Struggling to get a mortgage? No more!
In mortgage, private mortgages by Zoltan PadarApril 24, 2024 MIP Mortgage and Investment Professionals Inc. Are you in the market for a mortgage but finding it difficult to qualify with conventional lenders? If so, you might want to consider a bundle mortgage, particularly one offered by MIP Bundle mortgages, also known as piggyback mortgages, combine a first and second […]
Bank Of Canada and Your Mortgage.
Is your best bet Variable Mortgage? Why? Ask the Pros! We wanted to update you on what this means for your mortgage. BOC was busy to lower rates, but where is the bottom? If you have an adjustable-rate mortgage, you’ll see a slight decrease in your monthly payments, giving you a bit more cash flow […]
Assessing the Worst Fallouts of a Foreclosure and How Our Plan Can Help
Facing foreclosure can be one of the most daunting experiences a homeowner can endure. The repercussions are far-reaching, impacting not just your immediate living situation but your financial future as well. Let’s take a closer look at some of the worst fallouts of a foreclosure and how our plan can help mitigate these issues, offering […]
Best foreclosure rescue solution for all!
We understand that facing the final stages of foreclosure can be incredibly stressful, and we’re here to offer a solution that may alleviate some of that burden. We recognize the value of your home, and while we may not be able to salvage everything, we’re committed to helping you preserve a piece of your financial […]
Private Mortgage Lenders in Canada Part 1
Mortgage knowledge is priceless! Are you looking for a mortgage but have issues qualifying with a traditional lender? Are you just looking for an alternative lender to the banks? That is what private mortgage lenders, also known as non-bank lenders, are for. They provide an alternative to the banks to help you get into a […]
Business loans for home owners!
Even though many small businesses in Canada are still struggling after surviving the COVID-19 pandemic and facing rising inflation and the looming possibility of a global recession, many small businesses in Canada continue to carry on. Even in unstable economic conditions for small and mid-sized businesses in Canada, most small and medium-sized companies still believe […]
About private mortgages, lenders.
Thinks to know first! There are a few things that you need to know before you start looking for a private lender to get a second mortgage from. The first is that your credit score and income are going to be two of the biggest factors that lenders look at when deciding whether or not […]
Mortgage lenders for people with bad credit!
If you have bad credit, that might stand in the way of you getting approved with a conventional lender in Canada. That said, there are other options available for bad credit consumers. Get a cosigner. If you can find someone with a good credit score who is willing to sign on as a cosigner on your […]
Private lender to the rescue!
An individual or a little business that funds private mortgages is mentioned to as a private mortgage lender. A private lender generally works with borrowers who have problems getting mortgage borrowings through conventional channels. Interest Rates for Private Mortgages: Private mortgage borrowings are suggested at higher interest rates as contrasted to banks, because of the added risk engaged with […]
About private lenders
Private lending is becoming increasingly popular among Canadians looking to secure loans to buy, renovate, or refinance a home, take equity out. Canada’s current mortgage rules, including the stress test, have made it more difficult for some people to get mortgages from traditional lenders, particularly for those who are self-employed, first-time home buyers, new to […]