What is Private Lending?
Private lending is a type of investment that has been prevalent for many years. Private lenders are Mortgage Investment Corporations (MIC) or individuals with a large amount of funds who agree to loan another person a specified amount of money. This funding is on loan with the knowledge that it will be paid back in full with added interest payments to the private lender. The details, as well as terms and agreements of private lending, will vary for each case. An agreement is made that includes the length of the loan and the terms of payment. Each private lender is unique and has specific qualifications for loan agreements.
Private lender mortgages are ideal for:
- No proof of income
- Debt consolidation and credit repair
- Ex grow-op properties
- Legal grow-op properties
- Mobile homes
- Lease land properties
- Commercial financing: $100K-$100M
- Construction loans: up to 75% of the costs funded
- Land financing
- Foreclosure prevention
What is the GLM Mortgage Group?
GLM Mortgage Group, powered by Dominion Lending Centres, is your Vancouver and Lower Mainland Mortgage Brokerage service. We are always ready to move forward with you to obtain the mortgage you need with the sharpest mortgage rate available. Whether it’s a fixed rate or variable rate mortgage you are after, we are dedicated to finding the best mortgage rates in Vancouver, including Home Loans, Consolidation Loans, Lines of Credit and more. No matter what you need, our team of Mortgage Specialists will follow through to find the best mortgage product that fits your individual circumstances. Our free online mortgage calculator keeps you informed on how much your mortgage payment will be as well as show how different mortgage rates will affect the mortgage you require.As your Vancouver mortgage broker, GLM Mortgage is committed to clear communication with our clients. We make sure you are informed on all the mortgage options available to you. We call you back within 90 minutes to make sure that you have the fastest service available. We are not only available in Vancouver and the Lower Mainland, we are also available across Canada.GLM Mortgage Group is your Vancouver mortgage specialist. With over 22 years of experience in the investment industry we know how to wade through the challenging process of getting a mortgage. We provide smarter options to putting your mortgage in place. We know how important it is to have an experienced professional Mortgage Specialist available to walk through your mortgage experience and stay with you through to the very end.We get you a fast “YES” at the sharpest rate… guaranteed! Call us now so that you can get that mortgage you’ve been waiting for. We already have been working for you, making sure that you will have every option of a mortgage available to you. GLM Mortgage Group is on call for you!