Private Loans

Private mortgage lending in Canada refers to the practice of lending money for real estate transactions by private individuals or entities rather than traditional financial institutions such as banks. Private mortgage lenders in Canada offer a range of services including short-term bridge financing, refinancing, and mortgage investments. Private mortgages can be an attractive option for borrowers who may not meet the stringent requirements of banks or traditional lenders due to factors such as credit history, income, or type of property. However, private mortgage lending comes with a higher interest rate and fees compared to traditional lending and it's important for borrowers to fully understand the terms and conditions of their loan agreement before entering into a private mortgage arrangement.