Private Mortgage

Private Mortgage

Looking for a loan when you have a bad credit score or a bankruptcy in your name can be highly frustrating. With a record like that you should not be surprised if banks and financial institutions turn you away. Having an insufficient income or an environmental issue surrounding the property you want to purchase can be equally bad news. Fortunately, you can get a private mortgage from individuals or private groups who are in it for a better return on their investment and do not care for your past records.

Since private mortgages are highly risky from the creditors’ point of view, they usually have a higher interest rate than bank loans. The payment terms are also shorter and are typically of only 6 to 12 months, although you may be able to get an extension if you can provide a valid reason. Approval usually arrives on the same day and funding can happen in the same week. Even if there is a delay, the entire process won’t take more than two weeks.

Private mortgage lenders like to limit their investment to their area of interest. Therefore, the only way you can access a private mortgage is through a mortgage broker who has access to the lender. We have access to many large funds and have good working relationships with their owners/managers. We can get you the lowest interest rates and the best terms of payment that you can find in the market.

If you are looking for a private mortgage, complete the below form and click the ‘Submit’ button. We will get back to you shortly with more information about our private mortgage options.