Private Mortgages Canada are a powerful sources of money and fill a huge void in the market place. It can be a preferred form of real estate financing, ideal when conventional lenders said NO.
So often I hear frustrated clients say "the bank turned me down for a mortgage".
But, even if you have had a Consumer Proposal or Bankruptcy, we may be able to help you clean up your credit enough to secure financing.
Or, get debt consolidation help for a customized strategy using this short term lending.
Here are typical uses for private funds
Here are some characteristics for this mortgage:
As little as a $500 security deposit will get you started.
Private mortgage money in Ontario Canada has over time been a viable fix to shorter term lending. But, it must be the correct solution for you with a good exit strategy and a plan to get you back on track.
Private mortgage lenders who fund bad credit home loans, focus on the equity and the qualify of your home and the area. If your home is easily marketable and there is sufficient equity, bad credit can be overlooked by a private lender. Whether you need to pay off expensive debt, renovate your home or to buy a rental property, you get the money, fast. Second mortgages are a good short term fix for self employed mortgages too. Also see how this strategy is a fit to improve credit score.
So, if your financial situation has become serious, don't delay. Why not give me a call so that we can assess your situation together and see if a private first mortgage or a second mortgage private lender is a right solution for you.
At times, this can be the best solution for securing additional money you need. It's the easiest way for you to access the equity in your home for the cash you need to use as you see fit.
Interest only 2nd Mortgages can be used for anything from home renovations to debt consolidation to reduce debt, with the later being the most common.
If you operate your business by the book and report all income on your tax returns plus you have good credit this mortgage is your perfect fit. For example, you're a business to business operation -- this means that your business provides services to other businesses and all your business income is invoiced and recorded -- there is a paper trail for everything with no cash income is involved.
You're just a little short on income on your tax returns and the bank you've dealt with for years turned you down for a mortgage?
No Problem – we’ll save you money and hours of frustrating work by using mortgage products specifically designed for small business owners. You’ll be way ahead. We'll give you mortgage help you deserve.
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