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What Are Private Mortgage Loans? Private mortgage loans are granted by private lenders unlike banks or conventional financial institutions. These short term loans do not require homeowners to pay the mortgage principal. Simply put, you only have to make the interest...

There are many reasons to consider mortgage refinancing to replacement your existing mortgage loan with another lender under different terms. A borrower in Canada may consider refinancing his or her loan for diverse reasons. If you’re not sure whether you should go...

        At mortgage renewal time, it is important to keep in mind that all financial institutions are about making a profit. Unfortunately, according to the Canada Mortgage and Housing Corporation (CMHC), between 60-70% of Canadians...

        You just never know when or why you might need a lot of money for something other than a straightforward mortgage for a home to live in. Perhaps you need money quickly for a very specific purpose that will never satisfy the requirements for...

        When purchasing, refinancing or selling your home, you will need the services of different professionals from the first step to the closing. You may be required to hire a realtor, a survey or other professionals to ensure the procedure runs...

In life, you may come across some unexpected cost and you may choose to skip one or two mortgage monthly payments to save you from the situation. For this reason, most private mortgage agreements have a privilege clause for you to skip a mortgage payment. The question...

        The first thing you’ll need to decide if you are going to buy a home is how much you can afford to borrow, this especially important if you are looking for a 1st time home buyer mortgage. The interest and mortgage types play an important...

If you have bad credit and you’ve been turned down for a mortgage by the major banks, there’s still hope: lots of home loan options exist for this class of borrowers. Many private and institutional lenders specialize in mortgage products for persons with bad credit...

        When buying real estate, you will find that mortgage rules have become tougher recently and home prices are rising at a steady rate, making it difficult to purchase. A recent increase in mortgage rates by Bank Of Canada make it even tougher...