WHAT IS A PRIVATE MORTGAGE?
Private Mortgages can be a residential, commercial, or construction mortgage. In some cases where credit, income, or the property do not fit well with conventional lenders, private lending can be a good option. Rates are higher than traditional lenders because the risk is higher to the lender. Ideally, private mortgage financing is a short-term solution until we can move the client back into a conventional lender.
We work with private lenders so that we can facilitate private mortgage borrowing for our clients that need it. Our private lenders or MIC’s invest in individual mortgages, with the lender’s interest in the property registered directly on title. Each private lender is sent property and client details and can make a decision on whether to invest on a file-by-file basis in keeping with each investor’s preferences.
A Private Mortgage can help with:
- Proof of Income
- High 1st Mortgage Payout Penalty
- Renovations
- Job Loss
- Bad Credit
- Foreclosure
- Bankruptcy
- Consumer Proposal
- Debt consolidation Mortgage
- Second Mortgage consolidates all debt and gives you payment relief.
- You have a unique property, raw land, second property, or a non-conforming first or second property
- Large development projects
- Customized financing
PRIVATE MORTGAGE – AN ALTERNATE LENDING SOLUTION
At times, institutionalized financing or public lending isn’t available. Numerous factors determine whether or not you would get a certain kind of loan for a particular purpose. You may be turned down by conventional mortgage providers or banks. You may not get approved for a particular type of construction project and you might not be willing to change your plan. You may face hurdles in getting farm land financing. Small to medium business owners often don’t have the requisites that traditional lenders like banks and financial institutions ask for. In such scenarios, private financing or private mortgage lenders becomes the only available choice in Surrey, or anywhere in the Lower Mainland, BC.
We at, Lakhvinder Gill – Mortgage Consultant have been into private mortgage lending in Surrey, and throughout Lower Mainland, BC for a long time; long enough to know that there are many people and businesses that don’t get approved by banks and financial institutions for various kinds of loans. There is a reason why unsecured lending and private financing in Surrey BC has become so popular and commonplace these days.
Having us as your mortgage broker would not only help you to get private financing in Surrey, and Lower Mainland, BC but you would also be able to get the best among all available options. The problem with private mortgage lending is that most people or businesses don’t know where to look or who to talk to. Unless you know a large group of venture capitalists or investors who are already into private financing in Surrey, and Lower Mainland, BC chances are high that you would struggle to get the funds you need. Hence, you can imagine the significance of our mortgage agency when it comes to private financing in Surrey, and all over the Lower Mainland, BC.
We have a large network of private investors who regularly finance various types of projects. You may want to buy a farmland and want to develop it, you may wish to construct a restaurant or a place of business, you may wish to make a large purchase or you may simply need working capital to cover the operational costs of your company. From meeting certain expenditure to working on expansion of your business, we would help you to secure private financing for myriad needs.
We don’t just act as a bridge between two parties. We would actually help you right from the start. With our expertise you can come up with plans that private investors and financers would find viable. From preparing the paperwork so the facts can be properly presented to pitching your project, we help you in every step of the way to secure private financing in Surrey, and anywhere in the Lower Mainland, BC.
Why is a Private Mortgage in Surrey Beneficial?
Surrey is home to various booming business industries and expensive real estate. Getting the financing that you need may become a challenge. Whether it be:
- Debt consolidation
- Purchase Financing
- Refinancing
- Land financing
- Construction financing
- Second and third mortgages
- Commercial financing
Private mortgage lenders in Surrey BC can provide you with the financing you need. Private mortgages provide borrowers with flexible loan terms, easy-to-meet requirements, and custom mortgage solutions they need.
How is a Lakhvinder Gill – Mortgage Consultant Beneficial in Surrey
First Time Home Buyers Mortgage Surrey
Lakhvinder Gill is an ambitious mortgage broker in Surrey, dedicated to providing clients with the mortgage solutions they need. At Lakhvinder Gill – Mortgage Consultant, our borrowers are entitled to instant approvals in as little as 24 hours* and custom-tailored solutions to fulfil their needs. With experienced private mortgage lenders in Surrey BC, Lakhvinder Gill – Mortgage Consultant is prepared to finance even the most difficult deals.
