Private Mortgage in BC

A private mortgage in BC are short term high interest loans that are meant to solve a financial problem. They are a loan of last resort if you will however they do serve an important purpose. Clients who take private mortgages in BC usually do so due to damaged credit, insufficient income to service their debts or issues with their property which make it difficult to finance. Private mortgage lenders mainly qualify clients on the amount of equity in their homes with all other factors being secondary.

If you find yourself in a situation where you need to borrow against the equity in your home but are having trouble doing so, a private mortgage in BC may be the solution. The interest rates on these loans are fairly high and the lender usually charges fees to set them up however to those who need the loan it is a small price to pay. At Verico we make sure that your situation will be better if we arrange a private mortgage for you and that there is an exit strategy to get out of the mortgage in a timely fashion. A private mortgage in BC provides a short term fix but they are not the long term solution to your financial situation. Call one of our BC mortgage brokers today to discuss whether a private mortgage may be the short term fix you need to get you back on track.

Private Financing in BC