Private Mortgage in Markham

We offer a personalized approach in order to get the best interest rates and terms on your private mortgage. Our experienced team of brokers is well-versed in all types of mortgages, from traditional to alternative.

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We Can Help You Get Approved For A Private Mortgage

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Private mortgages work in much the same way as traditional mortgages. The borrower will negotiate terms with the lender regarding repayment schedules, interest rates and other conditions. Once these details have been agreed upon, both parties enter into a contract which outlines all of the details of their agreement before funds are disbursed .


Private mortgages can provide you with more flexible financing options than you might find through a traditional lender. We understand how important it is for borrowers in today's market to obtain the best possible mortgage product for their unique situation. We are committed to helping our clients get approved for a private mortgage that meets their individual needs so they can make the most of their investments.


Contact us today to learn more about our services!

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Benefits of a Private Mortgage

01

Lower Interest Rates

Private mortgages can offer lower interest rates than banks, credit unions, and other traditional lenders because they are not subject to the same requirements that come with lending money through a a financial institution. This means they can be more flexible with their rates and terms so you could potentially save money on interest payments over time.

02

Speedier Approval Process

It can take weeks or even months for some banks or credit unions to process a loan application. With a private mortgage however, you’re dealing directly with an individual lender so it’s much easier for them to assess your situation, make a decision quickly, and get your mortgage approved.

03

Less Documentation Required

Applying for a loan at a traditional lender usually requires mountains of paperwork and documentation. Private mortgages are often much more flexible in terms of the documentation that is required so you don’t need to worry about gathering all your financial records together.

04

More Flexible Repayment Options

With a private mortgage, you have more control over how and when you repay it which can be beneficial if you have an irregular income or other special circumstances. Many private lenders also allow for early repayment without penalty or fees so you could save yourself from paying interest longer than necessary.

Private mortgage solutions that work for you. We can help you get the money you need.

Frequently Asked Questions

Answered below are some of the questions we most commonly receive.

  • How do I qualify for a private mortgage?

    To qualify for a private mortgage, you must be able to demonstrate your ability to repay the loan with proof of income and credit history. You should also provide detailed information on your financial goals and plans for the property being purchased or refinanced with the loan funds. The private mortgage lender will also assess the property’s value to ensure it can be used as collateral. 

  • Do private lenders conduct credit checks the same way banks do?

    Private lenders typically do not use the same credit check process that banks use. Private lenders have their own set of criteria for evaluating a borrower's creditworthiness and may take into account other factors such as income, debt-to-income ratio, liquidity, and collateral when assessing a loan application. 


    Generally speaking, private lenders tend to be more lenient with their credit requirements and may offer borrowers more favorable loan terms than those offered by banks. It is important to note, however, that these lenders are still subject to the same consumer protection laws that regulate traditional banks and should be approached with caution. 


    Furthermore, it is always a good idea to do your research when considering a private lender as there may be hidden fees or restrictions that could create an unmanageable repayment burden. 

  • Can I get a private loan with a bad credit history?

    It is possible to get a private loan, even with a bad credit history. However, it may not be easy as many lenders are reluctant to lend money to borrowers with bad credit.  If you are looking to get a private loan, it is important that you do your research and shop around for the best rates and terms. Consider seeking out lenders who specialize in bad credit loans or consider turning to family or friends for a loan.


    We can help you navigate this process and find the best solution for your needs. 

  • What risks are associated with private mortgages?

    As with any loan, there are risks associated with taking out a private mortgage. These include higher interest rates and fees, since lenders have fewer regulations when it  comes to setting terms. Additionally, private mortgages can be more difficult to refinance, so you may need to pay off the loan in full if you decide to move or sell the property. 


    Finally, since the lender is an individual investor, it is important that you research and vet them thoroughly before making a commitment. 

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