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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Keystone Finance Solutions

Finanso.Multilogin™

About lender

Keystone Finance Solutions is a Canadian provider of mortgage solutions and home equity loans to Manitobans who cannot arrange traditional financing through their bank or credit union.

Founded in 1984, Keystone Financial Solutions has served families in Manitoba for around 40 years. The company is on a mission to provide quick and creative lending solutions and credit-building opportunities.

Features

Keystone Financial Solutions offers the following types of financing:

  • “Welcome Home” — property purchase financing for first-time homebuyers

  • “The Home Helper” — household expenses financing

  • “Smart Saver” — leveraging the equity in your home to jumpstart a new opportunity

The application process is quick and easy with Keystone Financial Solutions — you can apply online or by phone. As stated on the website, the company’s service team will work closely with you to find the financial solution that is right for you.

Keystone Financial Solutions welcomes all homeowners, whether your first home purchase or the second.

Keystone Financial Solutions reports borrowers’ payment habits to Equifax Canada and TransUnion. For customers with poor credit history, it’s an excellent opportunity to enhance their credit score.

Pros and cons

Keystone Financial Solutions has been around for more than 38 years, and Manitobans have already appreciated the pros of this lender. Here are its key advantages:

  • Access to a range of lending solutions — home purchase financing, refinancing, debt consolidation, and payment reduction

  • An easy and convenient application process — apply either online or by phone

  • Quick turnaround

  • Competitive interest rates

  • Reporting of your payment performance to Equifax Canada and TransUnion, which allows you to build your credit score

  • Flexible payment schedule — either on a bi-weekly or monthly basis

  • Lowered legal fees under specific circumstances

As for the cons, we can name:

  • Potentially unfavorable loan conditions in case of poor credit history. Still, Keystone Financial Solutions strives to provide the desired financing for any situation.

  • Conversely, reporting to credit bureaus can hurt your credit score if you default on your payments.

Loan conditions

Keystone Finance Solutions requires borrowers to make a 25% down payment with mortgages. The interest rates will depend on several factors — your income, credit history, and home value. Upon completing your application profile, the company’s service team will provide you with your specific rate.

When applying for a first or a second mortgage, you can expect same-day approval (given that you have provided all required information on time). Unfortunately, Keystone Finance Solutions doesn’t specify the processing time for home equity loan applications. Still, they promise a quick approval.

With mortgages and home equity loans, you can expect approval of up to 75% of the appraised value.

As for the payment schedule, you can make monthly or bi-weekly payments. The terms of your mortgage or home equity loan will contain information about the payment dates.

Methods of loan funding

Keystone Finance Solutions doesn’t specify methods of loan funding on the website.

FAQ

What is Keystone Finance Solutions?

Keystone Finance Solutions is a provider of mortgages (both first and second mortgages) and home equity loans to residents of Manitoba. 

Who owns Keystone Finance Solutions?

The trade name “Keystone Finance Solutions” belongs to Keystone Finance Inc. The founder and president of Keystone Finance Solutions is Benny Hiebert.

How do you qualify for Keystone Finance Solutions?

To apply for a mortgage or a home equity loan from Keystone Finance Solutions, you must be a Canadian citizen of at least 18 years old. 

Being gainfully employed increases your chances of getting the desired financing. Still, for applicants who don’t have a job currently, Keystone Finance Solutions may request that someone sign with them.

Keystone Finance Solutions strives to provide financing to borrowers in various situations, including those with poor credit records. But, of course, in the case of bad credit history, loan conditions will not be as favorable as with a high credit score.

To process your loan application, the company’s service team will request the following documents from you:

  • A copy of your photo identification

  • Your most recent pay-stub

  • Your last three months of bank statements

If needed, Keystone Finance Solutions may request additional information from you in support of your loan application.

How much can you borrow from Keystone Finance Solutions?

The amount you can count on when applying for a mortgage or a home equity loan may differ depending on certain factors:

  • The loan-to-value (LTV) assigned to the security provided

  • Your credit record 

  • Your ability to make payments 

  • Your current employment situation

The amount to borrow with a mortgage loan starts from $10,000.00. 

For a more precise assessment of your situation, reach out to the company’s service team.

Is Keystone Finance Solutions a legitimate company?

Keystone Finance Solutions has been providing lending solutions to Manitobans since 1984 and thus has earned the reputation of a reliable mortgage and home equity loan provider. It is a BBB accredited business with an A+. 

The company’s head office is at Airport Executive Center, 1780 Wellington Avenue, Suite 104, Winnipeg, MB R3H 1B3.

Company documents

Privacy Policy
Terms of use

Our friendly service team is dedicated to taking the time to get to know you, treating you with respect, and working with you to determine the financial solution that’s right for you

© Keystone Finance Inc.

Calculate loan payments in Keystone Finance Solutions

Keystone Finance Solutions calculator will allow you to calculate an approximate payment schedule for the loan

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What to pay attention to when applying for a loan from Keystone Finance Solutions

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Keystone Finance Solutions from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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