Lets face it, sometimes life throws us some curve balls. Things do not go as planned, relationships break down, we lose a job or simply things just happen and we get behind in our financial obligations.

If you have equity in your home, typically we can get private funds 1st or 2nd mortgage of up to 80% of the appraised value to pay out any Mortgage Arrears, Property Tax Arrears, CRA Arrears or any Judgements or collections. If your property is more rural you can expect we can only get up to 65% of the equity out. If your property is in a larger city, sometimes depending on the overall situation we have lenders that will lend up to 85% of the appraised value.

Since Mortgage payments report to your bureau, Banks and other lenders 99.9% of the time won't even consider a mortgage for you.

With a Stratford Private lender, we listen to your story and try and understand the circumstances.We create a plan so that it will essentially put you in a better financial situation.

Private financing is more expensive and you can expect to pay a lender and broker fee along with Legal and appraisal costs. But sometimes this is necessary short term to pay off any bad debts in order for a Bank or A lender to consider a mortgage for you down the road in 1-2 years.

I will review your entire situation and give you an idea of what to expect.