Frequently Asked Questions
Do you have questions? We have the answers! Here are a few commonly asked questions from folks. Just click on the question below and you’ll be taken to a page with the answer. And if you don’t see your question here, just call us at 647-393-7222 and we’ll be happy to help!
1) When should a homeowner consider a private lender when searching for a mortgage?
2) What sort of interest rate should a person expect to get on a private mortgage?
3) Is now a good time to borrow money with a home equity loan?
4) What are the benefits of a private mortgage?
5) Will a private mortgage be issued for a two or three year term?
6) What documentation do I need for a private mortgage approval?
7) Is an appraisal a requirement?
8) How hard is it to qualify for a private mortgage? What is the turnaround time?
9) Can I use the same lawyer as the private lender to save on legal fees?
10) What is the highest loan-to-value ratio that I can qualify for with my property?
11) Breaking your first mortgage to refinance. Should you do it?
12) When should a person consider a debt consolidation loan?
13) What are some considerations for a first-time home buyer?