Private Mortgage Lenders in BC
Get the lowest rates with an experienced mortgage team that has helped hundreds of families unlock the equity in their homes, even when traditional lenders say no.
Private Mortgage Solutions in BC: Lowest Rates, Flexible Terms
Struggling to get approved by traditional banks?
Our top-rated private mortgage lenders specialize in helping individuals and businesses in BC secure the financing they need, even when traditional lenders say no.
Why Choose Us?
- Fast Approvals: Get approved in as little as 24 hours.
- Flexible Terms: Tailored solutions to fit your unique needs.
- Competitive Rates: Some of the lowest rates in the industry.
- Expert Advice: Our experienced team guides you through the process.
We Offer Financing for:
- Debt Consolidation
- Home Renovations
- Self-Employed Borrowers
- Tax Liens
- Bridge Financing (Buying Before Selling)
- Education
- Business Capital
- Vacation Loans
Whether you’re a homeowner, real estate investor, or business owner, we can help.
Contact us today for a free consultation.
Choose Between Our Standard or Express Mortgage Process
Transparent fees. Enjoy our services at no cost in most cases. Any potential fees will be disclosed clearly.
FREQUENTLY ASKED QUESTIONS
FAQ
Common questions people ask about private mortgages
Typical fees range from 1.5% to 2.5% of the total mortgage amount. This fee directly benefits the MIC’s profits. The interest rate charged on your loan is used to pay the investors who have invested in the MIC.
You can choose an open-term mortgage, but it usually has a higher fee. This fee allows you to pay off the mortgage at any time without penalty. Whether the higher fee is worth it depends on the reason for the loan. If you need the money for a short time, it might make sense. Otherwise, closed terms of 6 months, 1 year, or 2 years might be better.
times depending on the reason for the loan i the first place the higher fee for the open term makes sense if its going to be short term. otherwise they have 6 months, 1 year and 2 year terms closed.
Private lenders typically lend up to 75% of the property’s value. This means you’ll need a down payment of at least 25% or 25% equity in your existing property. The higher your down payment, the better your interest rate might be.
Ideally, we’d have more time to work on your application, but we understand that things can happen quickly, especially with private lenders. We’ve processed applications in as little as 72 hours. To meet this tight timeline, we’ll need your full cooperation, and the fee might be adjusted to reflect the expedited process.
BC private mortgage lenders offer the easiest qualification process. With your home equity as primary collateral, we can approve your loan in as little as 24 hours. To learn more about your loan options, contact us today.
BC private lenders can provide up to 75%, or even 85% in major cities, of a home’s value. In smaller areas, the loan-to-value ratio typically ranges from 50% to 65%.
The best part? Unlike traditional lenders, our private lenders don’t rely on your credit score or income to determine the loan amount.
