Understanding Private Mortgages

Curious about private mortgages? They’re short-term loans using your property as collateral, ideal for unique financial situations. We offer competitive private mortgage solutions and are quick and efficient. View our Private Mortgage service here.

Pros of a private mortgage:

When it comes to mortgages, most choose traditional lenders to meet their specific needs. However, it is not always the case. As mentioned earlier, if you can’t prove your income stream or have a poor credit score, forget about approaching a bank. This is where a private mortgage lender stands out. Another benefit of working with a private mortgage lender is the quick turnaround time, as there is no paperwork to review. A mortgage lender will take into consideration certain properties that banks would not finance. They are:

Vacant land
Commercial properties
Rural properties
Damaged properties
Construction mortgages

Traditional lenders usually only lend for residential and commercial properties. They mainly focus on nice properties in urban areas. On the other hand, private lenders, are open to financing challenging property types. If you are looking to apply for a private mortgage, contact us today.

Have questions? Call us at (289) 804-0857 to speak directly with our mortgage experts.