Private Mortgage

Private Lender Associations Beginning to Form

Ontario’s private lenders association began to take shape recently and without saying it out loud, it is about time. Private lenders, not to be confused with B lenders, are exactly that, they lend private individuals money. Whether it is in the form of a Mortgage investment Company (MIC) or whether they are a syndicated lender […]

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Closing Costs — Are You Prepared for them?

Closing costs are one of the things that most first time buyers are unaware of; they are the costs of purchasing that come from the lawyers and the government when you purchase a home. The government in many but not all locations has something called land transfer taxes. The tax is applied to the purchase

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Obtaining Private Commercial Mortgages from Private Lenders

A lot of times mortgage brokers and associates have a tendency to ignore the small commercial client. The guy who, like ourselves, is entrepreneurial and looking to increase his business. He may not have a lot of experience on what it takes to finance his new business or shop and his bank won’t be much

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All You Need to Know About Private Mortgages

Most borrowers think of private mortgages as a last-resort option if they can’t secure financing anywhere else. But private mortgages are gaining traction as a financing option due to the new mortgage rules set by the federal government and the continued caution being exercised by CMHC and the big banks. Taking Advantage of CMHC rules

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Why Private Mortgage is an ideal Finance Option For You

Most borrowers – real estate investors included – think of private mortgages as a last-resort option if they can’t secure financing anywhere else. But private mortgages are gaining traction as a financing option due to the new mortgage rules set by the federal government and the continued post-crisis caution being exercised by institutional lenders. The

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