Private Investor Funded Mortgages – Up To 86% LTV
We offer solid private money solutions for today’s lending climate. Interest rates starting as low as 8%.
Private mortgage loans can be tricky. We protect the borrower to ensure that all regulatory bodies are involved and the paperwork is handled properly.
Start The Process With A Trusted Lender!
Private Mortgage Loans 101
If you own a home and “traditional” lenders have turned you down, a first, second, or third private mortgage might be a good solution for you.
Private first, second or third mortgages are based on a term called LTV (Loan to Value) and are often easier to qualify for because they are based on your homes equity, not other factors such as proof of income or credit issues.
Most private mortgages are funded through investors who are seeking a greater return on their financial investments. Our Windsor private lenders are comfortable and often experienced with investments that are secured against real estate and often look past what conventional lenders won’t, such as bad credit, bankruptcy, and environmental or zoning issues. Private lenders invest in people and property and not reports and numbers.
Every investor has different levels of comfort and that’s why it is wise to use someone experienced in private deals such as a mortgage broker. Many private mortgage investors will consider farm mortgages, modular home mortgages, commerical mortgages, cottage or vacation property, and in some cases, mortgages on vacant land.
Private mortgage investors may review documents such as bank statements, appraisals, employment letters, to feel more confident about the loan. An experienced mortgage agent can help present your story to show them why you, and your property are a smart investment.
EWMB has helped hundreds of clients successfully secure private mortgage loans that was advantageous for both the borrower and the lender. Request your quote today, and let’s make your situation a success story too.
Which Describes Your Situation?
- Proof Of Income Issues.
- Severely Damaged Credit.
- Bankruptcy, Foreclosure, Consumer Proposal.
- Non Traditional Debt Consolidation.
- Unique – Non Conforming Property.
- Raw Land.
- We may be able to Help…
General Guidelines When Considering A Private Lender
- Interest Rates - You will find private lender rates to be typically higher than bank posted rates.
- Term Length – Terms can be as little as one year to as much as five years, and even longer if there is a legitimate reason.
- Fee Structure - depends on the loan types – but may range from 1 to 3%
- Location - most private lenders invest in properties close to where they reside, but not always.
- Loan Approval - can be as little as 24hours up to 3 weeks depending on the complexity of the transaction.
We Walk You Step By Step Through The Process
To gain access to a legitimate private lender, it’s best to work with a company that is experienced in successfully facilitating the deal. First, we help structure the deal in a way that makes the most sense for you. We recommend optimal finance strategies, and keep the process clean and simple.
Second, we take a look at the entire application, including the back story, package it as an investment and present it to the most appropriate private mortgage lender in Ontario for their approval.
Third, we facilitate protection of you, the borrower, to ensure that all regulatory bodies are involved and the paperwork is handled properly throughout.
Why Should You Choose Us?
No Hidden Fees To Worry About
Unlike some other Windsor Mortgage Brokers, at EWMB you won’t find any fees secretly buried in your quote, our fee structure is completely transparent and upfront.
Access To Surprisingly Low Interest Home Mortgage Rates
We’ve closed many private mortgage loans over the past half decade. Why is this important? Because our contacts and volume ensure private lenders offer you the lowest interest rates on the market! Think of it as buying in bulk – the more we buy, the more you save.
More Private Lending Options
When you request a personalized private mortgage quote, we immediately screen local private lending partners, including non-bank lenders, non conforming lenders, and out of province private lenders, to find you the best solution.
Private Mortgage Loans In Half The Time
We’re Located Right Here In Windsor, Ontario
Sometimes putting a face to a name makes all the difference. Unlike many of the online mortgage websites, the people helping you live right here in your neighbourhood. Feel free to visit either of our OMAC offices on Manning or Walker road.
Trusted Experts In What We Do
For years we’ve been helping people like you. My team and I are members of CAAMP – (Canadian Association of Accredited Mortgage Professionals), which enforces the highest ethical standards and knowledge of it’s associates. We are also a member of the Canadian Institute of Mortgage Brokers, Better Business Bureau, have been nominated twice as mortgage service of the year by Biz X magazine, and actively involved in the Non for Profit Knights of Columbus Organization.