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Niagara Falls Private Mortgage Lenders
“Niagara Falls Private Mortgage Lenders Provide Financing For Real Estate Purchase, Mortgage Refinance, and Construction Loans”
Niagara Falls private mortgage financing options are available from both local and regional private mortgage lenders.
Private mortgages range from $20,000 to several million dollars with each piece of real estate or real estate parcel assessed on its own merits by interested lenders.
With private lending, the main concern that lenders will have is the exit strategy to repay the loan and the strength of the resale market for similar or like properties in the area. If both of these aspects are strong, then its very likely that there will be private mortgage options available for your property.
Niagra Falls private mortgage lending sources will also each have somewhat of a focus on the type of project or financing application you’re looking at. For instance, some private lenders will only consider construction projects while others will prefer to only lend on residential second mortgages.
Therefore, its important to be talking with a private mortgage lender that will be highly interested in your deal and will be a good match for your particular financing requirements.
This is the main reason why it makes a great deal of sense to work with a mortgage broker who has good access to a broad cross section of private money lending sources in your area.
While most mortgage brokers will claim to have access to private funds, many times that access is through another broker where there could be two or three degrees of separation between you and the actual lending source. And even where these loose connections exist, there is no real guarantee that the private lending source that ends up looking at the deal will have any interest in it at all.
Mortgage brokers that have a focus in private mortgages will have direct lender relationships and will also understand the types of deals each lender is looking for as well as the manner in which they make their financing decisions. And because private lenders, for the most part, work through broker networks, it can become a necessary step to work with a mortgage broker to locate a source of private mortgage financing for your particular project.
If you’re trying to locate Niagara Falls private mortgage lenders, give me a call so I can quickly assess your requirements and provide relevant private mortgage options for your consideration.
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