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What is a private loan?
Dealing with a seasoned mortgage broker can open up a whole new world when it comes to mortgage lending. When a client has exhausted all of the commercial lending institutions such as banks, trust companies, credit unions, Alt A Lenders and B lenders there is one more option.
Private mortgages not only fill the void of institutional lenders but they also offer clients a lot of flexibility in mortgage lending. Most private mortgage investors rely on true equity lending with little weight attributed to credit. Other advantages include quick turn around times, aggressive high ratio lending and they will often consider properties that institutional lenders would otherwise not consider.
Turnedaway.ca has a seemingly endless pool of private investors that offer competitive interest rates with decisively quick response times. We pre-screen our private investors which shield our clients from predatory lenders, ensuring that all parties benefit from the financing.
If you have exhausted your efforts or your financing requires a private mortgage investor to assist with your project we have the answer. We facilitate mortgages in every province and territory and can arrange financing as small as $10,000 and have virtually no limitations. We also regularly arrange construction and commercial financing, regardless of the size of your project.
We’ve helped a lot of people. See what they have to say!
Marilyn & Bob T
We can’t thank you enough for all your help with our mortgage. We were skeptical about filling out an online application but we had tried several banks and due to our credit, couldn’t find anyone to help us. Getting a call within 15 minutes of submitting our application to go over the application put my mind at ease but my husband and I were both shocked to receive a call the same day with an approval. We are still amazed at everything you did considering how difficult the banks made our situation sound. Again, from the bottom of our hearts thank you so much!
Marilyn & Bob T, Whitby Ontario.
Dave & Sharon S
My wife and I felt completely lost and didn’t know where to go after being declined by our bank of 18 years. We were so relieved once you advised us there are still lenders that value a mortgage based on merits other than just your credit rating. We had never missed a payment on our mortgage for 18 years and to hear our bank say they couldn’t help us even though we owed virtually nothing on our home was heartbreaking. We couldn’t be more grateful that you helped out two complete strangers when nobody else would.
Dave & Sharon S, Ottawa Ontario
I can’t put into words how greatful I am to you regarding coordinating all of the activities in seeing my new mortgage go through. There are several reasons for the appreciation from my side but most importantly it will allow my daughter to continue to grow up in a home and neighborhood that she has identified as being very important to her.
I owned a home for almost 15 years and faithfully renewed at my bank every 5 years. About 14 years into my mortgage my job was terminated and I was forced to rely on credit cards to keep things going. Fortunately I found work after 7 long months but by then my credit had deteriorated and my bank wouldn’t help. I called turnedaway.ca after hearing one of their radio ads and I am glad I did. They bailed me out of a bad financial situation, got rid of all my credit card debt and got me down to one manageable mortgage payment.
John C, Toronto Ontario.