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Oshawa Private Mortgage Loans

Oshawa Private Mortgage loans

Most people looking for a mortgage go to large lenders or financial institutions such as banks to apply for a loan. A bank will analyze a borrower’s credit history, their current financial standing, and their debt status. When someone is unable to qualify for a traditional institutional mortgage, then they may need to apply for a mortgage loan through a private lender. These are available in Oshawa, Ontario or anywhere in Canada.
Unlike a conventional mortgage loan, a private mortgage loan is the easiest option for borrowers. Oshawa private mortgage loans are loans provided by a private mortgage lender who often use their own money to fund the mortgages. The lender could be an individual or group of individual investors who pool their own money to lend to people needing a loan. The process of applying for and getting private mortgage loans is a lot easier than with the banks.

Oshawa Private Mortgage Loans Agreement

A private mortgage loan is binding legal agreement. When you apply for a private mortgage loan in Oshawa, make sure you have all of the required documents. You will receive a Commitment in writing which contains all of the basic terms of the Agreement. This is important so that you understand the terms of the mortgage. After the commitment is signed and the accompanying documents required by your broker, the lawyers will prepare the mortgage documents that will be binding upon both parties. Once signed the mortgage will be registered on the title of your house.

Questions a borrower should know the answers to:

• When is payment due?
• What if I can’t make a payment?
• What method of payment can be made and where can it be made?
• What does the private lender require and need as collateral for security?

Some of the advantages of an Oshawa private mortgage loans

• A private mortgage loan could be the best choice for people who want to buy a home, because not everyone is qualified to meet all of the needed requirements, i.e. perfect credit history, debt status. Many people who are self-employed may not qualified for a mortgage with large financial institutions such as banks or credit unions. These institutions inspect borrowers’ whole financial history before they approve their applications. Unlike traditional mortgage lenders, private mortgage lenders don’t necessarily look as closely at financial status or credit history. Private mortgage lenders lend money based on the value of the home, or project in question, and the borrower’s ability to repay the money. If the request meets these requirements, the lender will extend the mortgage.
• Conventional lenders and large financial institutions can take 15-90 day for loan approval. Many times the result is that the application is unsuccessful. Private mortgage lenders, on the other hand, will can take as little as 24 hours to approve a loan! A typical closing can be 7-10 days. Arranging a private mortgage is often far easier and quicker.
• Borrowers of with private mortgage loans can opt to only pay interest on the amount borrowed. At the end of the term the borrower will either need to renew the mortgage or pay back the amount of the loan.

WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
  • “Best Mortgage Team I've worked with”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
  • “No hesitation recommending”
    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
  • “A tough deal that others could not do!”
    Access mortgage did a great job in getting us a mortgage. It was a tough deal and they were able to get it done when others couldn’t. I would not hesitate to use them again.

    BEA - CAMBRIDGE, ON
  • “Seamless from beginning to end!”
    I just want to say 'thank you' to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    JULIE - HAMILTON, ON
  • “From full of stress to stress-free”
    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    M.D., MISSISSAUGA, ON
  • “Patient with deep understanding”
    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
  • “Got creditors off our back”
    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    K.K.P., HAMILTON, ON
  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • “Extremely Fast!”
    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

    LISA - BRANTFORD, ON
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