Private Lender Money in Milton

Securing Loans with Private Lenders

In Milton, Ontario, Canada as well as many other places, borrowers have found it difficult to secure loans with institutional money lenders such as banks. This is, more often than not, a result of the stringent requirements imposed by the lenders on borrowers. Such lenders often include banks and large financial institutions, and they tend want to thoroughly evaluate a borrower’s credit history, their debt status and their current financial status before approving a loan. It, therefore, does not come as a surprise that a lot of people fail to meet those high standards set by the lenders. As a result, this has given rise to private money lenders who make their own funds available to home owners to meet the needs of borrowers who don’t qualify for conventional loans. This has made private mortgages very popular.

Advantages of Using Private Lender Money in Milton

Applying for and obtaining a mortgage loan from a private money lender has several advantages. They are outlined below

  • Debt Consolidation  
  • First of all, you can consolidate debt with a mortgage from a private money lender. For instance, suppose you have several different loans and bills that you are servicing such as; student loans, mortgage loans and hospital bills, paying all these off one by one can be a very difficult task. With time, you may find that while one or two loan repayments are active or performing, one may be falling behind. Getting one loan to pay off all of these smaller loans can be a great idea.This is because now you – the borrower – will only have to deal with one monthly loan repayment.
  • Better Interest Rates 
  • In some cases, you may find that the interest rates for your other loans or debts such as a credit cards, unsecured loans and lines of credit may be high. To save yourself some money on interest, you could look into getting and negotiating a better interest rate with a private money lender. Once suitable terms have been set, you can pay off your home mortgage loan from a private money lender. All you will have to do is to pay back the new lender at the agreed upon rates .
  • Easy Access to Loans 
  • Unlike the conventional lenders such as banks and large financial institutions, private money lender often tends to focus less on your credit scores, history and ratings. This makes it easier for people with poor credit scores or past bankruptcy issues to access loans easily.
  • Faster Process of Closing
    Private loans can take anywhere from 7 to 10 days to close depending on the lender. Now, this is a much shorter period compared to obtaining loans from the conventional lenders that would take anywhere from 15 to 90 days. This is to be expected because as discussed earlier, the conventional mortgage lenders will want to thoroughly assess and examine your credit history as well as your financial status. Often the reason why these institutional lenders will not approve you is because of inadequate income or credit.

Call Expert Mortgage today to started on securing a loan with private lender money in Milton as soon as possible.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON