Private Mortgages Kingston, Ontario
If you’re looking to grow your own business or perhaps pay off some outstanding debt, a private mortgage may be the answer you have been looking for. A private mortgage, or home equity loan, is a short-term loan ( about 1 to 3 years) that you can use for any reason. Banks may come up short when you need funds to see your plans through. Private mortgages are an excellent option for the self-employed who are looking to expand or need seed money to get a project off the ground. Another common reason to take out a private mortgage is to renovate your home to increase its value, or if your current credit situation does not allow you to obtain prime rates.