Private financing can help to make your dream of property ownership a reality. Accessing private lending sources can help open doors to non-traditional mortgage options. They can also assist you in acquiring a mortgage, without the conventional guidelines of banks and other lenders.

Benefits of Private Financing

There are plenty of good reasons to arrange private financing for your mortgage. Private financing can help you:

1. Acquire a mortgage without a large downpayment

As mortgage applications rules and regulations get tighter, it has become increasingly difficult for people to be successful with their mortgage application. Private financing can help provide the funds necessary for a downpayment, in order to help acquire your mortgage.

If you are self-employed, in the process of building up your credit rating, in arrears on your taxes, or if you don’t have a guarantor, then private financing can help bridge this gap.

2. Acquire a mortgage even with a complicated financial situation

3. Build your investment portfolio in more than one way

If you are already investing in RRSPs or shares, own investment property, or are starting a business, then private investing can provide you with the funds to keep your portfolio growing.

Should I Choose A Private Mortgage Lender?

Working with a private mortgage lender can be the solution to property ownership for people in a variety of circumstances. If you find yourself ineligible for a traditional mortgage, then a private mortgage lender may be a great solution.

If you fall into one or more of the following situations, then a private mortgage lender could be right for you:

  • Your credit score is low.
  • You’ve recently filed for bankruptcy.
  • You don’t have enough for a downpayment.
  • You have a non-traditional source of income, which impacts your mortgage qualification.
  • You want to purchase a unique property.
  • You want to arrange flexible repayment terms.

How Fran Can Help

ā€œIf you have a unique employment situation, are struggling to rebuild your credit rating, or are working to increase your savings, then it can be quite challenging to qualify for a traditional mortgage. I can help you navigate non-traditional options and help you move forward with your plans.ā€

Purchasing a property can offer many possibilities and benefits, but it can be tricky to work through the private mortgage lender process. You want to work with someone who will help you understand the best options, so you can make the right choices. Fran will help you determine the best private lender mortgage for your property needs.