Tag

Private Mortgage
Financial Q&A
A running thread of reader questions and our answers and research about the impact of COVID-19 on your finances.
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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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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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FAQ Private Mortgage
Despite increasing in market share by nearly 50% in less than a year, most Canadians don't know what private mortgages are. This primer answers commonly asked questions: what is a private mortgage, why would you want one, what problems do they solve, how they are priced, is this the right product for your needs, etc.
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https://askross.ca/alternative-mortgage-lenders-canada-bad-credit-private-second-mortgages/
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role that alternative and private lenders play in the market and compare them with traditional "A" lenders, such as banks.
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canada private mortgages 700450X THUMBNAIL
Private mortgages are great tools for solving specific types of problems. Homeowners who need to consolidate debts or pay off a consumer proposal early are good candidates for this solution, despite having higher costs than a traditional mortgage.
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