A buzzing community, Brampton is one of the most diverse and populated cities in Canada. Primely located near Pearson Airport and packed with amenities, the city has attracted residents and businesses alike.

Eager to get their hands-on real estate in this fast-growing city, people are exploring their options. Yet, the hefty price tags on homes in Brampton are causing many to seek alternative mortgage financing options. Mortgage financing can also allow you to consolidate debt and pay it down more efficiently. As a result, private mortgage lenders have become an attractive option.

Benefits of Private Mortgage Lenders

• Flexible financing options
• Speedy process
• Credible source of funds

Private Mortgage Lenders Offer Flexible Financing Options

The Federal Government’s regulations have caused financial institutions to tighten their purse strings and become stricter with loan qualifications. Those who have poor credit scores or other liabilities may be turned down for a loan. This has left many people unable to secure traditional financing for a home in Brampton.
Private mortgage lenders on the other hand are often more flexible, and may have a higher risk tolerance. They base their decision to give you financing on less stringent criteria. If you have a less than stellar credit score or are self-employed you may still be able to secure the mortgage financing you need. They may also have more freedom and control to approve your application versus traditional institutions which may need to seek approval from higher authoritative bodies.

Private Mortgage Lenders Help You Get the Financing You Need – Fast

The fluctuations of the real estate market mean things change quickly. Time is of the essence when trying to secure the home of your dreams in Brampton or you need to pay down debt. Yet, traditional lenders often have a lengthy application process for obtaining mortgage loans. This can be time-consuming and delay you in getting the capital you need. However, private mortgage lenders often have more efficient processes that can get the money in your hands – fast!

Private Mortgage Lenders are Credible

Some people may be hesitant to go beyond traditional financing options. Although, it’s important to know that many private mortgage lenders are secure and credible. Private lenders are licensed professionals who have years of experience in the mortgage industry.
The source of the private mortgage funding may be from the lenders personal savings or money from a pooled MIC (mortgage investment corporation), where money is taken out of registered pool will multiple investors.

Why Choose Canadian Mortgage Services to Find a Private Mortgage Lender in Brampton?

We’re passionate about helping people establish roots in the great city of Brampton – since we’re from here too!
A mortgage broker can be your best partner for finding the right mortgage financing for you. Since 1988 Canadian Mortgage Services has helped thousands of clients get the privately funded mortgage they need in Brampton. Get in touch with our team and we’ll help you get the mortgage loan you need to secure you dream home, eliminating debt, and freeing up cash flow.