At Team Jardine, we are an experienced group of mortgage brokers who specialize in providing private lender financing in NB. A NB Private Lender provides short term mortgage financing (1 to 2 years) to a person who has lots of equity in his/her home or commercial property. In most cases, a Private Lender will borrow up to 75% value of the property being used as collateral (mortgage will normally not exceed 75% value of the property.) The NB Private Lender looks at the home equity instead of credit history. This is why private mortgage financing is also known as equity lending. Getting private mortgage financing can be helpful and needed in severe situations. A Private Lender also tend to have faster closing times because the banks have more paper work and different departments you have to go through. You know how it is with the banks!
Why should you contact a NB Private Lender?
You should consider contacting a NB Private Lender if you have tried traditional methods of borrowing and have had no luck.
If you are looking for any kind of mortgage financing our mortgage brokers will be happy to help you. We answer your questions and analyze your personal situation to provide you with the best unbiased options available to you.
The following are some examples of why someone may not qualify for a traditional mortgage:
- Illness, marriage or breakups
- Job loss
- Self employed
- Credit Issues
- Bridge Financing
- Revenue Canada
- Bank Turndowns
- New to Canada
- Land Developments
Even though private lender mortgages could be a short term option, it could fill the gap and bring long term gains! We are here to help you in any way that we can. If you are looking for a NB Private Lender, send us an e-mail at firstname.lastname@example.org, call us at 506-471-1289 or chat with us below.