Category: Private Lending
Private and alternative mortgage lending for borrowers who don’t fit a traditional bank’s box.
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Private Mortgage Lenders in Canada: When Does It Make Sense?
Private lending means borrowing from an individual, a group of investors or a private mortgage company instead of a bank or credit union. It’s usually short-term and more expensive, and it’s usually used because a borrower doesn’t currently fit a…
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Private Mortgage Rates & Fees in Canada: What It Really Costs
Private mortgages are more expensive than bank financing. Rates are higher, there are usually upfront fees, and terms are short. That cost reflects the higher risk a private lender takes on, since they’re lending to borrowers or properties that banks…