Private Mortgage Lender in Etobicoke
A private lender in Etobicoke can help you get a home equity loan or second mortgage. Most private lenders tend to only lend in small geographic areas such as Etobicoke. Some private mortgages can start from as little as $20,000.00. The term of the mortgage is usually 1 year but could be longer. The private lender then registers the loan against your property. This means that the decision to lend is based on the equity of the property. The decision is not based on the your credit score. Most private mortgage lenders in Etobicoke have a maximum loan to value ratio (LTV) of 75%. We can provide a free consultation and approve your loans within minutes.
Fast Service
We can provide a free consultation and approve your loans within minutes. Many of you have already spent hours and hours traveling to the banks and on phone conversations. You have filled out numerous forms. You have provided everything the banks asked for and you still do not have the loan. This process could take months. Our private mortgage agreement form makes our company one of the fastest lenders in Ontario. Compared to the banks this is easy mortgage to acquire.
We are based in Ontario and a have a tremendous amount of knowledge on the Etobicoke real estate market. We have already arranged private second mortgage in your local area.
More Money
You may be able to borrow more money with a private investor mortgage than you think. A private mortgage holder may be willing to lend you up to 90% of your home value. In contrast a bank in Ontario may only be willing to give you up to 75% your home value. You can now use more of your home equity to manage some immediate bills or consolidate your debt payments. This can result in lower interest payments to you.
Follow this link for the Etobicoke 2011 census.
Private Mortgage Lender Etobicoke Information
| Etobicoke Ontario (City) |
Ontario(Province) | ||||||
| Population and Dwelling Counts | Etobicoke, City | Ontario | |||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Population in 2001 | 338,117 | 11,410,046 | |||||
| Population in 1996 | 328,718 | 10,753,573 | |||||
| 1996 to 2001 population change (%) | 2.9 | 6.1 | |||||
| Total private dwellings | 125,541 | 4,556,240 | |||||
| Population density per square kilometre | 2,728.3 | 12.6 | |||||
| Land area (square km) | 123.93 | 907,655.59 | |||||
| Earnings in 2000 | Etobicoke, City | Ontario | |||||
| Total | Male | Female | Total | Male | Female | ||
| All persons with earnings (counts) | 180,570 | 93,610 | 86,960 | 6,319,535 | 3,311,105 | 3,008,425 | |
| Average earnings (all persons with earnings ($)) | 37,420 | 44,263 | 30,054 | 35,185 | 42,719 | 26,894 | |
| Worked full year, full time (counts) | 101,975 | 57,080 | 44,890 | 3,527,045 | 2,061,355 | 1,465,690 | |
| Average earnings (worked full year, full time ($)) | 49,632 | 56,477 | 40,928 | 47,299 | 53,937 | 37,962 | |
| Income in 2000 | Etobicoke, City | Ontario | |||||
| Total | Total | ||||||
| Persons 15 years of age and over with income | 257,110 | 8,598,560 | |||||
| Median total income of persons 15 years of age and over ($) | 25,061 | 24,816 | |||||
| Composition of total income (100%) | 100.0 | 100.0 | |||||
| Earnings – % of income | 76.4 | 78.7 | |||||
| Government transfers – % of income | 10.5 | 9.8 | |||||
| Other money – % of income | 13.1 | 11.5 | |||||
| Selected Household Characteristics | Etobicoke, City | Ontario | |||||
| Total | Total | ||||||
| Total – All private households | 123,975 | 4,219,410 | |||||
| Households containing a couple (married or common-law) with children | 35,795 | 1,376,975 | |||||
| Households containing a couple (married or common-law) without children | 33,250 | 1,179,330 | |||||
| One-person households | 30,070 | 990,160 | |||||
| Other household types | 24,855 | 672,950 | |||||
| Median household income, 2000 ($) – All households | 53,967 | 53,626 | |||||
| Median household income, 2000 ($) – One-person households | 29,337 | 25,253 | |||||
| Median household income, 2000 ($) – Two-or-more-persons households | 64,466 | 64,201 | |||||
| Number of rented dwellings | 50,395 | 1,346,990 | |||||
| Average gross monthly payments for rented dwellings ($) | 858 | 753 | |||||
| Number of owner-occupied dwellings | 73,570 | 2,816,220 | |||||
| Average monthly payments for owner-occupied dwellings ($) | 1,031 | 964 | |||||
| Selected Occupied Private Dwelling Characteristics | Etobicoke, City | Ontario | |||||
| Total | Total | ||||||
| Total number of dwellings | 123,970 | 4,219,415 | |||||
| Number of owned dwellings | 73,575 | 2,862,300 | |||||
| Number of rented dwellings | 50,400 | 1,351,365 | |||||
| Number of dwellings constructed before 1991 | 116,725 | 3,615,880 | |||||
| Number of dwellings constructed between 1991 and 2001 | 7,245 | 603,530 | |||||
| Average value of dwelling ($) | 280,270 | 199,884 | |||||