Private Mortgage FAQ

Private lenders have become increasingly important in mortgage financing. In recent years there have been many changes to the rules which affect the way banks and trust companies can lend. These changes have ultimately led to tougher guidelines which have impacted borrowers in a big way. These days it is really important to have private lenders who can help especially when your bank cannot.

Here at Bayfield Mortgage Professionals Ltd., we have our own in house lenders which are considered private lenders. We manage a huge amount of money on behalf of these privates. If for some reason one of our in house lenders cannot help we have a large network of other private lenders who might be able to lend money.

Private lenders for the most part are not focused on credit or income. Their main focus is house equity lending. So with this, if you have sufficient equity in your home you can most likely get a private mortgage. 

No two private lenders are the same. We know a lot about this area and would strongly recommend you contact us about your private lending needs. Our private lenders are the most competitively priced. Our renewal terms are better than most. We offer full disclosure so there isn't any hidden costs or fees. We also know which lenders not to go to which I think is really important.  Mortgages in this area are priced according to perceived risk, location and loan to value. 

Private mortgages can help in the following situations as long as you have enough equity;

• Debt consolation
• Mortgage arrears
• Property tax arrears
• Foreclosure
• Income tax arrears
• Home renovations
• Investment property purchase
• House purchase
• Judgements
• Consumer proposals
• Bankruptcy's
• Much much more.
• Contact me if you want to know about your situation 

Key Benefits

• No income qualifying
• Not reliant on credit
• Quick funding
• Money can be used for just about anything
• Bad credit is ok
• Bankruptcies are ok
• Consumer proposals are ok
• Foreclosure are ok
• Quick approvals

Shawn Mooney |Bayfield Mortgage Professionals Ltd.

Broker of Record

Your Mortgage Broker for Life

Bus. # 403-945-8769 | Mobile # 403-828-1838

Email: mortgages@shawnmooney.com

Website: www.shawnmooney.com