Private Mortgage Loans & Financing

When you choose to deal with a mortgage broker, the options for securing a mortgage to suit your needs are greater than those the traditional financial institutions are able to offer.

One of the lesser known, but perfectly viable options is a private mortgage. Generally, private mortgages are offered by well-funded companies that are experienced in determining risk and credit worthiness. Plus, they have the capitol and financial backing to engage in private mortgage lending. When higher-risk applicants are turned down by commercial banks, private mortgage lenders will assess their situations and determine whether or not the applicants are qualified. If you're looking to obtain funds for renovation, debt consolidation or to invest in another property, a mortgage broker can help you find the right mortgage lender when banks are not an option. 

Typically, a private mortgage loan will come with a higher interest rate than a traditional mortgage. Ideally, applicants need to consider other, less expensive options before considering private mortgage lending, but a qualified mortgage broker can act as intermediary when the applicant is turned down by a more mainstream mortgage lender. A good mortgage broker will have a few potential private mortgage lenders as contacts; he or she will do everything possible to secure the lowest possible rate from established private mortgage lenders. This process will sheild the applicant from unscrupulous predatory lending, ensuring an amicable arrangement for all parties involved.

Our company has facilitated private mortgage lending for Canadians in every province. For more information, please call 1-888-939-8484.