905.537.8815 FSCO No. 10420
Banks and "A" Lenders pay us for your residential service. EXCEPT bad credit mortgages, some self employed mortgages from "B Lenders", private mortgages or multi-use and commercial loans - broker fees are payable by clients. Lenders change their products and interest rates without notice.
..... follow me to get mortgage updates ... Marie Copeland @AxcessMortgage
Private real estate loans in Canada are a powerful source of money filling a huge void in the mortgage market place. It can be a preferred form of real estate financing when institutional lenders said NO.
Private mortgage lenders go beyond the banks.
Often I hear frustrated clients tell me their bank turned them down for a mortgage.
Even if you have had a Consumer Proposal or Bankruptcy, we may be able to help you clean up your credit enough to get you financing.
What are the characteristics of private mortgages?
Often, by the time I see clients needing private real estate loans, their credit is so damaged that the creditors have closed all their credit cards. Or, they have cut up their credit cards thinking that will keep them out of trouble.
Unfortunately this can't be further from the truth. Having no revolving credit (credit cards) can be worse than bruised credit. Even if you have other loans, you need a credit card to establish your credit history.
If you don't have an active credit card, you need to get one as soon as possible. Private mortgage and a secured credit card allows you to build a solid credit rating. Many people have been declined by their bank for a credit card -- so, secured visa or master card is your best bet.
And, the best part is that almost everyone is approved. If you need a secured credit card, use a link at the bottom of this page to take you to a secured visa information and application.
Let's take a look.
Private mortgage lending in Ontario Canada is a viable source of short term lending. But, it must be the right step for you with a good exit strategy and a plan to get you back on your feet.
Private mortgage lenders focus on the equity and the qualify of your home and the area. If your house and area is marketable and you have enough equity, private lender will likely overlook your bad credit issues. This is provided that the money you're borrowing will resolve your credit problems.
Whether you need to pay off expensive debt, renovate your home or to buy a rental property, you get the money, fast.
Need second mortgage info for self employed no proof of income but have bad credit ?
If you can show enough cash flow through your bank deposit history, Even home loans and your credit is bad -- - are a good short term fix for self employed no proof of income borrowers too.
If your financial situation has become serious or you need bad credit debt help, private bad credit lenders will give you the help you need.
It's the easiest and fastest way for you to access tax free equity in your home for the cash you need to use as you see fit.
Marie Copeland, mortgage broker help with your private real estate loans.
Contact me and we'll decide together if private real estate loans are for you.
Call 905.308.8063, or
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