{"id":1650,"date":"2022-09-08T18:39:17","date_gmt":"2022-09-08T18:39:17","guid":{"rendered":"https:\/\/myprivatelender.com\/?p=1650"},"modified":"2023-07-06T05:33:12","modified_gmt":"2023-07-06T05:33:12","slug":"private-lending-in-style","status":"publish","type":"post","link":"https:\/\/myprivatelender.com\/2022\/09\/08\/private-lending-in-style\/","title":{"rendered":"Private Lending in style"},"content":{"rendered":"<p><strong><span data-preserver-spaces=\"true\">Is simply finding a private lending solution the answer?<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">More and more Canadians have sought mortgages from alternative lenders for various reasons.\u00a0<\/span><span data-preserver-spaces=\"true\">According to Statistics Canada, the value of non-bank mortgages increased more than 10 fold between 2007 and 2018 \u2014 growing to $86.7 billion in 2018 from $8.5 billion in 2007.<br \/>\n<\/span><span data-preserver-spaces=\"true\">Private lenders, including mortgage investment corporations <strong>(MICs)<\/strong> and other private lenders, <a href=\"https:\/\/myprivatelender.com\/\"><strong>are not subject to the same rules as financial institutions<\/strong><\/a> or mortgage finance corporations.<br \/>\n<\/span><span data-preserver-spaces=\"true\">And as a result, MICs have also seen double-digit growth annually on average for the past 10 years. Statistics Canada says the total financial assets of MICs reached $32.3 billion in 2020, up from $11.4 billion in 2008.<\/span><\/p>\n<h4>Reasons to use Private Lenders are many.<\/h4>\n<p><span data-preserver-spaces=\"true\">When a borrower needed money desperately, his circumstances were typical for needing a private lending solution (low income, low credit score, bills to pay, and a collections agency after him). The borrower seems to have relied heavily upon the lender to treat him fairly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Private Lenders funding your mortgage have a lending fee, legal fees, interest rates, and sometimes even application fees. Some lenders want to get the most out of their investment, just like everybody would do investing in high-risk ventures.\u00a0<\/span><\/p>\n<p>However, we at <a href=\"https:\/\/mymortgagepros.com\/\"><strong>MortgagePRO Ltd.<\/strong><\/a> powered by <a href=\"https:\/\/myprivatelender.com\/\"><strong>Private Lender Inc.<\/strong><\/a> strongly believe in helping our clients, help our investors, and lenders in a mutually beneficial way.<\/p>\n<h4>Reasons you should borrow from Private.<\/h4>\n<ul>\n<li>when banks are no option, due to credit<\/li>\n<li>pay off bad debt and become &#8220;bankable&#8221; once again<img decoding=\"async\" loading=\"lazy\" class=\"alignright  wp-image-1569\" src=\"https:\/\/myprivatelender.com\/wp-content\/uploads\/2022\/01\/we-listen-with-interest-email-300x161.jpg\" alt=\"\" width=\"436\" height=\"234\" \/><\/li>\n<li>borrow to invest, when benefit outrun cost<\/li>\n<li>fix credit and borrow cheap in the future<\/li>\n<li>renovate your home before sell, nice homes bring more bucks<\/li>\n<li>invest into stock market<\/li>\n<li>turn 29% credit card debt into 4% mortgage debt<\/li>\n<li>many other reasons to finance, refinance or access your home equity, <a href=\"https:\/\/myprivatelender.com\/free-consultation\/\"><strong>get hold of us for guidance, help and request<\/strong><\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/myprivatelender.com\/borrowers\/\"><strong>Let us to analyze your situation<\/strong><\/a> and provide you valuable advice, no matter what your mortgage borrowing needs are. However, we urge you to consider private mortgages as a short term solution and not a permanent one. High interest rate mortgages usually interest only mortgages, your principal stays the original amount you borrowed forever. Call us today 403-253-2022 and save a lot of disappointment.<\/p>\n<p><a href=\"https:\/\/myprivatelender.com\/apply-online\/\"><strong>Apply Online here!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is simply finding a private &#8230;<\/p>\n","protected":false},"author":2,"featured_media":1652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[32,42,49,48,46],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Private Lending in style - Private Lender Inc.<\/title>\n<meta name=\"description\" content=\"Mortgages from alternative lending sources, like Private Lenders are great solutions if you know what you are doing. 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