Private Mortgage London & Ottawa, ON
Unable to qualify for a traditional mortgage? Worried about fulfilling your dreams? Find out how to be eligible with our help!
With the new rules, the new regulations the strictness of the eligibility criteria for borrowers to qualify has become quite tough. Not everyone has the perfect credit score to get the mortgage they need.
A lot of people are starting to feel like getting a mortgage has become impossible. But if you ask an experienced broker like Balwinder Singh, he will tell you that there is still an option for you: Private Mortgages!
What are private mortgages?
Mortgages where the funds are collected from other businesses or from other persons of individual nature instead of a bank or financial institution are called private mortgages. They are beneficial to those who do not qualify for a loan via the traditional way but are chosen by qualified borrowers as well for the speed and ease.
What are the advantages of private mortgages?
- Easy to qualify
- Easy to negotiate
- Faster process
- Quick approvals
Private mortgages can do what traditional mortgages can’t. These mortgages allow a buyer to easy qualify for the required mortgage amount and provide easy bargains. When you apply for a private mortgage, the lender is not as keen on your income as a traditional loan officer would be.
Since there are fewer criterion to qualify for with a private mortgage, the process is much faster and so is the approval. A borrower who qualifies for a traditional mortgage may sometimes still choose private mortgages because of the speed they get.
This implies that there are options out there for people who don’t qualify for traditional mortgages to fulfill their dreams!
Why choose Balwinder Singh to guide you?
Any mortgage process goes better when you have a guiding hand for it. The expertise and experience would let you take advantage of the mortgage market and let you ensure a great deal for yourself!