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Brokers do several things when it comes to private lending. Private lenders facilitating these alternative loans have a different, simple approval process that can overlook income, employment, and credit problems that can keep you from a more traditional loan. Learn more
This article will discuss loan renewals and loan refinancing, aiming to distinguish the two and provide a good understanding of their differences and which might be better for your current situation as a borrower. Learn more
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
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
