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Like many other areas, private lending changes as technology advances. Different digital platforms fuel innovations in areas like accessibility and risk assessment while streamlining loan processing. Learn more
Private loans depend on various factors, including the economy. Economic fluctuations have a significant effect on the private lending sector in Ontario. Learn more
Mortgage financing is a complex topic, but it’s very important to understand as it plays a fairly pivotal role in real estate transactions. With it, you can secure a loan from a private mortgage lender (or sometimes a bank), to cover the cost of a property purchase. Learn more
Private mortgage lending is distinctly different from traditional banking. They’re more flexible and offer a variety of choices that can be tailored to an individual's unique financial landscape. Learn more.
Private mortgage lenders offer an excellent alternative for a specific group of borrowers. These alternative lenders provide a streamlined approval process faster than the more conventional options. Learn more
Private mortgage lenders use a variety of different factors to determine interest rates. For some, the higher the Loan to Value Ratio (LTV), the higher the fees. Learn more
Private lenders understand the struggles of a borrower during a job loss. So, with an empathetic approach, not only will they offer a new payment scheme, but might also present options for interest-only payments. Learn more
When you get a mortgage or loan from a private lender, it's a contract that lasts for a specific time. A traditional mortgage has a term that can last from one to five years or even longer. Most private lenders offer only one-year terms. Learn more
If you're looking to get a loan or mortgage, you have several different options to choose from that have different interest rates and other features. Learn more
It's important to keep in mind that buying your first home in Ontario isn't a small accomplishment. However, the financial site NerdWallet offers some positive news. Learn more
