Private Mortgage Broker in Mississauga, Ontario, Canada
Simplify your financial needs with Private Mortgage
Book Your Free Consultation Today!
Ready to take the next step? Get your appointment with us today and find the best mortgage deals for your needs!
Private Mortgage Broker in Mississauga, Ontario, Canada
Simplify your financial needs with Private Mortgage
Description
It is often seen that after being turned down for a mortgage or home refinancing by a regular bank or financial institution, borrowers tend to turn to private lenders for private mortgages as a backup source of funding. These are short-term, interest-only loans with typical terms ranging from six months to three years. The private lenders are aware that banks and other traditional financial lenders can often reject applicants who are more than capable of repaying their mortgages due to their excessively strict lending criteria. This is why, the private lenders, unlike that of the banks, give more weight to the overall condition and worth of the property than to the income and credit history of the borrower. This is one of the biggest benefits of private mortgages that in comparison to regular banks, private lenders also do not require as much documents.
Private mortgage lenders offer loans to those who would not qualify for conventional bank financing. Typically, these lenders have higher borrowing rates and sometimes even come up with tougher terms in comparison to traditional lenders. The most common examples of the private lenders include a number of private trust firms and credit unions.
For someone who almost satisfies the requirements of an A lender but may need some time to either raise their income and net worth, improve their credit, or acquire a larger down payment, a private mortgage is the best short-term option.
Advantages:
4 reasons why you might prefer Private Mortgage
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Fast Approval compared to traditional lenders -
Flexible Repayment terms and conditions -
Can be for both purchases and refinance -
Best for short term financing needs
Overview :
This is one of the most trusted ways to get quick funding for real estate investors or individuals. Private mortgages are a preferred alternative since they frequently have faster approval procedures and more accommodating terms. The repayment terms, however, are often longer and come with higher interest rates. Get in touch with us to learn more about the procedure and to discover what type of tailored private mortgage solution you might want.
Other Services
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Mortgage Pre-approval
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First Time Home Buyer Mortgage
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Mortgage Refinance
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Mortgage Renewal
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Debt Consolidation
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Bad Credit or Low-Income Mortgage
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Self Employed Mortgage
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Why Choose Yesha
We are committed to make your future secured
We design mortgage plans that can accommodate your specific financial preferences and aspirations.
Fast Mortgage Approval
Swift and efficient processing to get you approved in no time.
Wide Range of Lenders
Access to 50+ lenders ensures you get the best possible rate.
Personalized Solutions
Custom mortgage plans designed to meet your unique needs.
How It Works
Let Us Help You Get Your Mortgage Approved
Step 1
Consultation
An initial chat to understand your financial goals and needs.
Step 2
Document Collection
Gathering the necessary financial documents to support your application.
Step 3
Application
Submitting your completed mortgage application to the lender.
Step 4
Approval
Getting your mortgage funded and closed.
Lender Partners :
F. A. Q’s
Frequently Asked Questions
Find answers to your frequently asked questions about residential mortgages in Canada.
This depends on various factors such as income, expenses, and credit score, based on which the eligibility is taken into account.
What is refinancing a mortgage?
Mortgage refinancing involves replacing your current home loan with a new one, typically to secure better terms such as a lower interest rate or shorter loan duration. It can also involve accessing the equity in your home for other financial needs.
What is a high-ratio mortgage?
A high-ratio mortgage is a type of mortgage where the down payment is less than 20% of the property’s purchase price. This type of mortgage typically requires mortgage default insurance to protect the lender in case of borrower default.
How to get pre-approved for a mortgage?
Getting pre-approved for a mortgage involves providing your financial details for assessment by lenders, who then determine the maximum mortgage you qualify for. This process streamlines your homebuying experience, giving you a clear understanding of your purchasing power and enhancing your credibility with sellers.
With a reverse mortgage, seniors can turn their home equity into cash and receive loan payments, which are typically returned when the person sells their house or passes away.
Appointment
Connect with Mortgage Specialist
Contact us today to schedule a consultation with Yesha and explore your mortgage options. We are committed to making your homeownership dreams a reality.
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Every Step Of The Way
Rest assured, we’re here to assist you through every stage of the mortgage application process.
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Fast Approval
We’re dedicated to providing you with fast, efficient, and transparent service, always prioritizing your needs.
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Low Rates
Get competitive rates when you reach us for your mortgage solutions.
Make an Appointment
Ready to take the next step? Get your appointment with us today and find the best mortgage deals for your needs!
Yesha Patel
Mortgage Agent Level 2
Affinity Mortgage Solutions LIC #13093
Independently Owned and operated.
Call Anytime
437-473-7943
Services
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Mortgage Pre-approval
-
First Time Home Buyer Mortgage
-
Mortgage Refinance
-
Mortgage Renewal
-
Debt Consolidation
-
Bad Credit or Low-Income Mortgage
-
Private Mortgage
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Self Employed Mortgage
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