Why Use Private Mortgage Lending

Most Canadians are not familiar with the concept of private lending, however, there is nothing inherently complicated about private mortgages, just unfamiliar territories.

Traditional lenders are usually conservative by nature and therefore like to deal with transactions that meet their institutional requirements making it sometimes difficult for those individuals who do not fit into the typical mold.

The following are some examples of why someone may not qualify for a traditional mortgage:

  • Bridge financing
  • Judgments
  • Self-employed, non verifiable income
  • Identity fraud
  • Revenue Canada
  • Credit Issues
  • Construction Loan
  • Debt Consolidation
  • Bankruptcy
  • First, Second & Third Mortgages
  • Life Changing events
  • Illness, marriage, break ups
  • Job loss
  • Debt Service Ratios
  • New to Canada
  • Land Development
  • Bank Turndowns

At Alternative Mortgage Solutions we understand that bad things happen to good people and that is why we are not here to see “through people” but to “see people through”. If you are in need of a Private Mortgage, you have usually exhausted all other possibilities. Your bank may have turned you down and you may be running out of ALTERNATIVES. Private mortgages may only be a short term solution, but if it fills the gap and if done right, it could bring long term gains!

Other reasons to use private lending may be the need to re-establish your credit rating or maybe an entrepreneur has a dream for a new business, or maybe your situation simply does not fit the traditional mold. Whatever your financial situation and as unique as it may be, if you have equity in your property, a private mortgage could be the ALTERNATIVE you have been looking for. Private mortgage lending in New Brunswick.

Together we can make a difference!

Come in and have a discussion with us – our Team is here to help. If we don’t come up with a SOLUTION, the experience won’t cost you anything!

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Do you need a Home Equity Loan? Do you need to consolidate debts? Do you need extra money before the Holiday Season?
We may be able to help you, whether you have bad credit, no credit or self employed. Give us a call at 506-854-5626 and we will see what we can do for you, there is no cost to you for a consultation.
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