A private lender mortgage may be an option if you are finding it challenging to get a mortgage from a traditional lender such as a bank or credit union. It is important to know the various pros and cons associated with private mortgages.
People typically explore a private lender mortgage because they are finding challenges in obtaining financing from a traditional bank. The reasons for this can vary from client to client.
Some example reasons would be having bad credit or already having your debt servicing ratios above traditional lender guidelines due to owning multiple rental properties.
Learn more about my private mortgage services.