Private Mortgage solutions
Do You Need a Private Mortgage?
In some cases where credit, income, or the property do not fit well with conventional lenders, private lending can be a good option, or a temporary option. Rates are always higher than traditional lenders because the risk is higher to the lender, but traditional lenders may not be available in some situations. There are also fees to the broker as this is one of the few cases where the broker is not compensated directly by the lender. Ideally, private mortgage financing is a short-term solution until we can move the client back into a conventional lender.
Consider Lending as Private Lender
We also work with private lenders who have funds available, and we match that lender's preferences with appropriate borrowers. Our private lenders choose whether to lend on individual mortgages on a case by case basis after reviewing the file themselves. The lender's financial interest is registered directly with BC land title office by the lawyers acting on the file. We are not a Mortgage Investment Corporation, and do not provide investment advice.
Contact us for more information.