Many people find themselves unable to qualify for a traditional mortgage. If you are one of these people, perhaps you are new to Canada, you’re self-employed, or you have bruised credit. Perhaps you are buying a home that is considered a “fixer-upper” and doesn’t quality.

In any the above cases, a private mortgage is often the solution. Forest Hill Mortgage Corporation has its own Private Mortgage Fund as well works with over 50 different private lenders, including high-risk lenders, which allows us to offer multiple different options for our clients and find the one that is right for them. Forest Hill Mortgage Corporation only works with ethical private lenders to ensure that our clients do not overpay. With Forest Hill Mortgage Corporation, securing a private mortgage means flexibility, favourable rates, and ease.

What is a Private Mortgage?

A private mortgage resembles a traditional mortgage with the exception being that private investors or private lending companies are the ones who provide the funds instead of traditional lenders. The benefit of a private mortgage over a conventional mortgage is that approval is very easy. However, since broker views vary widely, it is important that you choose a trusted mortgage professional who has your best interests in mind.