One of the biggest advantages of private lending is speed. Here is how quickly a private mortgage can come together and what affects the timeline.
Days, not weeks
Unlike a bank, a private lender can often assess a deal and advance funds within days, which is invaluable for time-sensitive situations.
What affects the timeline
The speed depends on factors like how quickly information is provided, the property and its zoning, and the legal steps involved in registering the mortgage.
How to move quickly
Having your property details, your request, and identification ready helps everything move faster.
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If this fits your situation, start your application or contact us and we will help you understand your options across Ontario.
This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.