JESSE BRUN

Private Mortgages in Ontario are normally done by using a mortgage agent. To get a private mortgage in Ontario a person needs a lot of equity in their home or a big down payment (if purchasing). Private mortgage lenders who lend in Ontario will normally provide short-term mortgage loans for 1 or 2 years. Many private mortgage lenders will borrow up to 75% value of the property being used as collateral if the property is located within a major city(mortgage approval will usually not exceed 75% of the value of the property unless the population of that 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.

Private lenders put more emphasis 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 financing. Getting a private mortgage can be very beneficial and crucial in some situations. Private mortgages are often used to pay off judgements against property, settle income taxes 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 to get the process started immediately. Thank you and I look forward to helping you soon!

Jesse

Mortgage Agent

1(888)878-4660

homeloans@jessebrun.com