Contact a mortgage broker @ 778.839.3963
PRIVATE MORTGAGE MONEY AVAILABLE IN VANCOUVER & BRITISH COLUMBIA CANADA.
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Private Mortgages Bad Credit – Income Verification Issues
Do you have Bad Credit or problems showing your income and the bank have turned you down for mortgage financing? Private Mortgage Lenders in BC may have options for you using your homes equity as security. These kinds of Mortgages are traditionally easier to qualify for because they are based on your homes equity and not on your current income or credit situation.
Private Mortgage - Best Rate - Lowest Cost
Looking for this kind of mortgage at the lowest rate and cost? Private Mortgage Lenders offer these mortgages up to clients that put forward the best Mortgage Application. Most commonly for clients that have good credit and decent income but do not want to refinance their 1st mortgage because their 1st mortgage is at a much lower interest rate than what the current 1st mortgage interest rates are offered at. Or you are Self Employed with decent credit but cannot show income in ways that would allow bank financing to be obtained. Consolidating outstanding debt into a Second Mortgage even at a higher interest rate may give you a greater overall cost savings. Interest rates for well qualified private mortgages start as low as prime + 4% they are all subject to lenders approval so apply with a Mortgage Rates BC Mortgage Broker and allow us to present your application or best results.
Private Mortgage – Bad Credit - Foreclosure – Pre-Foreclosure – Bankruptcy
Need Help Stopping a Foreclosure or preventing a Pre-Foreclosure? Private Mortgage Lenders can Help Stop a foreclosure if you have home equity. The situations for many people who are facing a foreclosure are temporary and due to people’s busy schedules or lack of education in the foreclosure process may leave some home owner stuck and with few options they know of. The fact of the matter is there are still a few options available to you and acting fast is imperative to keeping the best ones open.- 1. Option one is to take out a 2nd Mortgage to bring the 1st up to date and take care of all or as much of your outstanding debt as possible.
- 2. Option two is if the 1st Mortgage lender will not allow you to bring them up to date you must secure a new Private 1st Mortgage.
- 3. Option three is if all other options do not work for you place your home up for sale.
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5 main reasons, Private Mortgage Lenders BC are used:
1.Your Bank has turned you down for refinancing or purchase because of credit or income issues.
2. Your home is listed for sale and you need money before it sells.
3.You have a low 1st Mortgage rate and current Mortgage rates are significantly higher.
4.You are in Foreclosure or trying to avoid Pre-Foreclosure.
5. You own a unique property and it doesn't fall into the banks narrow lending guildlines.
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<= Contact Me Through GET A QUOTE
Available 9 AM To 9 PM 7 Days a Week.
Vancouver 778-839-3963 Okanagan 778-476-5500 Toll Free Canada 1-877-744-3436
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Residential Homes are homes located where land use is predominately single family housing multi- family residential and this is ideal for mortgage investing.
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Rural Homes are homes located outside of towns or larger populations and can be classified as year round cottages or homes in rural or semi-rural areas. These types of properties will have lower lending values for mortgage lenders.
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Small Acreages are usually a dwelling with land under ten acres. Mortgage lenders will have restrictions on lending guidelines for this type of Real estate.
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Hobby Farms are small acreages used partly as farm. There are different lending guild lines for each type of property and its location so check in for mortgage details.
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Raw Land has restrictions based on loan to value and what the plan is for the use. Mortgage lenders will generally lend up to 50 or 60% maximum on this type of property.
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Properties in the ALR Agricultural Land Reserves are limited usually up to 65% LTV depending on Acreage size. Not all lenders will do properties in the ALR so check for lending guild lines.
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½ Half Interest Properties are limited to the private mortgage market and come with lending restrictions.
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Inter Alia (Mortgages secured by more than one property) can be done by both banks and private lenders and are based on the security in two properties.
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Mobile Homes in Parks can be done by banks and private lenders but are restricted in some cases by the insurers or by loan to value do to the risk in mortgage lending.
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Mobile Homes on your own land both banks and private lenders will do these kinds of mortgages but again are limited by insurers or lending areas.
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Leased Land is done by both banks and alternative lenders but is subject to the lease and can be restricted by loan to value when financing a mortgage.
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Native Leased Land is again done by both alternative lenders and banks but can have a variety of lending guidelines to follow when mortgage financing.
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Manufactured Homes in Parks can be done by banks and private lenders but are restricted in some cases by the insurers or by loan to value do to the risk in mortgage lending.
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Manufactured Homes on your own land both banks and private lenders will do these kinds of mortgages but again are limited by insurers or lending areas.
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Residential /Commercial Properties are investment or income properties intended to generate a profit either from capital gain or rental income. Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
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Bad Credit and trying to Finance a new car in British Columbia? Private Mortgage Money is Available
Bad Credit Auto Financing Rates in British Columbia Canada can be upwards of 20% and with high monthly payments. Own your own home and have sufficient equity, why not take that equity out, to pay for your new car purchase? Rates on Private Mortgages are significantly lower than Rates on Bad Credit Auto Financing and with a longer amortization it may reduce your payments significantly. If you think a Private Mortgage is a better option for you rather than getting Bad Credit Auto Financing Call today. 778-839-3963 Vancouver BC Mortgage Broker.
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BC Private Mortgage Approvals Here
Allow your BC Mortgage Broker to structure your Mortgage Approval for best results. We access numerous mortgage lenders all over British Columbia or Alberta and navigate your application to fit the best lenders approval criteria. We take the time to listen to you and your needs and match you with the best mortgage lender we can find in the market place with the lowest mortgage rate or best overall mortgage fees.
Our service areas for the Greater Vancouver Regional District includes the cities and towns of: Vancouver BC, Richmond, Burnaby, New Westminster, Delta, Surrey, White Rock, Langley, Abbotsford, Chilliwack, West Vancouver, North Vancouver BC, Port Moody, Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge, and Mission British Columbia. Call today to find out about your area's guildlines.
Our service areas for the BC Okanagan Regional District includes the cities and towns of: Armstrong, Ashcroft, Cache Creek, Chase, Clinton, Enderby, Falkland, Golden, Kamloops, Kelowna, West Kelowna, Keremeos, Lake Country, Lumby, Merritt, OK Falls, Oliver, Ossoyoos, Peachland, Penticton, Princeton, Revelstoke, Salmon Arm, Vernon, and British Columbia. Call today to find out about your area's guildlines.
Our service areas for the Vancouver Island Regional District includes the cities and towns of: Victoria, Saanich, Esquimalt, Oak Bay, Colwood, Langford, Sooke, Campbell River, Chemainus, Comox, Courtenay, Cumberland, Duncan, Ladysmith, Lake Cowichan, Nanaimo, Parksville, Port Alberni, Qualicum, Sidney, Tofino, British Columbia. Call today to find out about your area's guildlines.
