Need a Private Loan Fast?
Not Eligible for a traditional Mortgage Loan from a Financial or Banking Institution?
If you’re facing challenges in obtaining a loan from banks or financial institutions due to poor credit rating, irregular income, or if you’re looking for quick funding without the extra fees and obligations associated with traditional loans, a private loan could be the ideal option.
A private mortgage lender and private lending options could be the solution for you!
Our mortgage brokers are ready to provide you an alternative solution with tailored mortgage solutions designed to meet your unique needs while minimizing stress and financial risks.
What is a Private Mortgage Loan?
A private mortgage loan, offered by private lenders like Mortgage Refinancing, is a form of mortgage financing where the borrowed capital is based on the market value of real estate rather than the borrower’s credit score or income. This alternative financing option is particularly attractive for clients who, due to irregular income, non-confirmable income or poor credit scores, do not meet the criteria of traditional banks or other financial institutions.
A loan based on the value of your home, not your credit score!
At Mortgage Refinancing, we assess loan applications based on the property value rather than the minimum credit or payment history reported by credit bureaus like Equifax. This approach allows buyers with poor credit or irregular incomes to benefit from mortgage financing, offering a valuable alternative to traditional bank loans and financial institutions.
Contact Mortgage Refinancing to discuss our private financing options!
Advantages Offered by Private Loans
Private financing solutions from Mortgage Refinancing offer several significant advantages for borrowers, including flexibility and access to financing.
Quick Financing for borrowers
Unlike traditional banks, where the application process can be long and cumbersome, private lenders offer fast financing. This type of private financing is ideal for borrowers needing quick access to funds, whether for urgent real estate investment or covering unforeseen expenses.
No Income Verification or Credit Check History
One of the main advantages of private loans is the absence of the need to provide detailed income proofs or undergo a thorough credit check. This feature makes private mortgage loans particularly accessible for self-employed individuals, real estate investors, or those whose credit scores do not meet the thresholds required by traditional lenders. Whether you don’t have a minimum score or your borrowing history is not great, turning to private financing solutions allows you to access financing options even with shaky income.
Maintain Your Credit Score Intact
Opting for a private mortgage loan can also help maintain your credit score intact. By avoiding rigorous credit inquiries that can temporarily lower your credit score, our loans offer a financing option that respects your banking history while meeting your immediate financial needs.
Should I Apply for a Private Loan?
The decision to apply for a private mortgage loan depends on your specific financial situation, investment needs, and ability to meet the proposed repayment terms. Our guideline is and will always remain very clear: we work in the best interest of our clients and promote the success of their various projects.
Assistance with Financial Institutions for a Regular Loan funding
Our first step for our clients always remains to approach various financial institutions to try to secure a traditional mortgage loan. Traditional lenders are an option that will offer you more advantageous regular interest rates and the possibility of a longer-term loan. We explore with you the different financing possibilities to ensure that a private loan is the best option for you!
Work with Mortgage Refinancing Private Lenders
Flexible Payment Terms According to Your Needs
Our private mortgage lenders understand the importance of flexibility, especially regarding payment requirement terms. Whether you need adjusted repayment conditions to reflect irregular incomes or you’re looking for alternative options of payment that better match your cash flow, we work with you to customize your loan term funding.
Discreet Process
Discretion is an absolute priority for our clients and for us. As your private lender, Mortgage Refinancing guarantees total confidentiality throughout the mortgage loan application process. From the initial consultation to the finalization of your loan, your information remains protected.
Contact a Private Lender to Discuss a Private Mortgage
Discover how our mortgage financing solutions can help you realize your real estate projects, support your investments, or refinance your existing obligations.
Mortgage Refinancing Works with You for the Best Possible Conditions!
Our guiding principle is and will always remain very clear: we work in the best interest of our clients and promote the success of their various projects. That’s why we’re attentive to your needs and take the time to evaluate your file to offer reliable services and personalized recommendations.
Assistance with Financial Institutions for a Regular Loan
The first step for our clients always remains approaching different financial institutions to attempt to secure a traditional mortgage loan. Traditional lenders are an option that offers more favorable regular interest rates and the possibility of a longer-term loan. We explore with you the different financing possibilities to ensure that a private loan is the best option for you!
Declined by the Bank? We’re Ready to Help!
Your credit record isn’t very good and you’re looking for alternative financing? Don’t hesitate to contact us to discuss your needs and your financial situation with our advisors. We’ll be happy to assess your different options and explore the possibilities offered by a private loan with Mortgage Refinancing. With flexibility and a human approach, we’re confident that a loan with us is an excellent option for your various projects.
Contact us today to unlock funds quickly!
Learn More About Private Mortgage Loans
What is a Private Lender?
A private lender is an individual or entity that offers loans outside traditional banking institutions, using their own funds or those of investors to provide funds to borrowers. Unlike banks and other financial institutions governed by strict regulations, private lending offers flexible mortgage payments financing tailored to individual client needs, including mortgage and credit loans. This option is often sought by buyers with irregular income sources, such as self-employed individuals, or those facing poor credit ratings.
What are the Differences Between a Mortgage with a Private Lender and with a Bank or Financial Institution?
Private Loans Have Higher Mortgage Rates
Private mortgage rates are often higher. Private lender mortgage, due to the increased risk associated with lending money to potentially low credit score or irregular income clients, often applies higher interest rates than those of mortgage loans offered by traditional banks or financial institutions. These additional fees compensate for the risk taken by the private lender.
Private Financing : quick approval process and flexible terms
Private financing stands out for its ability to offer quick access to funds, with fewer administrative formalities and more flexible repayment terms than those required by traditional lenders. The approval processes can sometimes be really long with traditional institutions, so private individual lenders can be very advantageous in harder time. This is particularly advantageous for borrowers requiring fast financing for real estate investment or to cover unforeseen expenses. With no credit requirements or requirement of steady income, private loans are often great for people who rely on self-employment income.
The Importance of Alternative Financing with Different Mortgage Options
Private lenders represent a viable alternative financing solution, especially when traditional banking options are out of reach due to credit score restrictions, income proofs, or other strict eligibility criteria. They play a key role in the real estate market, offering mortgage solutions tailored to investors or buyers who do not fit the standard profile of banks.
What Situations Might Require Private Mortgage Funds?
Discover all the different options for borrowers
Debt Consolidation
For borrowers seeking to consolidate multiple debts under a potentially more advantageous single interest rate, private lenders can offer suitable refinancing options compared to traditional mortgage terms. This non-institutional lenders that provide mortgage loans to borrowers can help reduce financial stress and simplify the repayment process.
Irregular Incomes or non-traditional incomes
Self-employed individuals and those who do not have consistent income may find it difficult to meet proof of income requirements from traditional institutional lenders. Private lenders, thanks to their flexibility, can offer mortgage financing solutions based on a more comprehensive assessment of the borrower’s repayment ability.
Poor Credit Score
A bad credit score can shut the door to financing through traditional mortgage lenders (banks, financial institutions, etc.). Private money lenders, however, are often willing to consider other factors, such as the market value of the real estate or payment histories, allowing different option for borrowers with minimum score because of bankruptcy or credit histories to access mortgage loans.