Professional private mortgage solutions in Oshawa
Comprehensive contracts for you
Tailored to meet your financial needs
Knowledgeable staff to resolve your queries
Your local private mortgage specialists
Private mortgages are a quick solution if you need access to emergency funds. They have been around for several years and can help you get out of financial problems. One of the major benefits is, unlike traditional loans, a private mortgage can be processed quickly. With banks and other conventional money lending institutions, you may have to wait for weeks to get the paperwork done, but with private money lenders, that process is completed quickly (generally, it can be as quick as under 48 hours) and you can get the funds you need in no time. You can get in touch with our team at Mortgage Power to find out more about this type of policy, we will be more than happy to help you. Schedule an appointment today, working out of Oshawa, we serve clients across the region.
Why should I consider taking up a private mortgage?
Your bank has denied you to process the loan:
This can happen if your credit score is low and you already have a large amount loan that’s due. However, when you work with a private mortgage lender they won’t look at your credit score and will lend you the funds if you have the necessary financial stability to repay the money.
Rental property purchase:
Traditional institutions like banks may not process a loan if it’s for rental property. Let’s just say, if the property doesn’t meet certain criteria set by the bank, they can decline your application. You won’t have to worry about this problem with private mortgages and private money lenders.
You need a short-term loan:
With private mortgages, the loan term is generally around 1-2 years. You will always have the option to extend the term, but if you want to quickly wash your hands from a loan, private mortgages are an ideal solution.
Renovating your home:
You can apply for a private mortgage if you need funds to renovate your home. You can finally add another bedroom or extend that kitchen that you’ve been meaning to do for such a long time.
This type of loan is the ideal option for emergency funds, you will have quick access to the money, our money lenders will make sure of that.
If you’re still wondering if you should apply for a private mortgage in oshawa? Contact our team at Mortgage Power and let us resolve your queries, we will more than happy to do so, we serve across Oshawa.
Working with Mortgage Power
In the present market, you may find several options when it comes to private money lending. So why should you be choosing our team at Mortgage Power? Well, hiring us would be mean that you would be working with a talented pool of professional mortgage brokers who always have up-to-date knowledge of the market. We prioritize our client requests to the last word and can draw up a contract that you are happy with. Additionally, we have a network of reputable mortgage lenders who can help you with the funds. If you’re not sure about what type of plan you should opt for, then our team member can also advise based on your requirements. Hire our team today for your mortgage needs, you won’t regret it.
If you’re purchasing a property, you may have to put down a 15% downpayment
It’s better if you have a stable income and can submit proofs for the same
If you have a good credit score, you would be eligible for affordable interest rates
Schedule an appointment at Mortgage Power in Oshawa to find out more details on private mortgages.