A private mortgage is a great way to get fast cash for just about any purpose. If you don't qualify for a regular mortgage due to credit challenges this is where private lenders can help. Private mortgages can offer you differed payments and short term agreements to help you rebuild your credit score. This will allow you to complete a refinance within a short time thereafter. Private mortgages are offered by large, well established companies who are in the business of lending their money to the public. The investors of these companies are ex-bankers and have lots of experience in determining credit worthiness. Our investors specialize in private lending segments because they realize that conventional banks turn away far too many people that are willing and able to pay back their loan. An institution will base its decision primarily on your credit and a private lender will base their decision primarily on your property.
Here are some ways we can help you by using our source of private lending. In Ontario, our private investors do not require an appraisal to determine the value of your home. However, if the investor feels that the value is undetermined, we will require an appraisal to proceed.
- Approvals within 24hrs
- Home renovation and construction projects
- Individuals who can't prove their income by conventional means
- Debt consolidation or recovery from bankruptcy
- Income tax, Property tax and Mortgage arrears
- Unique properties including cottages
- Power of Sale
- Bruised Credit
Call us today and speak to one of our mortgage specialists or apply online. Should you have any questions or require any guidance, a dedicated representative will be available to guide you every step of the way.