Unlock Flexible Financing with a Private Mortgage in Canada
In Canada’s competitive real estate market, borrowers sometimes seek alternatives to traditional bank loans. A Private Mortgage Canada offers an attractive solution when conventional financing isn’t available or ideal. Whether you’re a property investor needing quick closing or a homeowner with unique circumstances, understanding how private mortgages work can open new doors. What Is a Private Mortgage in Canada? A Private Mortgage Canada is a loan secured by real estate, extended by non-bank lenders—often individuals, mortgage investment groups, or private firms. Unlike chartered banks and credit unions, private lenders set their own criteria, focusing primarily on the value of the property rather than strictly on credit scores or income. Key Advantages of a Private Mortgage Canada 1. Speed and Flexibility Private Lenders can close deals in as little as 7–10 days, compared to weeks or months with traditional lenders. This agility is ideal...