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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
Recent statistics are pointing to the fact self-employment is bouncing back from pandemic level lows. Statistics Canada reports this segment of the workforce rose by 50,000 in August of 2023. That's the first big increase in the last nine months. Learn more
Inflation, the rate at which the general level of prices for goods and services rises, significantly impacts various sectors of the economy. One such sector profoundly influenced by inflation is the private mortgage lending market. Learn more
There's been an increase in private mortgages both across the country and at home here in Ontario. One of the big reasons is that Canadians are facing obstacles from traditional lending institutions. Learn more
Investing in real estate can be a lucrative venture, but it often requires a substantial infusion of capital to seize the best opportunities. Learn more
Currently in Ontario, the private lending industry stands poised for a transformation. As borrowers seek alternative financing avenues, private lending emerges as a solution, with fewer regulations and rules compared to traditional lenders. Learn more
Securing a private loan can be a prime solution for those unable to obtain traditional loans from banks or other financial institutions, and private loan lenders are capable of offering borrowers a wide range of options with a variety of flexible terms and repayment plans. Learn more
Private money lenders in Ontario are regulated under the Mortgage Brokerages, Lenders and Administrators Act (MBLAA) and its associated regulations. The aim of this act is to ensure that private lenders comply with consumer protection measures and disclosure requirements. Learn more
