Quick Responses and Eager to Help
"People borrow money for many different reasons and everyone's situation is unique.
It's more difficult now than ever to qualify with Banks and Credit Unions.
I specialize in outside the box mortgage loans and have been helping Canadians find their own solutions for over 21 years.
Let's see if I can help you too !
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Helping Canadians Since 1999
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Rick Jorek
Member of Mortgage Professionals Canada
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- For those who don't meet the requirements for a bank or credit union we have solutions for you.
- We have strong relationships with private individual investors and groups across Western Canada who invest in mortgage loans.
- You can choose to pay interest-only payments or blended payments to pay down the amount owing over time.
- Normally a private lender mortgage is a shorter term solution to solve a need then we can work together to refinance to a lower interest rate at the end of the loan or sooner.
- Rates range from 5.99% to 10% normally depending on the property details and quality.
A lot of people have a need for extra money now and then. It could be to pay off a tough debt, for a purchase they want/need to make, or even something fun.
Using the equity in your property can be useful and the qualifying is much easier than an unsecured loan or line of credit.
A 2nd mortgage goes behind your current mortgage on title and combined can be up to an approx max of 80% of the market value of the property. Terms will depend on the property itself.
Call text or email to discuss.
Business and income property owners have their own sets of mortgage needs.
I have very strong relationships with Business Development Managers at banks, national Commercial Lenders, and with Private Investors who focus on Commercial Properties.
Let's talk about what you need and what you hope to accomplish and let me help you get it done.
Combining several debts into one lower payment is something that has been helping Canadians arrange their day to day lives for a very long time. The bank rules can make this very challenging.
We can look at your big picture and find a new mortgage that solves the issue and take some of the stress off your shoulders.
Every situation is different and the solutions can vary from simply a new bank mortgage to a 2nd mortgage from a private lender with lower interest-only payments.
Let's talk and see what we can do for you
Self Employed clients have some unique challenges. I know this all too well as have been one of them since 1994. We have great B or Alternative Lenders who have programs just for you. These lenders understand your world and that self employed income proving is different than for a salaried employee.
Alt or Private Lenders can get you where you need to be.
Shoot me a text or call to discuss
Bad Credit
Yes there are still mortgage lenders for you!
If your credit has been damaged I can still get you refinanced or access equity from your home for a 2nd mortgage.
The existing equity in your property is the security that a private lender will base their lending on.
- Bankruptcy
- CRA Arrears
- Notice to Creditors
- Foreclosure
Ready To Help You
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Private Lender Mortgages
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2nd Mortgages
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Commercial Lender Mortgages
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Stop Foreclosure
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Bad Credit Mortgages
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Equity Based Lending
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Self-Employed Programs
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Debt Consolidation
Why Clients Work With Us?
We Work Hard to Get You the Best Terms Possible
We're Flexible and Available Quickly
We Will Always Be Honest
Have Been Around a Long Time
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WHAT IS A SECOND MORTGAGE?
A Second Mortgage is another common term for a Home Equity Loan. Your first mortgage is the one obtained when you purchased your home. Another mortgage obtained after a first mortgage falls under the umbrella term Second Mortgage but can also be called third mortgage and so forth. Taking an additional mortgage on your home is not a small decision. Feel free to contact me for more info.
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WHAT IS A BAD CREDIT LOAN?
It is possible to get a loan even if you have a poor credit score, self-employed, have a bad credit, or have a bruised credit as long as you are a homeowner with home equity.
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HOW CREDIT SCORES WORK?
Credit ratings rank people based on the level of risk they pose to the lender. We can work together to help repair your beacon score so that we can get you back to lower rates ASAP
