Choosing a private mortgage can be a viable option for borrowers who may not qualify for a traditional mortgage from a bank or other financial institution.
Private lenders may be more lenient with credit requirements than traditional lenders. This can benefit borrowers with poor credit or a history of financial difficulty.
Private lenders can offer more flexible terms than traditional lenders, such as interest-only payments, flexible amortization schedules, and adjustable interest rates. This can provide more options to tailor the mortgage to their specific needs.
Borrowers who are self-employed may find it difficult to qualify for a traditional mortgage. Private lenders may be more willing to work with these borrowers by looking at the borrower's overall financial situation.
Private mortgage lenders, also known as alternative lenders, are non-institutional lenders that provide mortgage loans to borrowers who may not qualify for traditional bank loans. Unlike traditional lenders, private mortgage lenders are typically individuals or private companies that use their own funds to finance mortgage loans. They have different loan criterion, interest rates, and approval processes compared to traditional lenders.
We help all borrowers find the right private mortgage and navigate the application process with ease.
We’ll guide you through gathering the necessary documentation and preparing for potential requirements.
With access to a network of private lenders, we can find the right lender for your needs.
Once we’ve narrowed down the options, our discussion will help you understand the terms and answer any questions.
Moving forward with your application, we’ll help when it comes to credit checks, income verification, and property appraisals.
We can coordinate the closing process, ensuring that all necessary documents are in place and the loan funds are disbursed in a timely manner.
Jason Anbara has access to a network of lenders and can help you find the best rates and terms for your private lending mortgage in Canada.