Property Flip Financing in Canada | First & Second Mortgages | Private Lender Inc.
Property Flipping in Canada: How the Right Financing Can Turn Opportunity Into Profit There’s something exciting about walking through a home that everyone else overlooks and seeing what it could become. A fresh kitchen, modern flooring, updated bathrooms, a coat of paint, and suddenly that tired property becomes the one buyers are lining up to […]
Private Mortgages for House Flips | Private Lender Inc.
Flipping houses can be one of the most rewarding real estate investments—provided you have the right property, the right renovation plan, and the right financing. At Private Lender Inc., we specialize in helping property investors secure private first and second mortgages for house flips throughout Alberta, British Columbia, and Saskatchewan. Finance Your Next Property Flip […]
Housing Affordability in Canada: Can We Ever Break Through?
1. The Current State: A Struggle for Many Canadians Canada continues to grapple with a profound housing affordability crisis. As of 2022, 1.7 million households (11.1%) were considered in core housing need—primarily due to affordability, which accounted for 77% of these casesOECD. Meanwhile, the average home price in November 2024 reached C$696,166, a 6% increase […]
Understanding Bundle Mortgages: Pros, Cons, and How They Work with Private Lenders
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 Private Lender Inc. Bundle mortgages, also known as piggyback mortgages, combine a first and second mortgage on the same property, providing financing solutions for […]
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 […]
Mortgage lenders!
Credit Score No matter where you get a mortgage, you should aim for at least a 680 credit score for at least one borrower (or guarantor), especially if you put less than 20% down. A score of 680 is not necessary if you can make a 20% or larger down payment. To improve your credit […]
Alternative private mortgage financing!
Alternative private mortgage financing! When conventional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your credit score is damaged in some way and big institutions won’t lend you […]
Second mortgages to pay out bankruptcy or consumer proposal!
Fixing Your credit should be a priority! For some of us, pandemic related loss of income, or health matter was the tipping point to bankruptcy. While a bankruptcy or consumer proposal may have released you from some debt obligations, if that income is not readily replaced, or health has not yet improved, you find yourself […]
Advantages of refinancing your mortgage are plenty!
Should I Refinance My Mortgage? I think we can safely say that 2020 has been a strange year. A year of lockdowns due to a pandemic, financial support from the government, and the lowest interest rates in recent history. This has led to a rise in the number of homeowners who are considering refinancing their […]