Private Mortgage Lenders in Montreal
Welcome to Guardian Financing – Your Premier Source for Private Mortgage Solutions & Expert Guidance
Navigating the complex landscape of traditional lending can be challenging, which is why Guardian Financing is here to help you quickly acquire a private mortgage tailored to your specific needs. As distinguished private mortgage lenders in Montreal, we’re focused on providing personalized, high-quality services designed to address your unique financial requirements. Our expert guidance will ensure that you make well-informed decisions in today’s ever-changing market.
Why Trust Guardian Financing for Private Lending in Montreal?
Our proficient and knowledgeable team is dedicated to identifying the most suitable solutions for you, making us the best choice for private lending in Montreal. We take pride in understanding your individual financial circumstances and objectives, ensuring a streamlined and hassle-free borrowing experience.
Leveraging our extensive experience in the Montreal real estate market, we provide valuable insights and advice to help you make the best possible decisions when it comes to private mortgages.
With a comprehensive network of reputable investors at our disposal, we can confidently offer you the right the solution , tailored to your needs. This enables us to secure financing and help you leverage your equity, thus allowing you to achieve your financial objectives.
Recognizing the importance of timeliness when obtaining financing, we provide you with efficient and effective access to private mortgage funds, allowing you to quickly achieve your goals.
We believe in fostering open communication with our clients throughout the entire private mortgage process. We will keep you informed and engaged at every stage, from the initial consultation to the final closing.
Your satisfaction is at the heart of our mission. We strive to establish long-lasting relationships with our brokers and clients by consistently exceeding expectations and delivering exceptional service.
Your Partner for Private Loans in Montreal
Whether you require funds for a property purchase, debt consolidation, bridge financing, tax payments, or a home improvement project, Guardian Financing is your trusted partner for private loans in Montreal. Consult with us today to explore your options and unlock the potential of private mortgage financing. Benefit from our expert guidance and comprehensive real estate knowledge, and navigate the Montreal property market with confidence.
Ready to embark on your journey? Contact us now at (514) 700-3121,3121 or submit an online inquiry to set foot on the path towards financial freedom with GuardianFinancing.ca – Your Montreal Private Mortgage Lender, for Expert Guidance.
Mortgage Brokers
Benefit from various financing options for your clients in need of liquidity, and save more files. You can submit your files via Filogix, Velocity or Lendesk. Alternatively, call or email us to discuss your files before submitting.
Here are various reasons why a private mortgage may be right for you:
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- Credit Problems: A private mortgage offers an alternative for those with credit issues, using property as collateral, potentially bypassing strict credit checks.
- Heavy Debt (Debt Consolidation Mortgage): Combines multiple debts into one, easing financial burden, with property as security.
- 60 Days Notice: A private mortgage can provide quick financing within a 60-day notice period, enabling timely property purchases, lease terminations, relocations, legal settlements, or investment opportunities.
- Back Taxes: Private mortgages can help settle tax debts, using property equity to resolve financial obligations.
- Construction/Renovation Loan: Utilizes property equity for construction or renovations, providing funding based on the property’s value.
- Business Investments: A private mortgage can finance business ventures, leveraging property value for investment capital.
- Funding Until Home is Sold: Provides short-term financing secured by property, bridging financial gaps until the property is sold.
- Legal Hypothec (Lien): A private mortgage secures legal interests in property, providing a means for creditors to recover debts.
- Property Flip: Investors use private mortgages to purchase, renovate, and sell properties quickly, leveraging property equity for profitable flips.
Guardian Financing is a premier private mortgage lender in Montreal, determined to provide our clients with the best financial solutions!
Recently Funded Deals
Semi-Commercial in Downtown (Bridge Funding)
Loan Amount: $1,050,000
Semi-Commercial in Plateau Mont-Royal (Tax Arrears + Debt Consolidation)
Loan Amount: $220,000
Triplex in South West (Purchase)
Loan Amount: $700,000
12 UNITS in Plateau Mont Royal
Loan Amount: $915,000
A private mortgage loan, also known as an equity-based loan, uses the value of your home as collateral. A private mortgage can be of first or second rank, depending on whether there is already an existing mortgage on your property. A mortgage of second rank, can be referred to as a second mortgage since the purchase loan is the first mortgage, secured by a lien on your property. A second mortgage, or home equity loan, means borrowing money against the portion of your house that you own. The portion that you own is known as equity, and it may be used to pay off smaller loans or bills, including credit card debt.
