Mitigating Default Risk in Private Lending
Like their traditional counterparts, private lenders are seeking to mitigate the default risk associated with accepting borrowers. Learn more
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Private Lending for Renovation vs. New Construction
Private lending is available for renovation and new construction. However, there are some differences between the two. Learn more
Private Lending for Newcomers to Canada
Being unfamiliar with Canada's financial system and lacking a local credit history make it difficult for newcomers to Ontario to establish financial stability. Learn more
Private Lending Solutions for Retirees
In Ontario, a significant number of retirees seeking financial solutions are increasingly considering the avenue of private lending. This industry has gained notoriety for acknowledging and comprehending the particular financial situations that retirees frequently encounter, such as having a variety of income streams and sizable asset holdings. Learn more
Building Credit with Private Lending
When it comes to credit-building strategies, private lenders in Ontario occupy a distinctive role as they offer themselves as a possible remedy for people who want to establish or restore their credit. Learn more
The Role of Brokers in Private Lending
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
The Difference Between Loan Renewal and Loan Refinancing
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
Technological Advances in Private Lending
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
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
Mortgage Pre-Approval vs. Pre-Qualification: What’s the Difference?
Understanding the distinction between getting pre-approved for a mortgage and pre-qualifying for one is essential. Learn more