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North York Private Lender- Second Mortgage Money & Loans

  Hi my name is Ron Alphonso, I can help if you have been turned down for a second mortgage or loan in North York. I have private mortgage lenders in North York that can provide the money that you require. I will look at your total financial situation to fully assess if private mortgage financing fits your needs. Please call me for a free consultation.

 

What is a Private Mortgage?

A private mortgage loan comes from a private mortgage lender who providing the money; it is also called a home equity loan or private second mortgage. Most private mortgage lenders in North York 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. 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 mortgage lenders in North York have a maximum loan to value ratio (LTV) of 85%, in some cases the LTV can be as high as 90%.

Follow this link for North York demographic information.

Private Mortgage Lender North York Information

North York
Ontario
(City)
Ontario(Province)
Population and Dwelling Counts North York, City Ontario
Total Total
Population in 2001 608,288 11,410,046
Population in 1996 589,653 10,753,573
1996 to 2001 population change (%) 3.2 6.1
Total private dwellings 223,889 4,556,240
Population density per square kilometre 3,439.2 12.6
Land area (square km) 176.87 907,655.59
Earnings in 2000 North York, City Ontario
Total Male Female Total Male Female
All persons with earnings (counts) 311,685 161,130 150,550 6,319,535 3,311,105 3,008,425
Average earnings (all persons with earnings ($)) 36,821 45,136 27,921 35,185 42,719 26,894
Worked full year, full time (counts) 164,000 92,975 71,025 3,527,045 2,061,355 1,465,690
Average earnings (worked full year, full time ($)) 49,368 57,404 38,848 47,299 53,937 37,962
Income in 2000 North York, City Ontario
Total Total
Persons 15 years of age and over with income 457,190 8,598,560
Median total income of persons 15 years of age and over ($) 21,692 24,816
Composition of total income (100%) 100.0 100.0
Earnings – % of income 75.3 78.7
Government transfers – % of income 10.5 9.8
Other money – % of income 14.2 11.5
Selected Household Characteristics North York, City Ontario
Total Total
Total – All private households 217,990 4,219,410
Households containing a couple (married or common-law) with children 66,495 1,376,975
Households containing a couple (married or common-law) without children 55,820 1,179,330
One-person households 49,810 990,160
Other household types 45,865 672,950
Median household income, 2000 ($) – All households 48,153 53,626
Median household income, 2000 ($) – One-person households 25,975 25,253
Median household income, 2000 ($) – Two-or-more-persons households 57,527 64,201
Number of rented dwellings 107,305 1,346,990
Average gross monthly payments for rented dwellings ($) 891 753
Number of owner-occupied dwellings 110,685 2,816,220
Average monthly payments for owner-occupied dwellings ($) 1,055 964
Selected Occupied Private Dwelling Characteristics North York, City Ontario
Total Total
Total number of dwellings 217,990 4,219,415
Number of owned dwellings 110,685 2,862,300
Number of rented dwellings 107,305 1,351,365
Number of dwellings constructed before 1991 201,110 3,615,880
Number of dwellings constructed between 1991 and 2001 16,880 603,530
Average value of dwelling ($) 311,962 199,884

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