What is Private Financing?
Private mortgages should never be a long term solution and should only be entertained for periods of 6 to 24 months. Private mortgages are meant to be short term solutions bridging the gap between the period of when a borrower may not qualify for traditional lending to when they can qualify for traditional lending. A great Mortgage Broker will always have an exit strategy to get the borrower out of private financing and into traditional lending.
10 Unique Scenarios where a Mortgage Broker can help you
Choosing a mortgage broker opens a vast amount of lending avenues for you as the borrower. Every client and every lending scenario is unique, I have taken the time to provide you with a few examples of scenarios where a Mortgage Broker is better suited to provide you with a lending solution over a Bank Mortgage Specialist (or bank representative).