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Anisa Lancione, AMP

Mortgage Broker

anisal@mortgagebrokerscity.com
613-656-0869

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 estate. The most common situations funded by private lending tend to be properties that are nearing foreclosure, or applicants with below average credit,...

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