Private mortgages can potentially become a great financial solution for homeowners who are looking for alternative financing options in Toronto and across the GTA. If you are a homeowner in need of funds and are unable to get a mortgage from banks, then you can borrow the amount of money through private mortgages.
A private mortgage is simply a mortgage, which is given through investors other than banks. The investors or private lending bodies have more flexible lending processes, which are not as stringent and drawn out as conventional banks. In most cases, you will be able to get a private mortgage as long as you are a homeowner and there is equity in your home. The loan amount you can get for a private mortgage will be based on the equity of your home.
At Canadalend.com we network with many private investors and mortgage lenders who have helped our clients with private mortgage financing. So, ease your financial stress by getting in touch with us right away and we will be more than glad to professionally help you choose the best refinancing option available in the market!
At Canadalend.com we have access to many private mortgage lenders in Toronto who are willing to take the risk that a bank or financial institution shies away from.