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Private Lender
Cost of private mortgage
Private mortgages have a number of costs you may not expect, and different terms and benefits than traditional mortgages. Rather than just focusing on the interest rate, it's important to understand the total cost of a private mortgage before deciding this product is suitable for your needs.
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When Is a Private Mortgage the Best Solution?
Published: • This is the second in a three part series of articles discussing private mortgages. Private mortgages are becoming increasingly common because of extremely high house prices, especially in Canada’s major cities, and as a result of the mortgage stress test. In Part 1, I covered the basics, answering the most frequently asked questions....
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Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge. 3 scenarios for buying a home after a consumer proposal are discussed.
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BEST MORTGAGE CONSUMER 700450X THUMBNAIL
When the bank said 'no' to mortgage renewal because of a consumer proposal, switching to an alternative lender and paying off the consumer proposal early provided immediate debt relief and improved cash flow.
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Homeowners Eliminate Debts Without Declaring Bankruptcy
Refinancing your home may not cut it anymore Our consumerist society often gulls people into spending beyond their means. In my business, I meet these folks every day. As recently as a few years ago, many would simply refinance their homes; pay off their credit card debt, and begin the vicious cycle all over again....
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