Private mortgages provide options for those struggling to be approved by other lenders.
What You Need to Know...
First, it's important to know that private lending is not to be entered into lightly. We will only recommend a private mortgage if you are not eligible for a mortgage with more conventional lenders. It is a great short-term solution as we work together to get you in a better position for approval.
Private mortgages often come with higher interest rates because they are short-term. It's important that we devise your "exit strategy" to get you into a mortgage with a lower rate when the term is up.
Private mortgages may be a great solution for clients who are self-employed, work contract or seasonal employment, have difficulty proving income or lack some of the standard documentation.
If you think a private mortgage may be the solution for you, book a consultation and let's review it together.