{"id":161,"date":"2017-12-05T10:27:49","date_gmt":"2017-12-05T10:27:49","guid":{"rendered":"https:\/\/therathi.com\/myprivatelender\/?page_id=161"},"modified":"2023-01-11T10:30:52","modified_gmt":"2023-01-11T10:30:52","slug":"mortgage-brokers","status":"publish","type":"page","link":"https:\/\/myprivatelender.com\/mortgage-brokers\/","title":{"rendered":"BROKERS"},"content":{"rendered":"<div id=\"cs-content\" class=\"cs-content\">[cs_element_section _id=&#8221;1&#8243;][cs_element_row _id=&#8221;2&#8243;][cs_element_column _id=&#8221;3&#8243;]<h1  class=\"h-custom-headline man aligncol h5\" ><span>BROKERS<\/span><\/h1><hr  class=\"x-gap\" style=\"margin: 20px 0 0 0;\"><div  class=\"x-text aligncol\"    ><p>We work with brokers to close deals across Canada. Our goal is to continuously expand your business.<\/p>\n<\/div><h2  class=\"h-custom-headline man aligncol h5\" ><span>WHO WE HELP<\/span><\/h2><hr  class=\"x-gap\" style=\"margin: 20px 0 0 0;\"><div  class=\"x-text aligncol\"    ><p>Private Lender Inc. is broker focused. We help both Mortgage Brokers and Real Estate Brokers close more deals. Our focus is equity, rather than income or credit. As a direct lender, we are in total control of our funds and all underwriting is done in-house. Additionally, we have exclusive access to hundreds of individual private investors seeking opportunities. We can assist these private investors and brokers through our mortgage brokerage, MortgagePro Ltd. Either we can help you or we cannot, and we will let you know quickly.<\/p>\n<ul>\n<li>Self employed<\/li>\n<li>Investors<\/li>\n<li>Good credit, bad credit, and no credit<\/li>\n<li>No income<\/li>\n<li>Bankruptcy, consumer proposal, and orderly payment of debt<\/li>\n<li>Collections and judgments<\/li>\n<li>Writs, caveats, and liens<\/li>\n<li>Mortgage arrears<\/li>\n<li>Tax arrears<\/li>\n<li>Short term needs<\/li>\n<\/ul>\n<p><strong>Broker fees are protected on the Letter of Intent and Mortgage Disclosure. We treat you like one of our team. All fees are paid out at closing.<\/strong><\/p>\n<\/div><h2  class=\"h-custom-headline man aligncol h5\" ><span>PRIVATE MORTGAGES AND EQUITY LOANS<\/span><\/h2><hr  class=\"x-gap\" style=\"margin: 20px 0 0 0;\"><div  class=\"x-text\"  style=\"display:none;\"   ><div class=\"rss-box\" style=\"font-size: 15px;\">\n<ul class=\"guideline\">\n<li><span class=\"lft\">Location:<\/span> <span class=\"rght\">Urban centers or close to them, acreages<\/span><\/li>\n<li><span class=\"lft\">Type:<\/span> <span class=\"rght\">Residential, Commercial<\/span><\/li>\n<li><span class=\"lft\">Position:<\/span> <span class=\"rght\">First, second mortgages<\/span><\/li>\n<li><span class=\"lft\">LTV:<\/span> <span class=\"rght\">65% on first, 85% on second mortgages <\/span><\/li>\n<li><span class=\"lft\">Rates:<\/span> <span class=\"rght\">10% and up<\/span><\/li>\n<li><span class=\"lft\">Fees:<\/span> <span class=\"rght\">Lending Fee: from 5%<\/span><\/li>\n<li><span class=\"lft\">Credit:<\/span> <span class=\"rght\">No Beacon score requirement or minimum<\/span><\/li>\n<li><span class=\"lft\">Broker:<\/span> <span class=\"rght gr-color\">You keep 100% of the broker fees<\/span><\/li>\n<li><span class=\"lft\">Renewal:<\/span> <span class=\"rght\">with a minimum 5% fee ( NSF= fee increases)<\/span><\/li>\n<li><span class=\"lft gr-color\">No TDS<\/span> <span class=\"rght\"> interest only one year term<\/span><\/li>\n<li><span class=\"lft gr-color\">No GDS<\/span> <span class=\"rght\"> open with 3 months interest penalty, or as agreed<\/span><\/li>\n<li class=\"gr-color\">Commercial file broker fees by mutual Agreement! A non-refundable application fee due on contact.