Private Lending Mortgage
Need Help?
Private Mortgages help those clients who typically do not fit in the box for traditional mortgage lending. For the mortgage clients who are credit challenged and do not qualify at a regular lending institution, Nova Mortgage Brokers can provide more creative financing either from an alternative lending institution or from private mortgage funds.
Private Mortgages are usually a short term solution as our goal is to get you back to mainstream financing. After a year of on time payments, we can look at refinancing you conventionally with favourable rates.
If your lending situation is unique, please contact one of Nova Mortgage Brokers today as each individual’s situation is different.
Interested in private lending?
If you have available funds that you are interested in investing, please contact us to receive information about Private Mortgage Lending.
For more information please contact John Ribalkin today or email us at priv.lend@wemortgagecanada.ca
Rates
June 7th, 2023
| Term | Nova | Posted |
|---|---|---|
| VRM | 5.80 | Prime 6.70 |
| 1 year | 6.04 | 6.19 |
| 2 year | 5.84 | 6.19 |
| 3 year | 5.29 | 6.04 |
| 4 year | 5.19 | 5.74 |
| 5 year | 5.09 | 5.69 |
| 7 year | 5.84 | 6.60 |
| 10year | 6.00 | 7.00 |
RATES SUBJECT TO CHANGE - OAC.
Please contact the Nova Team for the "best deal" to fit your application.
The Nova Team Would Like to Work With You
