Private mortgage lenders in Ontario ensure low rates and better flexibility.

When it comes to buying a home, obtaining a mortgage isn’t really an option. It’s a necessity. However, working with a big bank or financial institution doesn’t have to be the only option open to you. Private mortgage lenders in Ontario might be a better way to go. What’s a private mortgage lender and what benefits do they offer?

Simply put, a private mortgage lender is an individual or business willing to loan a homebuyer the money needed to purchase a home. These are not banks, nor are they “mortgage companies”. They’re private individuals and organizations. This means several things.

First, because they’re not actually banks, they have a great deal more flexibility in the risks they’re able to take on. First time home buyers, buyers with no credit, and even home buyers with bad credit can find the funding they need without a lot of hassle or hoops to jump through.

Second, they’re able to be much more flexible in their terms. This can mean many things, from a shorter loan duration to lower interest rates to funding that’s a better fit for business owners or self-employed individuals.

Of course, the catch here is that you need to not only get your information in front of private mortgage lenders in Ontario, but you need a way to compare, contrast and choose the best option for your specific needs. That’s where Mortgage Captain comes in. We specialize in connecting homebuyers with private mortgage lenders in Ontario. With our help, not only can you locate different private lenders, but you can compare their offerings and choose the right one for your specific needs.

Contact Mortgage Captain today to learn more about how we can help ensure that you’re able to get the right mortgage with the ideal lender by calling 613-296-3892.