Non-institutional (personal) money lending secured by a mortgage
Private Mortgage Money – To Lend
If you are even remotely interested in investing personal or RSP savings into a mortgage product, please contact us for further information. Investment security is key and essential for financial stability and future growth of an investment portfolio.
Private Mortgage Money – Wanted
Now to the other side of the fence.
Private mortgages is an option available for those borrowers out there who simply do not qualify for ANY institutional financing. There can be countless reasons for the necessity to use private funds. Generally speaking, however, the lending of private funds is a short term solution with a long term goal of refinancing into institutional money. “Short term” may be defined as a period of time from 1 to 3 years.
For our purposes at Genesis Associates Ltd.
|Lending area:||Burlington to Oshawa, north to Barrie|
|Loan percentage:||Up to 80%* of Purchase Price or Appraisal Price* from a registered CRA or AACI Apppraiser|
|Position:||1st or 2nd mortgages|
Residential only, single family owner occupied.
|Rates:||Contact us as the rates do change|
|Time to funding:||Generally 5 business days after appraisal completed|
|Past Mortgage Situations:||Notice of Sale|
Statement of Claim
Power of Sale
Purchase or Refinance
Credit Debt Consolidation
No verifiable income
Bankruptcy or Consumer Proposal
And many more!