Matthew Gottfried

 Private mortgage lenders serve as an alternative funding source, usually for borrowers who are unable to secure traditional loans.

Borrowers may opt for private mortgage lenders due to the following reasons:

📌 Poor credit - Private lenders are more flexible than traditional lenders and willing to work with borrowers who have a low credit score or a history of missed payments.

📌 Self-employed or possess an irregular income - Private lenders can be more accommodating as they consider criteria such as the property's potential value.

📌 Individuals seeking short-term loans - Private lenders offer short repayment periods, making them a viable option for those anticipating the arrival of other funds, such as a bonus, inheritance, or proceeds from a house flip.

If you have any inquiries or believe that a private mortgage is a suitable solution for you, reach out for more information.

https://www.mortgagewithmatt.ca/