Looking for a Private Mortgage?
APPROVED IN AS LITTLE AS 24 HOURS*
APPROVED IN AS LITTLE AS 24 HOURS*
HOMEOWNERS GET APPROVED
Nova Scotia, Toronto & Vancouver mortgage broker specializing in private residential and commercial mortgages. We help homeowners like you get approved for private mortgages. If you have been turned away by the banks for a loan, we can help you secure the financing you need.
At Craigburn Capital, you can qualify for a loan up to the amount of your home equity, which is based on the value of your home.
*Up to in usable equity
You may want to think about a private mortgage if you are looking to do some home improvements, consolidation your debt, or any other purposes requiring cash expenses. Start your application today and get approved in as little as 24 hours!
*depending on complete documentation provided which includes, but is not limited to, property appraisal on subject property, credit bureau on applicants, and confirmation of income. The lender reserves the right to request further documents if required.
Since private mortgages are secured by just that — your home — approvals are based on your property.
Private mortgage rates substantially lower than credit card rates or those from other unsecured sources.
If received as a lump sum, this can be used to cover any larger outstanding expenses, while interest payments are made monthly.
You could qualify for a tax deduction for the interest you pay on the private mortgage if proceeds were used for qualified renovations.
VANCOUVER | TORONTO | HALIFAX
What is a private mortgage? This type of mortgage can be sourced from another person or business (MIC) instead of a traditional financial institution.
Being one of the leaders in private lending market, we at Craigburn Capital have a in-depth knowledge and understanding of second mortgages ensuring to meet the requirements of all our clients.
A commercial mortgage in Canada is a mortgage loan given to the owner of a property that is not considered a residential home. It is often times one of the largest financial investments that an investor makes in their life.
Whatever the reason we all find ourselves in a situation where an ideal opportunity presents itself but we do not have the means to take advantage of it. Maybe you are self employed, just weathered the recession and have found the perfect house at a great price. Except the banks will not touch you. Here is where private lending could be the ideal option.
A few facts about helping you get a private mortgage:
Contact Pat today to see if private lending can help you with your present situation.
902-471-1852
These are not long-term lenders, typical loan is for 12-24 months. So have an exit plan.
Interest only terms are available.
Rates can start as low 5% and go higher, and lender’s fee can be from 2-10%. This is depending on the location of the property and the position on the loan.
They are equity lenders and will lend up to 80% toward the value of your property.
Pat Sawler, Craigburn Capital
If you are currently lending private mortgage funds, or would like to, please contact my office so I could either set you up with a current lender or start to advertise your services to fellow brokers and to clients.