Private Mortgage Lending

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.

5 Simple Ways To Make the Best of Your Private Mortgage Experience

Truth be told, most people want to stay clear of needing a private mortgage, and it’s 100% understandable. In some cases though it is necessary to get from a Point A to B. When you take out a private mortgage, there are 5 key things that need to be hit ...
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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 ...
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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 ...
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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 ...
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A Lenders, B Lenders and Private Mortgage Lenders – What’s the Difference?

The start of 2018 meant, in Canada, the beginning of government-ordered “stress tests” to institutions that wanted to offer home loans. The end result was an increase in the difficulty for most potential borrowers to qualify for a mortgage. The price boom throughout much in Canada, particularly in such large ...
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Private Mortgage Lending Most Common Questions

12 OF THE MOST COMMON QUESTIONS REGARDING PRIVATE MORTGAGE LENDING 1. What is the contract interest rate? 2. Are there any upfront fees? 3. What is the Loan-to-Value (LTV) that you can finance against my property? 4. What are the pre-payment penalties? 5. What are the fees associated with getting ...
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Private Mortgage Lending Common Questions

If you are trying to take out a mortgage to buy that new house, but you’re having a hard time getting financing from a traditional lender, a private lender can step in and get you into that home with a short-term note that gives you the time to get your ...
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Refinancing FAQ – PRIVATE 2ND MORTGAGE, EQUITY LOANS

THE MOST COMMON QUESTIONS REGARDING PRIVATE 2ND MORTGAGES AND EQUITY LOANS What is the Difference between a Second Mortgage and a Home Equity Line? Answer: There are a few between second mortgage and home equity lines of credit. Second mortgage offer fixed rates for a fixed term. Home equity lines ...
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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 ...
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The Basics of Private Lending – for the Lender and the 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 payment saved away to do so and has the means to make monthly payments. In both ...
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5 Steps to Success with your Private Mortgage

If you’re going to take out a private mortgage, you’re starting a relationship with a lender that will work a little differently than what you can expect from a bank or other traditional lender. Let’s take a look at some of the key differences, so you’ll know what you have ...
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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 ...
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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 ...
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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 ...
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8 TOP REASONS TO USE AMANSAD FINANCIAL PRIVATE LENDING SERVICES

8 TOP REASONS TO USE AMANSAD FINANCIAL PRIVATE LENDING SERVICES 1. Fast & Efficient Amansad Financial has a large DLGN (Direct Lender Group Network) that will fund mortgages throughout select provinces in Canada and will generally provide a response within 24 to 48 hours. Our process is generally 50% faster ...
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Private Mortgage Loan Lenders in Canada

Are you a Canadian in need of a Bad credit or Low Credit mortgage loan lender? Are Banks and Brokers saying no due to low credit score? When most people think about the process of applying for a mortgage, they think about going to a bank or other lending institution ...
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Private Lending Guide

Understanding the different mortgages available for any applicant is the foundation and starting point of your mortgage search. Having a firm understanding of these differences allows for a much more clear understanding and direction as you begin your mortgage loan search. Given that Amansad Financial Services provides primarily B and ...
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