Private & Alternative Mortgage Solutions

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Private Mortgages

Unlocking Your Financial Freedom with Private and Alternative Mortgage Solutions

Securing a loan or mortgage can be an uphill battle when your credit history bears the weight of bad credit or a bankruptcy. It's no surprise that major banks and financial institutions may turn you away in such circumstances. Likewise, facing obstacles like insufficient income or environmental concerns related to your desired property can be equally discouraging. But here's the good news: private mortgages and alternative mortgage solutions are here to provide the creative solutions you need.

Private mortgages and alternative financing options are often the lifeline for individuals who've been declined elsewhere. They are extended by individuals or private groups looking for a better return on their investment, unconcerned with your past credit history. Here's what you need to know:

  • Private mortgages typically come with higher interest rates compared to traditional bank loans due to the perceived risk. Payment terms are shorter, often spanning only 6 to 12 months, though extensions may be possible with valid reasons. Approval is swift, often on the same day, and funding can be expedited within a week. Even in the event of a slight delay, the entire process is streamlined to conclude within two weeks.
  • Private mortgage lenders often prefer to focus on specific areas of interest when extending their investment. Accessing a private mortgage, therefore, usually requires the expertise of a mortgage broker with direct access to these lenders.

At The Great Canadian Mortgage Co., we excel in navigating the world of private and alternative mortgage solutions. We understand that life circumstances can lead to financial challenges, and we are the kings of alternative mortgage solutions, providing creative answers to your unique situation.

If you've been turned away by conventional lenders, don't lose hope. Contact us today, and let us explore the creative solutions available to you through private and alternative mortgages. Your path to financial freedom starts here, and we're here to guide you every step of the way.

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