Same-Day Approval, Funds in 2-3 Business Days. Private Mortgages in Calgary

If you're facing challenges securing a traditional mortgage due to bad credit, low income, self-employment, or property issues, we’re here to help! While traditional banks and financial institutions may turn you down, private mortgage lenders in Calgary provide an alternative: private mortgages funded by individuals or private groups.

Enjoy same-day approval and receive your funds within 2-3 business days (terms and conditions apply), with a maximum turnaround of two weeks. Call us today to close quickly!

What Are Private Mortgages?

Private mortgages provide a viable financial solution when traditional mortgage lenders aren’t an option. They are ideal for situations such as:

-Investing in properties with unique challenges (e.g., fixer-uppers)
-Self-employed individuals with fluctuating income
-Insufficient down payments
-Credit issues

Unlike conventional mortgages, private mortgages typically come with higher interest rates and shorter terms (6-12 months). To secure a private mortgage, borrowers usually work with a mortgage broker who connects them with the right lenders.

Benefits of Private Mortgages:
-Fast Access to Funds: Perfect for time-sensitive opportunities.
-Flexible Terms: Tailored solutions to accommodate a variety of financial needs.

Who Can Benefit from Private Mortgages?

Real Estate Investors: Investors looking for financing to purchase rental properties, flip houses, or invest in commercial properties.

Self-Employed Individuals: Private lenders often offer more flexible income verification, making them an ideal choice for those with fluctuating earnings.

Borrowers with Credit Issues: While private lenders still assess creditworthiness, their requirements are generally more lenient than those of traditional banks.

First-Time Homebuyers with Challenges: Although less common, private mortgages can be an option for first-time homebuyers facing difficulties, though they may come with higher interest rates.

High-Net-Worth Individuals: Borrowers with significant assets but limited cash flow who need bridge financing or short-term loans.

Private Mortgage Process

1. Connect with Us Share your financial details and loan needs. Our mortgage broker will evaluate your situation and identify the best mortgage options for you.

2. Get Approved We’ll review your application and work quickly to secure your approval. Our efficient process ensures you’re kept informed throughout, helping to speed up your mortgage approval.

3. Receive Your Funds Once approved, you'll receive your funds promptly. Our streamlined disbursement process ensures quick access to your money, so you can proceed with your plans without delay.