Private Mortgage Scarborough
A private mortgage is offered by lenders who are an individual or company. Due to new stringent lending regulations, this form of lending is becoming more popular. Private mortgages are used as short-term solutions.Here are some situations where a private mortgage may have value:
- Borrowers with poor or no credit and unable to qualify through the traditional mortgage process
- Self-employed borrowers
- Emergency funding
- Investment purposes
If you’re looking for a private mortgage in Scarborough or in the Greater Toronto Area get in contact with us, today.