Date Posted: July 28, 2017
The topic of discussion on this week's episode of Mortgage Minute are private mortgages. These types of mortgages are typically short term, financial solutions for homeowners who may find themselves in a sticky situation. Whether your situation is a sudden loss of employment or repairing credit, a private mortgage can help Canadians weather these types of situations with the goal of getting back on track come renewal.
Despite private mortgages' higher rates, these types of loans can include interest only payments & allowing you to consolidate various types of debts - thus keeping your monthly cash flow at a reasonable level.
If you believe a private mortgage may be the solution you are looking for, contact one of our mortgage brokers today to learn more!