Private Mortgage

Lenders in Montreal

Quick Mortgage Funding

Guardian Financing assists individuals, business owners, and mortgage brokers to obtain alternative financing.
Whether you are an individual who requires funds, a business owner or investor working on a new project, or a mortgage broker who requires quick funding for a client, if you have had difficulty getting approved by the banks, Guardian Financing is at your service. We have funds available, and can make these funds accessible to you quickly!

Mortgage brokers want to help their clients who have accumulated debt, and want to consolidate, along with those who have home renovation projects in mind, or want to start a new business. We will lend your clients the funds they require, as long as the deal makes sense!

If there is equity in your customer’s home, we will offer them access to financing solutions, even when the majority of banks won’t. Up to 75% of your client’s home of the proeprty value can be provided, in cash, in a short amount of time. Contact us for our current private mortgage rates.

If there is equity in your customer’s home, we will offer them access to financing solutions, even when the banks won’t. Up to 75% of the property value can be provided, in cash, in a short amount of time. Contact us for our current private mortgage rates.

private Mortgages

Were your clients declined by the bank?

We have a solution!

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Bridge financing

Our Lending Criteria

Locations
The Greater Montreal Area (Island, South shore, North shore and West Island).
Property Types
Residential (Single Family, Duplex, Triplex, Condo’s), and Multi-family properties.
Loan to Value
Up to 75% of the Fair Market Value.
Loan to Amount
$50,000 to $3,000,000
Loan Positions
First and Second Rank
Loan Terms
6 to 12 months.
Payment Type
Monthly payments of interest only.
Our goal is to provide you quick, efficient and honest solutions!

The Benefits of Private Mortgage Lenders

If you plan to buy a new home, securing a mortgage is necessary. While some have the luxury of easily obtaining a mortgage from a traditional source, such as a bank, others do not. Banks often discriminate against certain borrowers, such as young adults or the self-employed, making it challenging for them to obtain a mortgage. For many individuals and mortgage brokers trying to best serve their clients, their best option is to work with a private mortgage lender. This type of lender offers a host of benefits including, but not limited to, flexible terms, an easier qualification process, and quick access to funds. Let’s explore what a private mortgage is, and the many ways it can benefit you.

A private mortgage is a mortgage that is funded by a private entity such as an individual, a group of investors, or a private financial institution, rather than a traditional bank or mortgage lender. These entities are not subject to the same stringent regulatory oversight as banks and other traditional lenders, so they can offer loans to individuals who might not qualify for a traditional mortgage.

Private mortgages are typically short-term (1 to 2 years) interest-only loans, and private mortgage lenders usually do not base too much on your credit score, income verification, or debt-to-income ratios. The main qualifying criterion for a private mortgage is equity. The lender will usually lend up to a certain percentage of the property’s assessed or fair market value.

  • Easier Approval: The main advantage of private mortgages is that they are easier to qualify for than traditional bank loans. Since private lenders focus on the equity in the home rather than the borrower’s creditworthiness, they are more willing to take on borrowers with bad credit, irregular income, or who are self-employed.
  • Speed of Processing: As they are not subject to the same level of regulation as banks, private lenders can usually process and approve loans more quickly.
  • Flexibility: Private lenders are often more flexible concerning their loan terms and conditions. They can work with the borrower to create a repayment schedule that suits the borrower’s financial situation.
  • Debt Consolidation: With the funds from a private mortgage, a borrower could consolidate higher-interest debt into a single, more manageable loan.
  • Funds for Investment or Renovations: A private mortgage can provide quick access to cash for investment opportunities or home improvements.
  • Bridge Financing: Private mortgages can be used as bridge financing when a homeowner wants to buy a new house before selling the current one.

Private mortgages can be a beneficial solution for those who are unable to qualify for a traditional bank mortgage. However, as with any financial decision, it’s crucial to thoroughly understand the terms and conditions of a private mortgage, as these loans often come with higher interest rates and fees than traditional loans. It’s recommended to work with a trusted and honest private mortgage lender or broker, who can explain all the details and guide you through the process.

Remember, a private mortgage should be seen as a short-term solution, used to improve credit, consolidate debt, renovate your home, or navigate through a temporary financial situation. Once your situation stabilizes, or your project is complete, you should look into more affordable and long-term financing options. Guardian Financing can help guide you through this transition, and will provide advice throughout your entire trajectory.