A professional mortgage broker helps guide borrowers to the appropriate mortgage lending solution. As long as a borrower:
(1) owns a property with equity, or
(2) is buying a property with a good down payment, we can help!
Mortgages are granted based on the overall application score and are heavily weighted on a borrower's property equity.
Rush purchases
Property refinance
Equity take out
Debt consolidation
Poor credit financing
Low documentation financing
Approvals when the bank has declined
Divorce and separation financing
Funding for business needs
Development financing
Construction financing
1st, 2nd, and 3rd mortgages
Testimonials
Private lending provides faster approvals, flexible terms, and options for borrowers who don’t meet strict bank criteria.
There are no specific minimum credit score or income requirements for approval, as some solutions are designed to improve credit scores or bridge periods of income gaps. Approval is primarily based on property equity and a well-defined exit strategy.
Typically, at least 25% equity is required, however each application is decided upon case by case, so equity required may be higher or lower. (Equity is the property value less financing on the property).
Rates typically range from 7% to 14%, however could be more or less. Every borrowers scenario is unique, so every loan is priced uniquely.
Yes, they are subject to provincial regulations and consumer protection laws.