Hi, My name is Ronald Alphonso our private lenders in Guelph can help you get a home equity loan or second mortgage. Most private mortgage lenders in Guelph tend to only lend in small geographic areas. 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. 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 mortgage lenders in Guelph 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, home renovation, recent job loss, divorce, recent illness and many others. Due to some of these factors the borrower may not be able to take a loan or mortgage on their property from Canadian banks or other financial institutions. 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.
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 real estate market. We probably have already arranged a private second mortgage or private mortgage funding in your local area.
Here is the latest Guelph census.
Private Mortgage Lender Guelph Information
|Population and Dwelling Counts||Guelph, City||Ontario|
|Population in 2001||106,170||11,410,046|
|Population in 1996||95,821||10,753,573|
|1996 to 2001 population change (%)||10.8||6.1|
|Total private dwellings||42,479||4,556,240|
|Population density per square kilometre||1,225.1||12.6|
|Land area (square km)||86.66||907,655.59|
|Earnings in 2000||Guelph, City||Ontario|
|All persons with earnings (counts)||63,190||32,610||30,580||6,319,535||3,311,105||3,008,425|
|Average earnings (all persons with earnings ($))||33,370||41,017||25,215||35,185||42,719||26,894|
|Worked full year, full time (counts)||35,840||21,010||14,835||3,527,045||2,061,355||1,465,690|
|Average earnings (worked full year, full time ($))||45,350||51,867||36,120||47,299||53,937||37,962|