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PRIVATE MORTGAGES          

I Finance Construction specialize in private lending:

  • Your OK if your income is self declared, pension, self employed, contributory income from extended family, rental income;
  • Your Loan to Value is ok up to 90% in the GTA on a case by case basis;
  • If your beacon score (credit score) is rejected or very low, we are OK with that depending on the equity you have in your property;
  • Minimum broker fee begins at $1700.00, maximum is 1.50% of your loan amount;
  • Rates for private 2nd mortgages begin at 10% up to 15% depending on your application and the Lender I send your application to;
  • International Investors qualify for secondary financing on purchases and refinancing to a maximum of 82% loan to value;
  • Condominium are OK for 2nd mortgages;
  • Cottages are OK for 2nd mortgages;
  • 3rd mortgages are OK and often we time these to mature with your 2nd and pay out your 2nd;
  • Your term can be for 6 months and usually for one year;
  • Lender Fees apply and are negotiable;
  • We have very reasonable legal fees;
  • Construction Financing is available behind a bank first mortgage;
  • Quick closings!  We can close in a few days;

 

When you contact Jacqueline Hilchuk for a private mortgage your dealing with a Principal Broker who can sign the Disclosure for the Investor.  Dealing direct with the Principal Broker saves you time and fees.  All mortgage agents and brokers need a principal brokers approval and underwriting to get your deal funded.  I look forward to consulting with you for your private mortgage. 

 


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