These types of mortgages are available for our clients who aren’t candidates for obtaining a traditional mortgage as they don’t meet the bank’s criteria. A private mortgage is issued by an investor or business and is based on the property value instead of the borrower. Borrowers may be asked to provide up to 35% for the down payment depending upon their financial situation. This is a short-term loan which covers the interest only. Open terms are available at a later date allowing early repayment, without penalty. Our mortgage brokers will work to find the best financing options that will fit your requirements until you are able to commit to a traditional loan.
Private Mortgages
Expertise:
- New Home Purchase
- Debt-Consolidations
- Refinancing
- Rental Property Purchases
- Shopping Centres
- Farms
- Low Income & Self Employed
- New Immigrants
- Land Development
- First Time Home Buyer
- Low Documentation
- Credit Issues
- Mobile Homes
- Private Mortgages
- Constructions
About our company
At Able & Remarkable Mortgages Inc., we’re dedicated to provide exceptional services to our clients.
201 – 14360 64 Ave, Surrey, BC Canada