A home buyer is at the cusp of buying their dream home but the banks have turned them down. What they need is a bridge loan to secure that property, buy some time and adjust their borrowing position. Welcome to private mortgages, when the banks have said no and private investors like yourself can join the equation.
A short-term loan for a borrower to sort things out. Private mortgages removes the monthly mortgage payments as they are interest only loans without the need to pay the principle. This frees up money for a home-buyer to better their borrowing position with the banks. This equates to you seeing returns in short-term cycles.
Your investment dollars go into lending and 100% of the borrowers property is placed as collateral to mitigate your risk as investor. First position mortgages on real property that you can see, touch, and feel if loans should go south. Now isn’t that something to sleep better with?
Based in Vancouver, BC, Chubby Eggy provides short-term private mortgage solutions to Metro Vancouver.
Vancouver, BC
hi@chubbyeggy.com
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