Need to access alternative financing? We specialize in private mortgage lending in Toronto and across Ontario.
Although private financing is typically a homeowners last resort to obtaining financing because of the higher interest rates associated with them, if they’ve had no luck in obtaining a mortgage from an institutional lender, you’ll often find that a privately-funded mortgage is an ideal alternative to the situation. Many homeowners sit on large amounts of equity in their homes yet still have trouble getting approved for a loan from a traditional lender. This is where private mortgages come in.
Whether you’re utilizing private financing to purchase property or to pay off an existing debt, a private mortgage lender can provide you with the financial flexibility that you’ll need and also offer a suitable payback option. We work with homeowners all over Ontario on putting together a custom loan package with payment terms that work for them. The advantage of a private mortgage is that there is more flexibility as far as terms and better communication between the homeowner and the lenders.
Mortgage Meister offers private mortgage solutions across Ontario
Most private lenders in Ontario, like MortgageMeister.com Ltd, are licensed private mortgage professionals and have the needed experience in the financial and real estate industry. Their money typically comes from investors, a mortgage investment corporation, or possibly even their own personal funds, and the mortgages are typically of the short-term variety. Some homebuyers attempt to obtain private mortgages on their own, but you’ll probably find it’s more effective and less stressful to enlist the aid of a professional mortgage broker. MortgageMeister.
Some homebuyers attempt to obtain private mortgages on their own, but you’ll probably find it’s more effective and less stressful to enlist the aid of a professional mortgage broker. Like trying to buy or sell a home without a real estate agent, it can sound like a good idea at first, but you soon find it’s not worth the hassle and huge investment in time to try and do it on your own. MortgageMeister.com Ltd is located in Toronto and can obtain private financing in Toronto or anywhere in Ontario.
MortgageMeister.com Ltd is located in Toronto and can obtain private financing in Toronto or anywhere in Ontario. We work with many different private lenders and it’s our job to find you the right private lender that will meet your needs.
So why do people look to private mortgages? There are many reasons people look to a private mortgage and the money can be used for just about anything. We offer private loans across Ontario and the reasons range from short-term real estate investments to purchasing a business to paying off high-interest debt.
Reasons for obtaining a private mortgage:
- An alternative to traditional lending institutions
- Free up your cash flow
- Pay out income tax arrears
- Pay out property tax arrears
- Consolidate high-interest credit card and other unsecured debt
- Repair bruised credit in order to be able to qualify for institutional financing in the future
- Investing in real estate or business
- Short term bridge funding for investments
Private mortgages can be used for many things and can be a great solution when the banks and traditional lenders turn you away. You’ll also find that the process is more personable and less stressful as there is less democracy and red tape involved int he process.
At MortgageMeister.com, we will provide you with all the information needed regarding private mortgages and guide you through the process every step of the way, including setting up the financing on your behalf. We provide private loan funding in Ontario and can match you with the private lender that meets all of your needs. Contact us today to get a free assessment and advice on obtaining a private mortgage from one of our mortgage professionals.