Private mortgages may cost more than traditional mortgages, but that doesn’t mean they should be overpriced! We are proud to always offer affordable services.
Private lenders work under different regulations than the major banks. Our mortgage team will make sure that your private mortgage contract is complete and in order.
Finding the right lender for your private mortgage can be a challenge. That’s why we have a database of trusted private lenders that we work with. We will find the right lender for you.
Fantastic interest rates
Just because you are opting for a private mortgage, it doesn’t mean that you deserve to be gouged on the interest rates. We assure for great interest rates
Private Mortgage in Burlington
A private mortgage is simply a mortgage that is held privately by an individual or an institution rather than by a more traditional lender such as a bank or credit union. In some cases, the lender is an investor or business that is making home loans in order to make a profit. In other cases, the lender might be a friend or family member of the homeowner who is making the loan to help that person out. A friend or family member may still charge interest but it will likely be less than an investor would. Whether you are seeking a private mortgage from an institution or someone you know however, it is still important to work with a mortgage broker who can help to ensure that everything is legal and in order.
Reasons for Needing a Private Mortgage
The most common reason that people think of for getting a private mortgage is bad credit, and while it is true that many homeowners in Burlington have a private mortgage for exactly that reason, there are several other reasons why one might wish to consider a private mortgage. People who are self-employed or who are new to Canada often choose private mortgages because they have difficulty proving their income. Since private lenders are usually willing to look at more variables than traditional lenders, it is usually easier to get a mortgage with these private lenders.
Why use a Mortgage Broker for A Private Mortgage in Burlington?
While it is possible to seek out a private lender on your own, this is ill-advised. There are many great lenders out there, but there are also scammers who are looking to take advantage of people. When you work with a mortgage broker, you know that they are working with a pool of lenders that have been vetted and who have a good reputation in the industry. You also know that you will be getting a competitive interest rate. Even if you plan to get a private mortgage from someone you know and trust, you should still work with a mortgage broker who can make sure that agreements are drawn up properly in order to protect both the borrower and the lender.
Choose Circle Mortgage for Private Mortgage
The team a Circle Mortgage Group has been serving the residents of Burlington for years helping them find the right mortgages to suit their needs – this includes private mortgages. We work with some of the best and most reputable private lenders in the business, so you can feel confident that you are getting a good deal on your private mortgage. Our customer service is unsurpassed, and we will take the time to explain exactly what you are getting and we will answer any questions that you may have.
"First time buying a house is a very stressful experience, and Jivan at DLC really helped reduce that stress by clearly outlining the process before we began so there were no surprises along the way and of course I had a lot of questions, and he was quick to respond to them. Now I recommend Jivan to anyone that tells me they are considering to buy a house because of my stress-free experience."
"Jivan’s sense of ethics is endearing. Mortgages are a hard hit to a client and it makes my business worth working for when I work with a Mortgage Broker who works with my client and ensures that the Mortgage my client is signing into will not result in sleepless nights."
"It is truly a great pleasure to be working with Jivan. He is honest, friendly, and very knowledgeable about his industry. Do yourself a favour and contact Jivan first for all your lending needs!"
Lambros Bryan Demos
How Private Mortgage can help you out?
Competitive Interest Rates
Don’t Need Perfect Credit
Stop Renting and Become a Homeowner!
1How reliable is a Mortgage Broker?
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs. Mortgage Brokers primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
2Other than rates, why should I use a Mortgage Broker?
In addition to rates, because mortgage-based financing is the broker’s primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favorable rates for each project, but often whether a project is funded at all.
3How do Mortgage Brokers Find Superior Rates?
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers. These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.