MORTGAGE PRODUCTS

Private Mortgage

Have you been rejected by a bank or mortgage lender? Don’t worry, you have other options! We can connect you with a private lender that can help you accomplish your goal, whatever that goal may be.

Whether you need a first mortgage, second mortgage, third mortgage or a home equity loan, we can help you get private funding.

What is a private mortgage?

A private mortgage works just like a traditional mortgage. Similar to any regular mortgage from a bank, a private mortgage is a loan from a private institution or individual. It is a loan from a private lender as opposed to one of Canada’s chartered financial institutions or mono-line lenders.

Using a Private Lender

Although the loan structure is similar, a private lender doesn’t work like a bank. They don’t have compliance departments, auditing and red tape. They are able to assess and approve a loan very quickly; based on their own criteria and what they deem an acceptable risk. Private lenders have a faster approval, closing schedule and funding time, and reduced qualifying criteria.

When should you consider getting a private loan?

You should consider private loans when:

1. traditional methods for obtaining financing have failed,
2. when you need funds for a short period of time,
3. when you don’t want to refinance your existing mortgage.

We have access to private lenders in every province and every major city in the country and a private mortgage may be for any reason, such as:

1. debt consolidation
2. income taxes owed
3. home renovations
4. education costs
5. anything …..

Bad Credit or No Income Loans

Loans are easily attainable if you have a good credit score and a down payment, but if you are missing one of the two it is not the end of the world. We may still find you a loan if you’re in a situation like these.

PROPERTY TYPES