When Is Using A Private Mortgage Lender A Wise Choice?

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When Is Using A Private Mortgage Lender A Wise
Choice?
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• It can be easy to miss private mortgage lenders
  among the noise and glossy advertising of
  Canadas Big 5, but they are often viewed as
  saviours by some individuals or institutions when
  financing options are unavailable to them.
  Private mortgage lenders offer short term asset
  backed loans for the purchase of a property, and
  they can be a fantastic alternative to other,
  regular financing options, depending upon your
  circumstances.
• When might a private lender be a wise choice?
• There are many situations in which a private
  mortgage lender might prove to be a wise option,
  and here are just a few of them

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• If youre trying to purchase a building that the
  big banks and other lending institutions are not
  prepared to finance
• You require a loan on a short term basis
• You dont want to wait for a lengthy approval
  process when applying for finance
• Your credit history is causing regular lenders to
  turn you down for a mortgage
• If your income cannot be verified and is
  preventing you from getting a mortgage

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• Who are private mortgage lenders?
• Wishing to invest their surplus cash for short
  terms to make profits from private mortgage
  loans, these lenders are individuals or
  institutions who lend money for property
  purchases, using the property itself as
  collateral. Often preferring to invest in regions
  that are close to their place of residence or
  operations, they choose between residential
  mortgage investments and funding commercial
  properties. Looking past bad credit histories and
  the like, they do their best to assess each
  individual on a case by case merit and may even
  opt to meet the borrowers to discuss their
  investment in person. While they do usually
  charge a higher rate of interest, they are
  usually the much swifter and simpler option for
  securing a loan.

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• The best way of finding out if a private lender
  might be a wise choice for you, is to talk to a
  qualified and experienced mortgage broker. A
  mortgage broker will review all your mortgage
  options once theyve discussed with you in great
  detail your current circumstances and financial
  situation and present you with a series of
  reliable lenders that they believe will get you
  the best deal for your specific needs. They can
  even help facilitate the private mortgage
  agreements as appropriate legal and binding
  contracts, relieving you of a lot of time and
  stress.
• To discover if a private mortgage lender might be
  able to help you secure a loan, find a local,
  trusted mortgage broker who can get the ball
  rolling.

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• Mortgage-broker-Calgary is your best resource for
  finding a mortgage for your property. Luke Wile,
  is the best independent mortgage broker in
  calgary and is proud to serve clients from across
  Canada, while being centered in Calgary, Alberta.
  Luke is proud to serve his clients with a
  personalized approach to finding his clients the
  best and lowest Canadian interest rates and terms
  offered by the major banks and private lending
  institutions. If you are looking for a mortgage
  broker in Calgary, with Luke Wile you can get
  fast and personal expertise for your mortgage!