Are you having a hard time getting approval for your refinance applications, second mortgages or equity take out loans on properties that you already own? Is your existing lender making your loan renewal difficult or rejecting your application outright? Have you had a financial emergency that means that you need extra capital, either for your personal needs or for your small business? Private lenders are individuals and companies that are looking to invest in situations like yours, giving you the funding that you need despite the fact that the banks may not work with you. The interest rates are often higher with private loans, and the terms are often shorter, but these vehicles can make the difference between taking advantage of growth opportunities in your business and falling into stagnation, or between having the funds you need to meet your current situation and having matters continue to spiral out of control.
Private Mortgage Articles
Check out our wealth of articles about various aspects of private lending. We also have a list of Frequently Asked Questions about the bottom of this page. If you decide that private lending could be right for you, please reach out to us via phone, email or live chat. If this seems right for your situation, you can submit a pre-qualifier online.
How to Make a Private Mortgage Work
Table of Content: Are you thinking about making a private agreement to acquire a house loan for yourself or a loved one? A few simple principles will ensure that your financial arrangement runs successfully for ...
Why Choose A Private Mortgage Loan To Purchase A Property
Table of Contents
- Who Should You Use A Private Loan To Purchase A Property?
- Why Consider Taking Out A Private Loan To Buy A House?
- What Does It Take To Qualify?
Superpriorities and Mortgage Lending Transactions
If a lender is going to provide funding with real property as its security, that lender will almost always have thorough familiarity with the due diligence that the borrower and the property go through before the loan goes to closing. The purpose of this due diligence is to make sure ...
Private Mortgage Lending in Canada Why It’s Booming in 2025
The last quarter of 2024 saw a bounce in home sales in Canada, and there is hope that 2025 could bring the real estate market back onto its feet. The government relaxed regulations for mortgages, and interest rates appear to be ticking downward. Those two factors should make mortgage financing ...
4 KEYS TO UNDERSTANDING BANK STATEMENTS & PRIVATE MORTGAGES
Everyone knows that Private Mortgage Loans are more flexible and easier to attain than a traditional mortgage. Aside from the property, one of the key documents reviewed when using private lenders are the bank documents. The 4 Keys when reviewing bank statements are... 1. Consistency 2. NSFs 3. Irregular Activity ...
Why Borrowers Use Private Mortgages
Table of Contents
- Common Private Lending Scenarios
- Private Lending Restrictions and Requirements
- Private Lender Fees
- Working With a Private Lender
How Prepaid Interest Works on Private Mortgages
Obtaining a mortgage in Canada can present a number of challenges to investors and homeowners. Thanks to recent changes in national law, potential borrowers have to go through what is known as a “stress test” to see that they can not only pay their potential mortgage under the prevailing interest ...
Private Mortgage Funding
Looking for Private Mortgage Funding? If you have been looking around for private mortgage funding sources, you have more options then you think. To purchase a home, you likely do not have all of the money on hand you need to buy it outright. The majority of people go to ...
Private Mortgage Loan: Why is it a good idea?
10 Things Private Lenders Need to Know
If you are having a hard time securing financing through conventional means, then a private lender can end up saving the day for you. Whether you have poor credit but think you can clean up your record in a few years or need funding to rescue you from the throes ...
Private Mortgage Loans to Provide Alternative Solution for Businesses during COVID-19
If your business is hurting during the COVID-19 shutdown, and the no-interest loans that the Canadian government is showering on businesses won't work for you because of the program rules, you don't have to close your doors just yet. Private mortgage loans come from investors who are looking to help ...
Getting A Private Second Mortgage in Canada
Table of Contents
- What Is a Private Second Mortgage?
- Can I get a Private Second Mortgage in Canada?
- Making An Application For A Private Second Mortgage
Benefits of Private Financing Mortgages
One of the most frequently broached topics in the financial news is the fact that more and more people seem to be lacking enough money in their retirement fund for their days after they stop working. While personal debt appears to be on the decline, personal saving does not appear ...
Private Mortgage: When You Should Consider One
As a homeowner, you may have come across the term private mortgage, and the odds are that you wondered what sets a private mortgage apart from other mortgages. The thing is, when you get into the process, you’ll find that there are as many mortgage products you can consider as ...
Considering a Private Mortgage
A “private mortgage” involves an entity or individual extending a loan for a mortgage, rather than a bank or credit union. There are many people who have the means to pay a mortgage but who do not fit within the banks' metrics for financing approval; for them, private mortgages allow ...
A Commercial Mortgage – 6 Great Things to Know
# 1 The Definition of a Commercial Mortgage A Commercial Mortgage is a loan securing real estate such as an office building, an industrial warehouse, commercial zoned land, farm land, apartment complex, or any single residential property that carries 4 units or greater. However,it is not limited to this. It ...
Getting A Private Mortgage in Ontario
Table of Contents
- What Is A Private Mortgage?
- When To Opt For A Private Mortgage?
- Private Mortgages in Ontario, BC, Manitoba and Alberta
- Applying for a Private Mortgage in Ontario
Private Mortgage and finance options in Canada
Although most Canadians have heard about private mortgages in Canada, they have only little concept or knowledge about what are private mortgages and how they work. In simple terms, private mortgages can be the perfect alternative source of financing for money borrowers. For investors, they’re usually a high return on ...
Inheritance (Probate) Loans, Settlement Loans, and Private Mortgages
Inheritance (Probate) Loans, Settlement Loans, and Private Mortgages The passing of a loved one is one of the most stressful experiences that families go through. Other stressful experiences include significant injury from an automobile accident or other event that is caused by another person’s doing, either maliciously or accidentally. Adding ...
The Power in Understanding Non-Recourse Private Mortgages
If you are considering taking on a mortgage as part of an investment deal, you are taking on an additional liability should matters go south and you or your group can no longer make payments on the project. It is important to understand the difference between taking out a “recourse” ...
Getting a New Mortgage after a Divorce
Many married couples who end up separating or getting divorced must deal with a jointly owned home as part of the negotiations in the settlement process. In many cases, this home is the largest asset for them to decide how to split. In many cases, one spouse gets the home ...
Avoiding Foreclosure in Canada: Debt Relief from Your Mortgage
Being in debt and facing its consequences can be one of the most challenging situations you can find yourself in. One of these consequences includes facing foreclosure when you’re finding it difficult to make your monthly mortgage payments. That said, you certainly aren’t alone, and there are steps you can ...
Private Mortgage Lenders Alberta
Private Mortgage Lenders Alberta – Private And Bad Credit Mortgage Loans What is a Mortgage? By definition; “A loan that you take out in order to buy property. The collateral is the property itself.” However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan. ...
Bad Credit Mortgage Loan Lenders In Canada
Bad Credit Mortgage Loan Lenders In Canada Bad Credit Mortgage Loan Lenders In Canada The Ins And Outs Of How To Get A Mortgage With Bad Credit Are you a Canadian in need of a Bad Credit, Low Credit or a Private Mortgage Loan Lender? Are Banks and Brokers saying no ...
Private Lending Guide
Private Lending Guide Private Lending Guide The Basics Of Private Lending – For Lender And Borrower A private mortgage can be a great way for a property owner to obtain quick equity from their property or a person who wants to escape the rent cycle and has a sizable down ...