Private Mortgages By Monika Lending

Author: Monika Lending | | Categories: Commercial Mortgage , Construction Mortgage , Debt Consolidation , Home Equity Line of Credit , Mortgage Agent , Mortgage Broker , Mortgage Consultant , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage , Private Lender , Private Mortgage , Second Mortgage

Blog by Monika Lending

Are you tired of getting your mortgage application declined by banks due to rigid regulations? Traditional lenders like banks and credit unions generally follow a stringent set of rules when lending money. According to these rules, borrowers are required to meet or exceed a predetermined salary bracket and credit score. Moreover, they demand for a range of paperwork that many borrowers don’t possess and frequently refrain from lending to self-employed individuals with fluctuating incomes.

If you’ve faced rejection from traditional lenders for similar reasons, don’t fret! You still have several financial options at your disposal. One of the leading alternatives to conventional mortgages is a private mortgage. These mortgages are sourced through private lenders such as friends, family, or businesses.

Private lenders understand that numerous borrowers are excluded from the lending system on account of conservative rules, even though they can repay what they borrow. To bridge the gap created by conventional lenders, private lenders have made private mortgages available to a broad range of borrowers.

Besides being willing to lend to you, these lenders also offer a variety of benefits to borrowers like:

a. Quick funds with your home equity

b. Qualification for a mortgage despite low credit scores

c. Fast funding

d. No income requirements

e. Low fees for applicants

To avail of a private mortgage, you need to connect with the right lenders and to develop this connection, you need the assistance of an experienced mortgage agent like Monika Nguyen, the proud owner of Monika Lending. As a leading mortgage agent in Mississauga, ON, apart from helping you get the most from your mortgage, I also find lenders willing to provide you with comparative rates and flexible options. I have access to tools that enable me to find you the best mortgages around and customize them to meet your needs.

For more information on my mortgage services, please click here. If you have questions or concerns about private mortgages, feel free to give me a call at (647) 628-6899 or fill out my contact form here, and we’ll get back to you.