What Should You Consider Before Applying for a Private Mortgage?

Written By Todd Hunter

A private mortgage can be a smart solution for a variety of financial needs—whether you're looking to access your home equity, purchase a property, or secure financing when traditional banks may decline due to credit challenges or unverifiable income.

However, there are important factors to weigh before applying. Private mortgages typically come with higher interest rates and additional costs, including lender fees, broker commissions, legal expenses, appraisal fees, and loan processing charges. They also often require a larger down payment.

While private financing may be more costly, it can still be the most practical and accessible option for many Canadians in need of flexible mortgage solutions.

Call TODAY for more information and insight into private mortgages!

I am here to help!

Todd Hunter

Mortgage Agent, Level 2

License No. M22000871

Direct: (416) 270-7962

Todd Hunter
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