A private mortgage is where the money lent is coming from a private individual, as opposed to a financial institution. They are typically approved based on the equity in your home, as well as it’s the location and salability, as opposed to your credit and income. They are typically at a higher interest rate than you would find through a bank and will have additional fees associated with them as well. The fees are deducted from the mortgage proceeds, so in most cases, you won’t need to have any money up front, other than approximately $300 – $350 to pay for an appraisal.
It doesn’t matter if you have:
– Bad credit
– Past bankruptcy
– Property tax arrears
– Income tax arrears
– Mortgage arrears
– Consumer proposal
Regardless of what your situation is, you will be treated fairly and with the respect that you deserve. Sometimes bad things happen to good people, and I understand that. I will listen to your situation and help to get you the money you need as soon as possible to get you back up on your feet again.
For more information, just fill in this simple online form
with your details and click submit, and I will get back to you to discuss a HELOC or any other possible mortgage solutions that may also fit your needs.