Thank you for your question regarding private mortgage lenders in the Toronto area.
Private Mortgage Lenders
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!
Canadalend also offers advice and help on the following other services:
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.