Private mortgages are generally more expensive than traditional bank mortgages, however, there are many advantages. Interest rates are not the only cost to consider. Often private mortgages are a stepping stone to obtaining a consumer's financial goal whether it be paying out high rate credit cards, restoring poor credit, or not having to fulfill stringent paper documents with a traditional bank.We have great sucess with finding private funding for the client who has had credit difficulties, has equity in a house but does not qualify for a bank rate. We educate these clients and get them on the correct path to restore their credit. After all, our goal is to place all our clients in the best possible mortgage they qualify for.
*Subject to approved credit, income verification and meeting lending credit granting criterea. Applies to residential mortgages only and some conditions may apply. O.A.C., E.O.E All content is subject to change without notice.