With alternative and private lenders, mortgage rates depend upon the strength of the borrowers, the client’s credit, property location and equity in the property.
Private mortgages are generally only intended to be used for short periods, typically for a sub-prime mortgage is 6 months to 1 year. They are generally interested only payments, however, can include principal and are primarily used to help you rebuild your credit or get you out of a tight spot in your life. We will get you a private mortgage but also, help you with your exit strategy, to enable you to return you to a traditional lender at the best rates.
Our focus for our clients is finding a mortgage solution for you but also look at long term solutions that will move your mortgage to a Prime A lender.
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