Becoming a private mortgage lender through a structured company like Private Lender Inc. and platforms such as MyRRSP.com usually means you can invest your own money (personal funds, corporate funds, or registered funds like RRSPs, TFSAs, LIRAs, RESPs, RRIFs, etc.) into mortgages secured by real estate. Here’s a clear breakdown of how it typically works:
1. Understand What Private Mortgage Lending Is
- You are essentially acting as the “bank,” lending money to borrowers (usually homeowners or investors) who can’t qualify at traditional banks.
- Your loan is secured against real estate through a registered mortgage (first, second, or sometimes third position).
- You earn interest income (often higher than traditional investments, in the 8–15% range depending on risk).
2. Work with Private Lender Inc.
Private Lender Inc. acts as a direct lender and licensed broker/administrator, handling:
- Borrower screening (credit, property value, equity, exit strategy).
- Legal setup (mortgage documents, registration, lawyer trust accounts).
- Payment collection and administration (so you don’t chase borrowers).
- Risk management and transparency.
This makes you a hands-off lender—you supply the funds, and the company manages the details.
3. Use Registered Funds via MyRRSP.com
- MyRRSP.com is a website created just for You, that allows you to direct your registered investments (RRSP, TFSA, RRIF, etc.) into private mortgages instead of mutual funds, GICs, or stocks.
- This means your registered funds can earn steady mortgage interest income, tax-deferred (RRSP/RRIF) or tax-free (TFSA).
- Process:
- Open a self-directed account with Olympia Trust
- Transfer funds from your bank, existing RRSP, or TFSA.
- Instruct them to invest in mortgages arranged by Private Lender Inc.
- Interest payments flow back into your registered account. All earned is TAX FREE!
4. Steps to Become a Lender
- Contact Private Lender Inc. – Get set up as a lender on their platform.
- Decide on funds – Choose whether to use cash, corporation funds, or registered funds (via MyRRSP.com).
- Set investment criteria – Risk tolerance, property type, province (Private Lender Inc. works in AB and BC and Sk.), loan-to-value (LTV), interest rates.
- Review opportunities – Private Lender Inc. presents vetted mortgage deals that match your profile.
- Fund through lawyers – You deposit funds into a lawyer’s trust account for closing.
- Earn interest – Payments are collected and distributed monthly, quarterly, or annually depending on the deal. We will set all up.
5. Benefits
- Secured by real estate.
- Higher returns than GICs or bonds.
- Predictable, fixed-income style payments.
- Diversification beyond stock market volatility.
- Ability to use registered accounts for tax-efficient growth.
Hi yield, secured investments are every investors deams. Added potential tax free status makes it even more desirable. We encourage you, if interested please visit us and start with showing you are ready to talk about options!
Also You can call us at 403-253-2022