Borrowers who are unable to meet the lending Criteria for Banks & B Lenders whether for lack of declared income or lower credit scores, look towards private mortgages as an alternative resource. Private Mortgages are a temporary solution to bridge the gap. It allows clients to purchase or refinance their mortgages while working on improving their credit & income.
Private Mortgage can be a first mortgage, second mortgage or a home equity loan. These home loans are based more on equity in the property and are Not qualified based on credit history or beacon score. Private Lenders do not require income confirmation for GDS/TDS; however affordability must be proven with flexible income documentation. We offer the most competitive private mortgages up to 85% (exceptions on 90%) of your home value. Please read below for our niche in private mortgage lending…
Private Lending Products
- Lending Circle offers Direct Funding for Private Mortgages in Ontario.
- Helped hundreds of Canadians with private mortgages.
- Exclusive Capital for Home Loans to Consolidate Debt
- Experts in dealing with Mortgage/Tax Arrears, Power of Sale & Foreclosure.
- Rates as Low as 5.99% (Based on LTV)
- Exclusive First Mortgage Product to 80-85%
- Most Competitive Fees
- Funding in GTA and Urban Centres in Ontario
- Residential, Commercial & Agriculture
- Fast Closings & Competitive Terms
Second Mortgages & Home Loans
- Rates as low as 7.99% (Based on LTV)
- Funding upto to 85%(exceptions to 90%)
- Lowest Rates & Fees
- Most Cities in Ontario
- Residential & Commercial
- Same Day Commitments
Consider a Private Mortgage if…
- Have a high net worth but no job
- Wrote-off most of your income as business expenses
- Actively invest in real estate (Buying, Renovating & Selling for Profit )
- Have Irregular Income Stream
- Income declined significantly
- Consumer Proposal or Bankruptcy on File
- Have Severely Damaged Credit
Lending Circle Advantage
We take pride in arranging private mortgages with the long term financial success of our clients in mind. If you have been declined by the institutional lenders, fallen behind on mortgage payments, property tax, income tax & considering a private mortgage, call Lending Circle. We can help you maximize your equity with the lowest cost & most competitive terms.
Lending Circle has been providing funding to licensed Mortgage Brokers who are looking to source Private capital for their borrowers. If you are a licensed Mortgage Professional, please visit our Mortgage Broker Page