The operation of private mortgage financing resembles traditional bank loans, but is distinguished by much less stringent eligibility criteria. Considering that the lender takes more risk in granting you a loan, interest rates are often higher than in banks.
The value of the loan depends on the value of your property, which is also used as collateral for the lender. The payment terms, although more flexible than that of banks, carry the same obligations.
To help you better understand the simplicity of the process to obtain private mortgage financing, we have outlined the 6 important steps for you:
The first step is to apply for a loan by filling out our online form. Please be assured that this request does not appear in your credit report.
We offer terms from 3 months, at competitive interest rates, from 9% to 12% for the 1st rank and from 13% to 15% for the 2nd rank. Our alternative financing solutions are adapted to your different needs. Whether it is to consolidate your debts, make renovations or even because you have lost your job, you are eligible for private mortgage financing.
Contact us now for more information on our mortgage financing solutions. We will respond to your request as soon as possible.