Not all mortgage brokers are the same, of course. You want to deal with one who is knowledgeable and that focuses primarily on private lending solutions and strategies. It is also important to remember that it’s one thing to get into a private loan and a whole other story to get out of the private loan and back to traditional lenders. You need to have a strategy that will work on your mortgage payments and your credit simultaneously so that you can exit at the end of your term and not get stuck paying high interest any longer than required!
Although there are associated fees with a mortgage broker when it comes to private lending, they are usually financed right into your mortgage and not paid upfront. And you only pay for results. If we are unable to get you the right mortgage, there is no fee. When it comes to something as important as registering a private loan on your home, it is better to pay a little more and have peace of mind, than to do business with the private lender directly, even if it is a little cheaper, and put your home at risk with restrictive terms or abusive clauses. Quality comes with a price, and there is no price for piece of mind.
To see how the private mortgage loan can help you, complete our online application and one of our specialists will be happy to contact you to schedule a call that meets your availability. Looking forward to helping you!