
Private mortgages can be considered a fast and efficient way of securing a lump sum amount of cash if you…
And there are other reasons for choosing a Private Mortgage as well. You may wish to have unique terms written into the Mortgage Agreement, or you may be in a hurry to get approval (private lenders can typically approve mortgages much more quickly than traditional lenders).
There are many advantages of getting a private mortgage including:
Although there are some private lenders that you can approach directly, this is not usually the best course of action. It is almost always best to work with a mortgage agent.
Mortgage agents have contacts with dozens of lenders – some of whom you would not be able to access without going through an agent. In addition to this, since your agent knows the industry so well, they will know which lenders are reputable and which ones to steer you away from.
Your agent will also compare the rates and terms of various private lenders to ensure that you are getting the most appropriate private mortgage for your situation at the best possible price. By having your mortgage agent do this work for you, you will be able to save considerable time and money.
Private mortgages can be considered a fast and efficient way of securing a lump sum amount of cash if you…
How to Qualify for a Private Mortgage? Is your credit score poor? Are you constantly getting your mortgage application rejected…
Many Canadians have turned to private lenders for mortgage financing in recent times. With the country's traditional lenders making mortgage…