Private Financing in Alberta
Why Should You Choose a Private Mortgage in Alberta?
The application procedure is the essential difference between a bank and a private mortgage in Alberta. Private lenders in Alberta opt for quick and easy application procedures with adjustable loan terms, reasonable requirements, and swift approvals.
Due to the convenient approvals, private mortgage lending is beneficial for an array of people, including self-employed and non-residential individuals. Private financing in Alberta is also beneficial for individuals looking to:
- People in need of immediate funds
- Individuals with wounded credit scores and debt
- Borrowers looking to purchase unconventional properties
- People with unstable or fluctuating income
- Builders or borrowers looking to self-build
- Individuals trying to tap into their equity to consolidate debt
Unlike banks and other lending institutions, an Alberta private mortgage lender will look at the client’s situation and offer a mortgage solution that checks every box. Private lenders don’t think of their clients as an investment but as a person and do their best to cater to every individual.
If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.
Client Testimonials
Suitable Private Mortgage Lenders in Alberta
- Are you facing delayed application processes?
- Are the banks scrutinizing your income and credit score?
- Do you need immediate financing?
- Looking for easy solutions and ideal loan terms?
- Were you declined by the banks because of a low credit score?
If your answer to any of these was YES, then Freedom Capital is a suitable Alberta private mortgage lender for you!
Freedom Capital operates as a national mortgage brokerage across Canada dedicated to providing every borrower with the financial solutions they need. Whether it be conventional mortgages, construction financing, commercial financing, debt consolidation, land financing or more; Freedom Capital can provide you with the perfect solution with approvals in as little as 24 hours*.
FAQ
What are some features of private mortgages in Alberta?
Private mortgages are short-term loans that typically last between one to five years. With a private mortgage in Alberta, borrowers should expect higher interest rates, bigger loan amounts, shorter repayment periods, and external fees.
How do private mortgage lenders in Alberta work?
Private lender loans function in the same way as bank or credit union loans do. You may use the money to buy a house, purchase goods, consolidate debt, undertake home maintenance, or do a variety of other things. After that, you repay the money you borrowed in instalments, with interest.
Am I eligible for private financing in Alberta?
At Freedom Capital, we take pride in offering financial solutions for every client. If you need finances and meet our minimum requirements, we will finance a mortgage for you. Irrespective of your credit score, income, debt or financial history.
