Burlington Private Mortgage Loan
“Burlington Private Mortgage Loans Are Available For a Number of Residential and Commercial Real Estate Applications”
Burlington private mortgage loan financing can be used for short term and longer term financing scenarios, although the majority of private mortgages are only for a one year term.
That being said, there are more private mortgage lenders entering the market all the time and some are content with providing financing for a number of years with long amortizations in affect for repayment or interest only.
Private mortgages are most relevant to construction financing scenarios and other bridge financing situations where a fast and more flexible form of mortgage financing compared to the traditional banks is required.
We have Burlington private mortgage lenders who will consider a broad range of real estate financing requirements both in first and second position mortgage registrations. A second mortgage will come at a higher rate, but if the amount of funds is relatively small and only required for a short period of time, it may be the fastest, easiest, and cheapest way to tap into the available equity.
When we speak of fast, quick close residential mortgages from private lending sources can get closed in 2 to 5 days time provided that everything required to close the deal is in order. This can be a very effective form of financing to save a deal or take advantage of a buying opportunity with a very small window.
Private mortgage lenders also tend to be very regional in terms of where they are comfortable placing their money, so its important to work with a mortgage broker that can directly source private funding in your particular area.
Most mortgage brokers will claim to have access to private mortgage sources, but many times the broker is one or two steps removed, potentially wasting valuable time getting the deal arranged and/or not locating a very good lender match for your requirements.
We work directly with our private mortgage lending sources and can many times provide you with a term sheet the same day you apply for financing.
If you need a Burlington private mortgage loan for a residential real estate or commercial real estate purchase, mortgage refinancing, debt consolidation, or construction financing, I suggest you give me a call so I can quickly assess your requirements and provide relevant local private mortgage financing options for your consideration.
Click Here To Speak With Burlington Private Mortgage Broker Joe Walsh
About the Author Joe Walsh
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