Fast Private Mortgages
Alex Lavender works for you not the banks.
Have you been turned down by your bank? If so Alex has a wide array of alternative lending solutions to help.
Get your free consultation with Alex to discover what options are available to you.
Get in touch today or see below for what options we offer.
Start Here:
Private Mortgage Lenders
Private mortgage lenders are corporations and individuals that lend out money and are willing to take a higher risk. Typically private mortgages are shorter and come with higher interest rates and fees than traditional lenders. They are meant to be a temporary measure for your situation to help you get back to a traditional lender.
Private Mortgage
Private mortgage lenders have realized that conservative lending rules by big banks exclude many people who CAN pay back their loans.
That’s where private mortgages fill the gap.
Our private mortgages are typically shorter term 1 – 3 years. This is a great solution for someone needing fast approval and financing for your dream home.
Private Second Mortgages
A private second mortgage is additional financing taken out against a property that already has a home loan on it. Second mortgages can be an ideal option when you want to consolidate debt, borrow for a second property purchase, or obtain funds for renovations or investments.
Testimonials
Alex was wonderful to deal with for our mortgage. He was responsive immediately and dealt with all our questions. It was a pleasure to deal with Alex and... read more
kim CainesDecember 20, 2022
I had a great experience getting my mortgage through Alex Lavender! Very professional, knowledgeable, snd people oriented. He was very informative, and efficient to make everything come together! I would... read more
effy peelDecember 20, 2022
It was a real pleasure working with Alex. He was always available and fast to answer all of our questions. When others were saying we could not get a mortgage,... read more
Melissa PoitrasDecember 20, 2022
Private Mortgage Requirements & Options
Bad Credit
- All credit scores accepted
- $200,000 minimum property value
- Purchases – 20% down payment required
- Refinances – up to 80% of the house value
Learn more about our bad credit mortgages here.
Private Mortgage Lenders
- Private lenders for your house
- Short term lending solutions
- We provide a large selection of private lenders
- All credit scores accepted
To Get The Best Rates:
- Minimum credit score of 600
- Down payment starting at 5%
- Employment required
- House price must be at least $200,000
Contact your mortgage broker today to learn more about getting the best rates.
How Private Mortgage Brokers Work:
- FREE to use, we work for you, not the banks. Giving you the ability to choose between multiple lenders and compare rates side by side.
- Mortgage expertise, by working with a variety of lenders we have all the experience you need. We’ll do the heavy lifting to let you choose the loan that is the best for you!
- Efficient, we use your information to pull real mortgage approvals from multiple lenders. You can get mortgage rates from all the banks and lenders all in one place.
Meet Alex Lavender:
Alex Lavender is and Accredited Mortgage Professional (AMP) the author of “Mortgages For Millennials” and has been providing services as a mortgage broker for years.
He takes pride in helping Nova Scotians purchase their first homes, refinance their current homes, or obtain a loan when no other options are available.
Alex listens to your situation and uses the necessary information to provide you with a variety of options from different lenders, including the big banks.
Private Mortgage Types
What is a private mortgage?
A private mortgage is loans from wealth individuals or private corporations that provide short term mortgages for 1-3 years. As these are private institutions they are not restricted by the same financing red tape that big banks have, so it may be easier to qualify for one.
When is it a good idea to get a private mortgage?
While private mortgage lenders require higher interest rates than traditional mortgages there are situations when it’s worth considering. If you have poor or no credit history (like newcomers to Canada), if you’re self employed, if you need the money quickly and can not wait for a traditional lender, or if you are struggling to get approved traditionally and need a loan to bridge the gap.
What can a private mortgage lender do for you?
When traditional loans have too much red tape, private lenders become available. For self-employed mortgages and newcomers to Canada these loans can be very helpful.