Helping You Understand Private Mortgages & Other Options

There is no one-size-fits-all solution to borrowing money. Everyone has different goals, qualifications, and credit histories. Mortgage Connection doesn’t just provide a variety of financing options; we help you decide which option is best for your needs and long-term goals.

Private mortgages can be a good option for those looking into short-term solutions. Contact the Mortgage Connection team to find out of a private mortgage is the right choice for you.

Our Private Mortgage Process

Step 1: Meet With a Mortgage Broker

We’ll start by deciding whether a private mortgage is right for you. This is our chance to ask you about your goals, your needs, and what kind of assets or collateral you might be working with. If we decide that a private mortgage is the right call for you, we can move forward to step 2.

Step 2: Submit an Application

Applications for private mortgages tend to vary depending on the applicant’s situation. We’ll put together a list of things your application needs to include. Your mortgage broker will help guide you through the application process and help you choose the best lender for your needs. If your application is approved, we progress to the final stage.

Step 3: Finalization

At this point, all that’s left to do is to finish off some paperwork and gain access to your funds. A private mortgage may be used to purchase, or refinance a property. Mortgage Connection will happily answer your questions and give you guidance throughout the process.

Step 1: Meet With a Mortgage Broker

We’ll start by deciding whether a private mortgage is right for you. This is our chance to ask you about your goals, your needs, and what kind of assets or collateral you might be working with. If we decide that a private mortgage is the right call for you, we can move forward to step 2.

Step 2: Submit an Application

Applications for private mortgages tend to vary depending on the applicant’s situation. We’ll put together a list of things your application needs to include. Your mortgage broker will help guide you through the application process and help you choose the best lender for your needs. If your application is approved, we progress to the final stage.

Step 3: Finalization

At this point, all that’s left to do is to finish off some paperwork and gain access to your funds. A private mortgage may be used to purchase, or refinance a property. Mortgage Connection will happily answer your questions and give you guidance throughout the process.

What You Need to Know

Pros

Private mortgages tend to come with faster approval times and shorter terms, making them a good option for those in need of a short term funds and have an easily accessible exit strategy. Even with bruised or limited credit history, you’ll most likely be approved for a private mortgage. If you have the money to repay a short-term loan, a private mortgage can be an excellent way to build or rehab your credit history. Often times, investors looking to ‘flip’ a property for a quick profit, or even those looking to improve the value of an asset in anticipation of a better long-term financing solution will utilize the services of our private lender.

Cons

Because private lenders don’t require a spotless credit history, they tend to offer higher rates. Private mortgages typically come with some extra fees. For example, you may need to pay for your own legal fees, as well as your lender’s legal fees.

Things to Remember

Mortgage Connection will always look for the best solution for your specific case. We genuinely want to help you, which means we’ll never try to get your buy-in on an option that looks good on the outside but may lead you into trouble. You’ll get a full explanation of each strategy: the pros and the cons. Plus, we’ll never stop looking for the best option for you. Even if you’re working with a C lender today, Mortgage Connection will keep working with you to get you to a B lender or even an A lender in the near future!

Pros

Private mortgages tend to come with faster approval times and shorter terms, making them a good option for those in need of a short term funds and have an easily accessible exit strategy. Even with bruised or limited credit history, you’ll most likely be approved for a private mortgage. If you have the money to repay a short-term loan, a private mortgage can be an excellent way to build or rehab your credit history. Often times, investors looking to ‘flip’ a property for a quick profit, or even those looking to improve the value of an asset in anticipation of a better long-term financing solution will utilize the services of our private lender.

Cons

Because private lenders don’t require a spotless credit history, they tend to offer higher rates. Private mortgages typically come with some extra fees. For example, you may need to pay for your own legal fees, as well as your lender’s legal fees.

Things to Remember

Mortgage Connection will always look for the best solution for your specific case. We genuinely want to help you, which means we’ll never try to get your buy-in on an option that looks good on the outside but may lead you into trouble. You’ll get a full explanation of each strategy: the pros and the cons. Plus, we’ll never stop looking for the best option for you. Even if you’re working with a C lender today, Mortgage Connection will keep working with you to get you to a B lender or even an A lender in the near future!

The Mortgage Connection Difference

Mortgage Connection is here to help you with all your mortgage financing needs. Money matters require expertise, experience, and connections. We pride ourselves on finding solutions to whatever financial scenario you bring us.

Our team simplifies and streamlines the process as much as possible, keeping you totally informed every step of the way. Mortgages can be intimidating, but they don’t have to be. Let Mortgage Connection do the heavy lifting and make it a great experience for you.

Our team stands on an incredible foundation of experience, which can make all the difference when it comes to saving you money. As experts in our field, we’re dedicated to continuing our education and staying current with the market’s latest offers and products. Through constant learning, we can better meet your needs, work towards your goals, and guide you through the process.

Think Mortgage Connection, and discover a truly different mortgage experience.

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