Private Lending in style
Is simply finding a private lending solution the answer? More and more Canadians have sought mortgages from alternative lenders for various reasons. According to Statistics Canada, the value of non-bank mortgages increased more than 10 fold between 2007 and 2018 — growing to $86.7 billion in 2018 from $8.5 billion in 2007. Private lenders, including mortgage […]
About Private Lenders Part 2
Private Lenders vs. Banks! What’s The Difference? Private lenders are more flexible than banks, but they are more expensive. Individuals with poor credit scores can therefore get loans from a private lender, but their interest rates and fees will be higher. Despite this, banks have strict approval procedures and take longer to approve loans. Due […]