Why Choosing Private Mortgage Lenders is

the Best Decision?

Do you desperately want your mortgage loan to be approved? Getting you the peace of mind that
you want? But you keep getting rejected or put on a waiting list from many commercial banks?
Then!!!
Remember! Banks can reject your mortgage loan if:
 You have an unsustainable debt ratio against your income.
 You are unable to follow a strict payment plan.
 Your wanted property is unique and has suspicious resale value.
 You have a history of bankruptcy.
 You cannot pay a high down payment.
 Your credit score is not meeting the bank’s approval criteria.
 You are applying for a second mortgage.
 Your income source is non-conventional.
 Your average income is relatively low.
 You cannot provide the required documents because you have none.
Don’t worry or sweat yourself by going to banks again and again only for rejection!
You can always choose private mortgage lenders and remove all your troubles. Plus, it would
be a wiser decision for you.
How?!!!
Read on!

Minimum bureaucracy
Banks approve your loan after getting all the required documents that are reviewed by multiple
officials. Any officer can put any valid objection on your documents. Plus, the document
verification process is also a hurdle for you. In short, you get a loan after a long bureaucratic
process that consumes time and effort.
On the other hand, private lenders have the authority to approve your loan without any long
process. You only have to deal with one or two persons.

Flexibility
Banks have to follow strict corporate policies. They only provide specific loan packages where
interest rates are fixed, no bargaining on down payment and payment plans, and you cannot
layoff late payment penalties by any means.
Private lenders are flexible. They customize loan packages according to your needs, and you can
even bargain for interest rates, down payment, and payment plan options.

Risk tolerance
Private lenders will give you a loan for high-risk properties, and even if you do not have a
conventional source of income. But banks will reject your application on a slight risk.

Faster lending
Banks will take time and approve your loan in several months. But private lenders approve loan
applications in a matter of days.

Personalized customer care

Banks will treat you just as a number. But private lenders will treat you as an individual and
remember you. Plus, they will hear you and might accept your late payments without penalties.

Wrap up
Do not get bashed by strict commercial bank officials! Decide what’s best for you and put loan
application to private mortgage lenders Ontario. Have a great day!