Toronto fast private mortgage loan money is most typically used for 1) estate purchases that need to be closed in less than one week, 2) mortgage refinancing and debt consolidation required to avoid a lender collection action.
The speed with which any mortgage can be put in place from application to funding is 2 to 5 days provided that you are working with a mortgage broker, private mortgage lender, and real estate lawyer than can turn the whole thing around quickly.
This is an area where we can potentially help you as our mortgage brokerage is aligned with private lenders and lawyers that can get the job done in a very short period of time provided that everything related to the property and property title are in order.
If you’re looking for a mortgage close in less than 2 days, its unlikely you’re going to be successful as there is basic amount of time required to cover off the mortgage approval and registration process.
A fast private mortgage money close is also restricted in most cases to single family real estate properties as commercial real estate will typically require a slightly longer loan application process due to larger loan size and more assessment into the resale speed of the market.
For residential mortgage needs, we work with a number of different private mortgage lenders in the Toronto area that provide fast closing loan services. Failure to focus on these specific types of private lenders may cause you to waste the valuable time you have and potentially miss your deadline.
If you have a residential mortgage that needs to get closed in less than a week in Toronto or in the Greater Toronto Areas, I suggest that you give me a call so we can quickly assess your requirements and get you working with a private mortgage lender that is capable of getting the job done in the time period required. At the same time, if we are unable to help you, we’ll tell you right away so you don’t waste any valuable time. In most situations, we can provide suitable options within a few hours of being contacted.
I'm a Toronto Mortgage Broker that arranges mortgage solutions on residential and commercial real estate property. With over 30 years of mortgage financing experience, I'm able to quickly assess your financing requirements and provide relevant solutions for your immediate consideration. Joe Walsh Google+ YouTube Channel