Apply For a Mortgage
Published: October 19th, 2011 • Last Updated: January 7th, 2021
Author: Ross Taylor on AskRoss.ca
Does Your Mortage Situation Seem Hopeless? It Might Not Be With A Private Mortgage
Today’s article was written by Steve Biderman – a specialist in ‘B’ lending and private mortgages with The Mortgage Masters.
As a ‘B’ specialist and private mortgage lender, I have noticed many in my area of business easily become disenchanted, almost disdainful of their clients; as if somehow the financial need of their audience is related to morality or trustworthiness.
My view is different. I understand that bad things may happen to good people. Sometimes life gets in the way of a good working plan.
If the bank doesn’t want to speak with you… if alternate lenders are not interested… if all seems hopeless but selling your home isn’t an option… a private mortgage may be your only hope… hence, “I lift my lamp beside the golden door!”
When the bank says no, and alternative lenders aren't interested, but selling your home isn't an option, a private mortgage may be your only hope. #PrivateMortgage Share on XFind a private lender that understands. Find a private lender that doesn’t judge. Find a private lender that is focused on getting you back to a ‘regular’ mortgage. Find a private lender who spends more time listening than talking.
A private mortgage loan does not have to be the last stop on the way to Palookaville! It can be the first stop on the way to a financial renaissance. Just make sure you are dealing with the right lender.
Most people know if they are being heard… or ignored. You’ll know too.
Related Articles
- What Does a Private Mortgage Cost?
- Private Mortgage FAQs For Canada: What Is a Private Mortgage and When Would You Need One?
- Alternative Mortgage Lenders Canada: Bad Credit, Private & Second Mortgages
- Private Second Mortgage Solved Big Problems
- Second Mortgage Can Fix Debt Problems
Ross Taylor
One of Toronto/GTA's Most Trusted and Knowledgable Mortgage Agents
Ross Taylor is recognized by his peers as one of Canada's pre-eminent difficult mortgage specialists. His ASKROSS blog and column in Canadian Mortgage Trends are focused on the intersection between mortgage financing and personal credit.
With unique dual certification as a licensed credit counselor and mortgage agent, Ross's insights are valued by mortgage professionals and homebuyers alike.
If you have questions about anything financial or mortgage-related, please contact [email protected]. Ross answers everyone personally.
For more information, visit About Ross Taylor.
