When I needed a financial consolidation loan, Jesse was great to work with. He managed to set me up with a new mortgage when my debt to income ratio was too high for the other banks to approve my mortgage needs. Jesse was very professional and friendly. He thoroughly explained everything to me. My new mortgage is working smoothly, thanks to him. I have already referred Jesse’s name to my sister in case she also needs financial help. Thank you again Jesse. You’ll be the first one I contact if I need help again.
JESSE BRUN
Mortgage IntelligenceLicense #10428
Mortgage Broker (NB)
Mortgage Agent Level 2 (ON)
Private Lenders Newmarket
Private lenders in Newmarket mostly offer private mortgage loans using mortgage agents. To get approved by a private lender in Newmarket a person needs to have a fair amount of equity in their home or a big down payment (if purchasing). Private lenders who lend in Newmarket will usually provide short-term mortgage financing for 1 or 2 years until the person can be approved by a bank, etc. Most private lenders will borrow up to 75% of the value of the property being used as security if the property is located within a major city(private mortgages will usually not exceed 75% of the value of the property unless the property is located in a city with a population of over 450,000). Private mortgage lenders normally prefer to provide financing for properties which are located within city limits however some private lenders will borrow in small towns or rural areas as well. The lender may only borrow between 50 to 65% of the value of the property when financing outside of the city especially in very rural areas.
Private lenders focus on the equity of the property instead of focusing on a person’s credit history, income, etc. This is why private mortgage financing is also known as equity lending. Getting a private mortgage can be very beneficial and crucial in some situations. Private financing is often used to pay off judgements against property, settle income taxes owed, stop foreclosures, pay off major collections, renew mortgages, pay estate settlements, complete commercial projects, and more. If you’re looking for any kind of mortgage financing I would be happy to help you by answering any of your questions, analysing your situation and then providing you with the best options for your situation. I’m here to help you and your business is important to me. Please do not hesitate to contact my office anytime at 1(888)878-4660 or please fill out the very short application form above my website. This will allow me to start analysing your scenario and get back to you as soon as possible. Thank you very much for considering my services and I look forward to helping you soon!
Jesse
Mortgage Agent
1(888)878-4660
homeloans@jessebrun.com