<\/li>\n<\/ul>\n<\/div>\n<\/div><div  class=\"x-text\"    ><p>Private Lender Inc. provides direct loans secured to residential, commercial, and rural real estate across Canada.<\/p>\n<p>Visit our <a href=\"https:\/\/myprivatelender.com\/loan-products\/\">Loan Products<\/a> page to learn more about what we have to offer.<\/p>\n<p>View our <a href=\"https:\/\/myprivatelender.com\/lending-guidelines\/\">Guidelines<\/a> and <a href=\"https:\/\/myprivatelender.com\/lending-areas\/\">Lending Areas<\/a> to get started.<\/p>\n<p>Find out <a href=\"https:\/\/myprivatelender.com\/how-to-submit-a-deal-to-a-private-lender\/\">How to Submit A Deal To A Private Lender<\/a> and close more deals.<\/p>\n<\/div><h2  class=\"h-custom-headline man aligncol h5\" ><span>WHY WORK WITH US<\/span><\/h2><hr  class=\"x-gap\" style=\"margin: 20px 0 0 0;\"><div  class=\"x-text aligncol\"    ><ul>\n<li><strong>Easy \u2013<\/strong> Our Lending Guidelines are flexible, our underwriting is based on common-sense, and we are easy to work with.<\/li>\n<li><strong>Fast \u2013<\/strong> We can often have you approved in 24 hours and closing within days.<\/li>\n<li><strong>Minimal Paperwork \u2013<\/strong> We require less than the financial institutions and our paperwork is written in plain language.<\/li>\n<li><strong>No Hidden Fees \u2013<\/strong> All fees are straightforward and disclosed. No last minute surprises.<\/li>\n<li><strong>Competitive Rates \u2013<\/strong> We understand the market and ensure our rates are as low as possible.<\/li>\n<li><strong>Creative Solutions \u2013<\/strong> We review every application on a case-by-case basis and can provide creative solutions for all financial needs.<\/li>\n<\/ul>\n<\/div><h2  class=\"h-custom-headline man aligncol h5\" ><span>HOW IT WORKS<\/span><\/h2><hr  class=\"x-gap\" style=\"margin: 20px 0 0 0;\"><hr  class=\"x-gap\" style=\"margin: 20px 0 0 0;\"><div  class=\"x-text aligncol\"    ><ul>\n<li><strong>Submit Online \u2013<\/strong> Submit your application package through email or call us to get started. There is no cost nor obligation and the application is enough to get a Letter of Intent.<\/li>\n<li><strong>Get Approved \u2013<\/strong> We can often have you approved in 24 hours once we have the application and any other applicable information.<\/li>\n<li><strong>Receive Your Commission \u2013<\/strong> Closing only takes a few days, not weeks like most lenders. Funds can be direct deposited to your brokerage.<\/li>\n<\/ul>\n<\/div><div  class=\"x-text aligncol\"    ><p><strong>Read to get started and have a specific client in mind who could use our services? <a href=\"https:\/\/myprivatelender.com\/contact\/\">Contact us<\/a>, we look forward to working with you!<\/strong><\/p>\n<\/div>[\/cs_element_column][\/cs_element_row][\/cs_element_section]<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-blank-4.php","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Guidelines for Private Mortgage Brokers<\/title>\n<meta name=\"description\" content=\"Private Lender is a private equity based mortgage loan lender. We lend out of our loan capital and have over a hundred private investors lending with us!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myprivatelender.com\/mortgage-brokers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guidelines for Private Mortgage Brokers\" \/>\n<meta property=\"og:description\" content=\"Private Lender is a private equity based mortgage loan lender. 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