Port Hope Private Lender Second Mortgage Broker

We can help you get a private loan or mortgage in Port Hope. Have been turned down for a second mortgage or loan by the  banks. Private mortgage lenders in Port Hope have different lending criteria from the banks. I will look at your total financial situation to fully assess if private mortgage financing fits your needs.

What is a Private Mortgage?

A private mortgage loan comes from a private mortgage lender who providing the money; it is also called a home equity loan or private second mortgage. Most private mortgage lenders in Port Hope tend to only lend in small geographic areas. Some private mortgage loans can start from as little as $20,000.00, the term of the mortgage is usually 1 year but could be longer. The private mortgage company then goes through the same process a Canadian bank does and registers the loan against your property. This means that the decision to lend is based on the equity and value of the property being put up as collateral, and not based on the your credit. Most private mortgage lender in Port Hope have a maximum loan to value ratio (LTV) of 75%, in some cases the LTV can be as high as 90%.

Follow this link for the 2011 Port Hope census.

Private Mortgage Lender Port Hope Information

Port Hope
Ontario
(Town)
Ontario(Province)
Population and Dwelling CountsPort Hope, TownOntario
TotalTotal
Population in 200111,71811,410,046
Population in 199611,69810,753,573
1996 to 2001 population change (%)0.26.1
Total private dwellings4,6694,556,240
Population density per square kilometre901.412.6
Land area (square km)13.00907,655.59
Earnings in 2000Port Hope, TownOntario
TotalMaleFemaleTotalMaleFemale
All persons with earnings (counts)6,0953,1852,9056,319,5353,311,1053,008,425
Average earnings (all persons with earnings ($))31,36438,86823,14135,18542,71926,894
Worked full year, full time (counts)3,1751,8951,2803,527,0452,061,3551,465,690
Average earnings (worked full year, full time ($))42,39448,12333,92447,29953,93737,962
Income in 2000Port Hope, TownOntario
TotalTotal
Persons 15 years of age and over with income8,7008,598,560
Median total income of persons 15 years of age and over ($)23,05224,816
Composition of total income (100%)100.0100.0
Earnings – % of income74.278.7
Government transfers – % of income12.69.8
Other money – % of income13.211.5
Selected Household CharacteristicsPort Hope, TownOntario
TotalTotal
Total – All private households4,5404,219,410
Households containing a couple (married or common-law) with children1,4751,376,975
Households containing a couple (married or common-law) without children1,3101,179,330
One-person households1,190990,160
Other household types560672,950
Median household income, 2000 ($) – All households49,18653,626
Median household income, 2000 ($) – One-person households22,50025,253
Median household income, 2000 ($) – Two-or-more-persons households58,71064,201
Number of rented dwellings1,4201,346,990

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