

A sale is firm once all conditions pertaining to the agreement of purchase and sale have been fulfilled or waived.

Tembo Financial registers a mortgage ranking directly behind the existing mortgage(s) in place.

Our rates are extremely competitive but do vary, please contact us to get a quote.

Tembo Financial is happy to assist please contact us and hopefully we can tailor a solution to fit your need.

In most cases not, however some exceptions do apply.

We do understand that this may happen, in the event it does please contact us right away so that we can come to a resolution with you. In most cases if the sale is extended we can extend the loan.

Yes, subject to qualification.

All our loans are open and can be repaid at anytime.

No.

Yes, the minimum we will lend is $25,000.00

No, Tembo Financial considers all factors including loan amount and loan to value to determine maximum amount.

No, however we would require their contact details when you submit your application.

Tembo Financial gets repaid directly from your lawyer upon the closing of the sale on the closing date. However if you chose to pay off your loan early there are no penalties for doing so.

Contact us to experience the Tembo Difference