As lending regulations become increasingly strict, private mortgage financing is emerging as a significant source of mortgage funding. Often, there are situations in which banking institutions are unable or unwilling to lend. In these cases, seeking out a private lender becomes a preferred option.
A private lender is an individual or an organization that advances funds in exchange for a mortgage on agreed terms and conditions. Essentially, a private mortgage is a bridge or mortgage loan that is secured by real...
A new survey conducted by Manulife Bank suggests that nearly 40% of Canadians have struggled to cover their household expenses at least once in the past year.