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Private Mortgage Lenders Toronto

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Private Mortgage Lenders Toronto
 Private Mortgage Lenders Toronto
 

I am interested in getting some more information about private mortgage lenders, how they differ from banks and what the options available to me in the Toronto area are.

 

My credit isn't that great. 


How would I go about finding a private mortgage lender?

Private Mortgage lenders toronto

Answers

By Canadalend
Hello Pamela,
 
Thank you for your question regarding private mortgage lenders in the Toronto area. 
 
Private Mortgage Lenders
 
A majority of the mortgages in Canada are held either by the 4 major banks i.e Royal Bank of Canada (RBC), Scotia Bank, Toronto Dominion (TD) OR Canadian Imperial Bank of Commerce (CIBC) or one of the other leading institutions.
 
 
Most Canadians have heard of private mortgages but have little knowledge or concept of what they are or how they work. Private mortgages can be an alternative source of financing  for borrowers and are usually a high return investment opportunity for investors. Most banks and institutional lenders typically need to satisfy strict lending criteria and are not willing to budge too far from the norm. As a result they tend to shy away from such transactions. Private mortgage lenders on the hand are willing to fund such transactions based on the equity and location of the home. effectively they come in when all other ma jot banks and institutional lenders are not willing to help.
 
 
The concept is simple - if time is not on your side and you cannot wait for a long approval process or you cannot qualify for a regular mortgage from a bank or institutional lender, then seeking the help of a private mortgage lender maybe the answer you are looking for. 
 

The first thing we would advise you to do is contact one of our mortgage specialists, within 24 hours we will contact you and start you on the fastest path to getting your debt consolidated and refinancing approved.

 

During that process it would be the best time to ask our mortgage specialists about any questions or concerns you may have about lending institutions.

 

Based on your application you might require a private mortgage and our mortgage specialists will be able to educate you more on the subject and we will be sure to let you know everything you need to know about private lenders!

 
private mortgage lenders toronto
 
Canadalend also offers advice and help on the following other services:
 
Canadalend loan solutions toronto
 
Hopefully this information on private mortgage lending options has been helpful to you, please feel free to contact us to find out more about how we can assist you or apply online now. 
 
7 comments
Level 4 (XP: 1250)
11 months ago
Find out more about the private mortgage solutions available to you through Canadalend.
Level 4 (XP: 1250)
last year
Contact a member of the Canadalend team at anytime for more information about the options available to you
Level 4 (XP: 1250)
last year
Thank you again for the comments, we are always thrilled to know that we can help
Level 4 (XP: 1450)
last year
i've come back to review this information because finding information about private mortgage lenders in Toronto is difficult to find
Level 4 (XP: 1450)
last year
excellent thanks
Admin
Canadalend
last year
Thank you for your comment. More information is also available on the Canadalend Website
Level 11 (XP: 5350)
thanks for the information

Reviews

4 member reviews
    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    so hellpful with their responses to mortgage related questions
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
    Very Helpful financing and lending information!
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