Not everyone can qualify for a bank mortgage, so private mortgages are an alternative. We specialize in arranging mortgages for people who have poor credit, no credit, who are self-employed (declaring little or no income), new to the country, or looking at building and land development.
There are many private lenders and their rates, fees and what they will fund vary. From interest only payments to fully open terms. Contact us, so we can help you find a reasonable solution that your bank can’t offer you. It’s quick and not as expensive as it may seem, if it meets your immediate needs.
Typically private mortgages are short terms solutions, usually 1 to 2 year terms, with an “exit strategy” plan in place to move to a traditional low rate mortgage. This is especially true if the reason for the private financing is credit, income or back taxes. We work together with you to ensure this plan happens and is followed through.
By choosing a Mortgage Alliance Professional you can access all your mortgage options with just one phone call, one application. Your Mortgage Alliance Professional works on your behalf. We will place your mortgage with the lender that is the best fit for you, whether it’s a major bank or a private lender.
Going above and beyond the daily mortgage rate
As a mortgage broker, we need to know more than just the daily rate. We keep on top of all mortgage related news, and pass it on to our clients in the form of new posts, or periodical newsletters. One can never have enough information, especially if it can impact their financial health.
We subscribe to various industry specific new feeds and websites which keep us informed on the current money trends, and policies making their way down the pipeline.
An important part of being a mortgage broker is being up to date on current trends and practices. We are continuously “going to school” learning the new policies and practices that are critical in getting you the best products available.