- Rate: 5.24% LTV: Up to 85%
- Lender Fee: Starting at 2.5%Minimum Beacon: 550
- Amortization: Up to 40 years availableTerm: One year, closed
- Capped lender fee AND (capped broker fee is available at 75% LTV)
- No maximum number of units*
- Title in corporate name or holding company is acceptable.
- Gifted equity or vendor take back acceptable as down payment.
Are you having difficult qualifying for a traditional mortgage loan? Or are you on a short timeline and unable to wait around for the bank to make its final approval?
If you are in either of these situations, you may be interested in a private mortgage loan.
All Credit Types Accepted
Private mortgages are typically viewed as short-term solutions in the financing industry. These types of loans can provide you with the financial resources you need for a year or two, giving you time to become a stronger candidate for a regular mortgage loan.
For more information about private mortgages, call our office at 647-497-7941
A Private Mortgage may be the best solution for you if :