Take Control of Your Finances with Private Lender Inc.
With historically low interest rates set by the Bank of Canada and a strong housing market nationwide, now is the perfect time to consolidate your high-interest debt into one manageable monthly payment. Why let high-interest rates eat away at your hard-earned money? At Private Lender Inc., we can help you become debt-free and keep more […]
Bank said no, Go Private!
Private lenders are individuals or non-institutional groups that offer loans or financial assistance to individuals, businesses, or organizations. They operate outside the traditional banking system, providing an alternative to borrowing from banks or credit unions. Here are some key aspects about private lenders: When considering borrowing from private lenders, it’s essential to thoroughly understand the […]
Private Mortgage Lenders in Canada Part 3
First Time Buyers and Private Lenders Most private lenders will lend to first-time home buyers as well. That being said, though, you may still not be able to get a mortgage with a private lender if you have bad credit. There is a reason for this. As a first-time home buyer, you are allowed to […]
Worry free Private Mortgages!
Anyone who has ever tried to get a mortgage knows that good credit is essential. Lenders use credit scores to determine whether or not a borrower is likely to repay their loan, and those with lower scores are often seen as higher risk. As a result, they may be offered higher interest rates or may […]
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 4
A private lender can lend you money. How do you get it? If you meet the qualification requirements, you will need to submit an application to the private lender that suits your needs. Following the disbursement of your loan, you will need to pay monthly installments with interest. As a result, borrowing money from a […]