March 18, 2018

Benefits Of Being A Private Lender

What is a Private Lender?  Well, that is someone like you or I that invests our money into mortgages.  It could be a 1st mortgage or a 2nd mortgage but usually a 2nd mortgage. Typically a client would be referred to me because they require a mortgage for a debt consolidation, equity take out for renovations, purchase an investment property, pay Revenue Canada taxes or divorce. Here are some examples for obtaining a 2nd mortgage: The cost to break the 1st mortgage to refinance their property is cost prohibitive With the new lending guidelines implemented January 1, 2018, they cannot…

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