Free Advice: 416-499-2122
Or email: ron@mortgagebrokerstore.com
 
marketing image

Cornwall Private Lender – Second Mortgage Money & Loans

A Cornwall private lender can help if you have been turned down for a second mortgage or loan by the banks. Our lenders may still be able to help you get the funds that you require. We will look at your total financial situation to fully assess if a private mortgage financing fits your needs.

A private mortgage loan comes from a private individual who providing the money. It is also called a home equity loan or private second mortgage. Most private mortgage lenders in Cornwall tend to only lend in small geographic areas such as Cornwall. Some private mortgage loans can start from as little as $20,000.00. The term of the mortgage is usually 1 year but could be longer. The private mortgage company then goes through the same process a Canadian bank does and registers the loan against your property. This means that the decision to lend is based on the equity and value of the property being put up as collateral, and not based on the your credit. Most private mortgages and second mortgages in Ontario have a maximum loan to value ratio (LTV) of 85%.

Reasons for a Private Mortgage

Some reasons for obtaining private mortgage loans are debt consolidation and home renovation. Due to some of these factors the borrower may not be able to take a loan or mortgage on their property from the banks. Our job is to get you the loans you require. We can arrange your loan even if you do not have a great credit score.

Faster Transaction

Many of you have already spent hours and hours traveling to the banks and on phone conversations. You have filled out numerous forms and provided everything the banks asked for and you still do not have the loan. Our private mortgage agreement form makes our company one of the fastest private mortgage lenders in Ontario. Compared to ordeal you have already gone through with the banks this is easy private mortgage money to acquire.

We are based in Ontario and a have a tremendous amount of knowledge regarding the local Cornwall real estate market. We have already arranged private second mortgages Cornwall. We cover all of Eastern Ontario as well as Southern Ontario. Follow this link for the 2011 Cornwall census.

Private Mortgage Lenders Cornwall Information

Cornwall
Ontario
(City)
Ontario(Province)
Population and Dwelling Counts Cornwall, City Ontario
Total Total
Population in 2001 45,640 11,410,046
Population in 1996 47,403 10,753,573
1996 to 2001 population change (%) – 3.7 6.1
Total private dwellings 20,129 4,556,240
Population density per square kilometre 738.1 12.6
Land area (square km) 61.83 907,655.59
Earnings in 2000 Cornwall, City Ontario
Total Male Female Total Male Female
All persons with earnings (counts) 21,170 11,255 9,910 6,319,535 3,311,105 3,008,425
Average earnings (all persons with earnings ($)) 26,352 31,801 20,164 35,185 42,719 26,894
Worked full year, full time (counts) 11,320 6,850 4,475 3,527,045 2,061,355 1,465,690
Average earnings (worked full year, full time ($)) 36,145 40,871 28,911 47,299 53,937 37,962
Income in 2000 Cornwall, City Ontario
Total Total
Persons 15 years of age and over with income 34,175 8,598,560
Median total income of persons 15 years of age and over ($) 18,370 24,816
Composition of total income (100%) 100.0 100.0
Earnings – % of income 67.6 78.7
Government transfers – % of income 19.2 9.8
Other money – % of income 13.2 11.5
Selected Household Characteristics Cornwall, City Ontario
Total Total
Total – All private households 19,020 4,219,410
Households containing a couple (married or common-law) with children 4,895 1,376,975
Households containing a couple (married or common-law) without children 5,470 1,179,330
One-person households 5,750 990,160
Other household types 2,905 672,950
Median household income, 2000 ($) – All households 34,132 53,626
Median household income, 2000 ($) – One-person households 16,668 25,253
Median household income, 2000 ($) – Two-or-more-persons households 44,634 64,201
Number of rented dwellings 8,140 1,346,990
Average gross monthly payments for rented dwellings ($) 557 753
Number of owner-occupied dwellings 10,870 2,816,220
Average monthly payments for owner-occupied dwellings ($) 695 964
Selected Occupied Private Dwelling Characteristics Cornwall, City Ontario
Total Total
Total number of dwellings 19,020 4,219,415
Number of owned dwellings 10,880 2,862,300
Number of rented dwellings 8,140 1,351,365
Number of dwellings constructed before 1991 17,815 3,615,880
Number of dwellings constructed between 1991 and 2001 1,205 603,530
Average value of dwelling ($) 98,084 199,884

Apply Now

Your Name (required)

Your Email (required)

Phone Number (required)

Enter Code: captcha