Mortgages
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Learn how our private mortgages offer the flexibility to tackle your unique financing challenges.
Learn how our private mortgages offer the flexibility to tackle your unique financing challenges.
This type of mortgage is a flexible alternative for borrowers who may not qualify for traditional loans through banks or credit unions. They typically serve as short-term solutions to a financing challenge you are facing.
Private mortgages are ideal for individuals facing specific financial or situational challenges, such as:
When purchasing a unique or unconventional property that traditional lenders won’t finance.
If you require quick funding and can’t afford to wait through a lengthy approval process.
For those with a low credit score or bad credit history who have been turned down by conventional lenders.
If you only need temporary financing before transitioning to a traditional mortgage.
For borrowers with self-employment income or irregular earnings that don’t meet traditional lending criteria.
If your home is under power of sale, we can refinance to access equity or secure a private mortgage to cover arrears and prevent eviction.
Ensure clear and transparent terms and conditions
Ensure proper legal documentation
Know your responsibilities as a borrower
Adhere to the terms and requirementst
Negotiate the best terms
Before diving into paperwork, meet with our team of private mortgage specialists who can assess your situation, explain your options, and guide you through the entire process. We’ll help you understand the terms, rates, and requirements specific to private mortgages.
Different documents will be required based on your unique situation, but they will typically include proof of income to demonstrate your ability to make mortgage payments. If income documentation isn’t available, a short-term mortgage with pre-paid interest may be an option.
We work with you to find a lender that fits your unique needs. Our team customizes the loan to align with your goals and financial situation, ensuring the best possible solution for you.
Our mortgage team will order the appropriate appraisal tailored to a specific lender to determine the value and marketability of your property.
Once approved, we finalize the terms and ensure the loan includes a clear exit strategy, so you are not tied to the loan longer than necessary. This helps to minimize costs and transition you to a more favorable financial position.
Get customized financing solutions. Apply now and start in minutes!
A private mortgage is a loan provided by private lenders, such as individuals or Mortgage Investment Corporations (MICs), rather than traditional banks. These loans are often used by borrowers who may not qualify for conventional financing due to poor credit, unique property types, or urgent funding needs.
To qualify for a private mortgage, you typically need to provide information about your financial situation and the property you wish to finance. While credit scores are considered, private lenders are generally more flexible and focus primarily on the value of the property as collateral.
Interest rates for private mortgages can vary widely but generally range from 6.5% to 15%, depending on factors such as the lender, the borrower’s financial profile, and the property’s value.
One of the advantages of private mortgages is their speed. If approved, funding can often occur within days, allowing borrowers to access funds much faster than traditional mortgage processes.
If you default on a private mortgage, the lender may initiate foreclosure proceedings more quickly than traditional lenders. It’s essential to have a repayment plan in place and communicate with your lender if you encounter financial difficulties.
After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
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After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
After you submit the form, we’ll reach out to discuss your goals, address any questions, and provide customized, no-obligation quotes. Feel free to let us know if there’s anything else you need!