The capital derived from the equity in your home can fluctuate, but generally grows over time. Equity can change in several ways. First, monthly payments on your loan will reduce your overall balance and strengthen your investment. Second, your home’s value may increase in a booming real estate market, or rise due to upgrades or improvements. Finally, your home can lose value, or you can borrow against your home, thus reducing its worth.
A second mortgage is a great way to raise collateral for any number of purposes. Securing a private mortgage from a traditional source like a bank, however, can be challenging. For many, the best course of action is to rely on a private second mortgage lender. This way, you can benefit from expediency, flexibility, and more competitive interest rates on top of all the advantages taking a private mortgage offers. Contact us to secure your private mortgage today!
A mortgage of second rank is commonly referred to as a second mortgage since the purchase loan is the first mortgage, secured by a lien on your property. A second mortgage, or home equity loan, means borrowing money against the portion of your house that you own, which is referred to as equity. The capital derived from the equity in your home can fluctuate, but generally grows over time.
A second mortgage is a great way to raise collateral for any number of purposes. Securing a private mortgage from a traditional source like a bank, however, can be challenging. For many, the best course of action is to rely on a private second mortgage lender. This way, you can benefit from expediency, flexibility, and more competitive interest rates on top of all the advantages taking a private mortgage offers. Contact us to secure your private mortgage today!
Many types of second mortgages exist, but the three most common types are:
Lump Sum
This type of second mortgage provides a lump sum to borrow and use for any reason. The loan is paid off gradually over time, with fixed monthly payments. Each payment covers a part of the interest accrued, as well as a portion of the principal loan balance. This payment process is known as amortization.
Line of Credit
This type of loan does not require a specific amount of money to be taken out, instead allowing you to access a maximum borrowing limit specified by your lender, and the value of your home. Similar to a credit card, you can borrow money and make multiple repayments.
Rate Choices
The different rates available vary according to the type of loan chosen, and what is offered by your lender. A fixed interest rate will remain the same for the life of a loan, while a variable interest rate will fluctuate according to market value.
Loan Amount
Private mortgages allow you to borrow significant amounts of money against your home’s equity, allowing you access to more capital than using your home as collateral would permit. The maximum loan amount will factor in all of your home loans, including your first and second mortgages, but can rise as high as 80% of your home’s value.
Low Interest Rates
Private mortgages typically boast far lower interest rates than other loans. By securing the loan with your property, you reduce the risk for your lender, allowing them to offer you lower interest rates. These interest rates often dip into single digits.
Tax Benefits
A deduction for the interest paid on a private mortgage may be obtainable. To find out if you qualify, discuss the matter with your accountant and learn about the available options.
Flexible Payment Arrangements
Taking out a private mortgage allows you to extend your amortization, or the length of time you have to repay the loan. As such, it is possible to scale your monthly payments according to your income.
There are many benefits to using a private lender instead of a traditional source, such as a bank, when taking out a private mortgage loan:
Easier Qualification
It is much easier to qualify for a private mortgage than it is to qualify for a traditional loan. Traditional lenders are required to use stringent guidelines, which disqualify all borrowers except those conventionally considered low-risk. Private mortgage lenders, conversely, avoid focusing on strict standards related to credit history, considering property value as the main factor in loan approval. Furthermore, a borrower’s assets, income, and general ability to manage a mortgage are taken into account.
Expediency
Securing a private mortgage is typically a tedious and lengthy process with banks, involving extensive documentation, credit and background checks, and proof of income. This can disqualify many borrowers, including the self-employed and new immigrants. Private lenders, however, have more flexible standards, simplifying the process and making it inclusive. They request only essential information for quick lending decisions. Consequently, private mortgage lenders offer fast financing with reduced approval and processing times. Private mortgages can often be secured in just days.
Flexibility and low interest rates
Since private mortgage lenders, as opposed to banks, are not restricted by regulatory standards, they can offer more flexible financing solutions, specific to the requirements of a given borrower. Unlike banks, a private mortgage lender can offer a range of interest rates, rather than a set rate, and are permitted to finance a number of property types. This makes a private mortgage ideal to a broad set of borrowers.
Premier Private Lenders in Montreal
At Guardian Financing, we understand the complexities of traditional lending. That’s why we’re dedicated to simplifying the process by offering tailored private mortgages in Montreal. Our commitment to personalized, high-quality service ensures that your unique financial needs are met with expertise and care. Trust us to guide you through the ever-changing market landscape, empowering you to make informed decisions, with confidence. Discover why we’re considered premier private lenders in Montreal!