Canada’s stricter mortgage rules may force you as a homeowner, to borrow from so-called private or alternative lenders.  Private mortgages not only fill the void of institutional lenders, but they also offer clients a lot of flexibility in mortgage lending.

Private lenders are not subject to the stricter rules that are governing banks and credit unions.  While Credit unions, which are provincially regulated, aren’t bound by Ottawa’s federal mortgage rules, many of them appear to be voluntarily complying by the new guidelines.

This means that private lenders are often the only option for borrowers who don’t qualify for a loan under the stricter regulations.

As a brokerage, we have access to Banks, Credit Unions, Monoline Lenders, Alternative Lenders as well as Private Lenders. This extensive network allows us to ensure that you are not only getting the sharpest rate, but the mortgage product is also aligned with your needs.

Private lending is the perfect option when your income or credit may not fit the ‘bank box’.  We are problem-solvers, advisors and honourable individuals.  We work hard to make your dreams possible.