Mississauga Mortgage Brokers Mississauga Mortgage How to get the best rates How to buy a home Buying a home GTA

WHY USE A PRIVATE MORTGAGE LENDER 🤔

WHY USE A PRIVATE MORTGAGE LENDER?

You would use a private mortgage lender under any of the following circumstances:

  • To pay off high-interest credit card debts
  • To pay for home repairs or renovations
  • For living expenses after a work layoff
  • To stop a power of sale/foreclosure
  • To pay tuition fees for college/university
  • Equity take-outs for starting a business
  • Short term financing that is open and no penalties
  • Don’t want to refinance your 1st bank mortgage because the penalties are too high
  • You want to purchase an unconventional property that a prime lender or bank won’t finance.
  • You need fast financing and don’t want to wait for a long approval process.
  • Your bad credit history means you are being turned down by conventional lenders.
  • You have non-confirmable income that is preventing you from obtaining a traditional mortgage.

Other situations where Private Mortgages make sense.

With rates starting at 6.99% private financing is a great short-term option.

Connect with Rick and team to find out how we can help you secure a Private Mortgage today!

CONNECT WITH TEAM RICK SEKHON

No comments yet.

Leave a Reply