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

Pickering Private Lenders –  Mortgage Money & Loans

We have Pickering private lenders that can help you get money for a second mortgage or home loan. If you are self employed or have bad credit we can help. If you have been turned been turned down for a second mortgage or loan in Pickering by the major Canadian banks, a private lender may still be able to help you get the money that you need. As you may be aware Canadian banks have recently raised their loan qualification criteria. Most of the increased criteria results from restrictions that the Bank of Canada has put in the major Canadian banks. Basically, the banks have very little choice when accepting applications from people in Pickering. All applications must meet the banks stringent requirements or you will not get the loan.

We will look at your total financial situation to fully assess if private mortgage financing fits your needs.

Pickering Lenders

Pickering lenders are not restricted by the government regulations and can loan any amount of money that they want for a mortgage or personal loan. Private lenders in Pickering are willing to accept a higher level of risk and will accept people with a bad credit rating or people who are self-employed.

A private mortgage loan comes from a private mortgage lender who providing the money. A private loan is also called a home equity loan or private second mortgage. Most private mortgage lenders in Pickering 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.

A private lender 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. Lenders in Pickering are not basing their decision on your credit rating. Most private mortgage lenders in Pickering have a maximum loan to value ratio (LTV) of 85%.

Pickering Mortgage Agents

Our mortgage agents have a very strong knowledge of the housing market in Pickering, we have arranged many mortgages and loans for home owners in this area. Call us for a fast risk free consultation so that you can quickly determine if a private mortgage or loan is the best solutions to your money problems.

 

Apply Now

Your Name (required)

Your Email (required)

Phone Number (required)

Enter Code: captcha