JESSE BRUN

Private Mortgages in Cobourg are normally done by using a mortgage agent. To get a private mortgage in Cobourg a person needs a lot of equity in their home or a big down payment if purchasing. Private mortgage lenders who lend in Cobourg will typically provide short-term mortgage financing for 1 or 2 years. In most cases, private mortgage lenders will borrow up to 75% value of the property being used as collateral(mortgage will normally not exceed 75% value of the property unless the population of a city is over 500,000). Private mortgage lenders prefer to finance properties which are located within city limits however they will borrow in small towns or rural areas as well. The lender may only borrow up to 50 to 65% value of the property when financing outside of the city especially in rural areas.

The private lender puts more emphasis on the properties’ equity instead of focusing on a person’s credit history, income, etc. This is why private mortgage financing is also known as equity lending. Getting private mortgage financing can be very helpful and crucial in some situations. Private mortgage financing is often used to pay off judgements against property, settle income tax owed, renew mortgages, pay estate settlements, stop foreclosures, pay off major collections, do commercial projects, and more. If you are 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 me anytime at 1(888)878-4660 or fill out the short and quick application form above my website. Thank you and I look forward to helping you soon!

Jesse

Mortgage Agent

1(888)878-4660

homeloans@jessebrun.com