Impact of Economic Changes on Private Lending
Private loans depend on various factors, including the economy. Economic fluctuations have a significant effect on the private lending sector in Ontario. 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
Understanding the distinction between getting pre-approved for a mortgage and pre-qualifying for one is essential. Learn more
Loan renewal in Ontario can be complicated. But despite this, it’s very important to get a good understanding of how to maintain financial health and ensure legal compliance. Learn more
The government's efforts to further cool down an overheated housing market and make homes more affordable are poised to take a dent out of house flippers' profits. 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
Technology is the big loan renewal trend driving how loans are managed, approved and processed in 2024. Learn more
Borrowers with an existing mortgage term ending need to look at a loan renewal. Traditional lenders in Canada need to provide a renewal statement 21 days before the term ends. It's suggested that property and homeowners should start the process 120 days in advance. Learn more
The journey towards securing a mortgage, particularly when grappling with the nuances of bad credit, can often seem like a difficult challenge. There are many options, each tailored to distinct financial backgrounds and credit histories, for borrowers. Learn more
Look at the specifics of your loan, like the interest rate, the remaining time left, and how much your monthly payments are; then ask yourself, “Do these terms align with my current finances?” You need to see if they fit well and are within your budget or if you need to address anything. 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.