Get the best mortgage!
Latest Blog Posts
- New BC Budget highlights and how it affects you and real estate
- Happy New Year! Thank you for choosing us as your Mortgage Broker!
- Just because it is Friday!
- Major Breaking News! Down payment increasing from 5% to 10%
- Interview with Ryan Smith from the Canadian Mortgage Professional Magazine - Q & A - A good time for alternative lending
- What should seniors expect from the new Liberal government?
- Canadian Mortgage Professional 30 second video
- Canadian Mortgage Professionals Canada
- What is on Your Bucket List? Join us at our booth and presentation at the 55+ Lifestyle Show Oct 20 at the Olympic Village in Vancouver!
- Are we living beyond our means?
What is Private Mortgage Lending?
Private Mortgage Lending or Financing is basically a mortgage contract in which the lender is not a bank or lending institution but rather the lender could be a friend, family member or an individual investor or group of investors willing to lend you the funds you need. Private mortgages are done all throughout BC and Yukon.
Banks as you might know have strict guidelines in regards to how they lend their money. They have a set of criteria and rules that they basically have to follow. Unfortunately for many people these rules or qualifications are hard to meet and as such they get turned down by their bank for the financing they need. This is where Private Mortgage Lending comes into play. We can work with you to get you setup with the lending and funding you need.
I take a more personal approach into getting to know your exact needs and looking past some of the set formulas used to detemine your ability to pay back your funding, in other words we look at your unique situation, even if you're looking for apartments in DC.
Why Would I need Private Mortgage Lending?
As a Mortgage Broker our focus is to get you the Mortgage Lending you need and get that done quickly with as little headaches and hassles possible. Some typical situations that Private Mortgage Lending is used for include:
Restructuring of Financing
Unique Properties (Hotels, Shopping Malls etc.)
Stopping a Power of Sale
And much, much more!
Call us today 1 877 638-3688 for any questions you may have about private lending.
ZANDERS & Associates Mortgage Brokers Inc.