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Mortgage Company

Mortgage Company is regularly simply the originator of an advance; it markets itself to potential borrowers and looks for subsidizing from one of a few customer money related foundations that give the cash-flow to the home loan itself. If you want to know about our services, you can visit our website: https://www.amanduggal.ca

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Mortgage Company

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  1. AMANDEEP DUGGAL MORTGAGE BROKER

  2. ABOUT US • Amandeep Duggal Mortgage Broker has years of experience supporting his clients and negotiating with mortgage lenders. As your personal mortgage broker, he’ll always put you and your budget first. Whether you’re purchasing your first home with your first mortgage, taking out equity from your home with a home equity mortgage, or refinancing your first or second mortgage, Aman can help you with even your most complicated mortgage needs. Don't go through this challenging process alone. Instead, get the professional and experienced advice you need to make smart, careful and cost-effective buying decisions. Call Amandeep Duggal Mortgage Broker today for a free consultation about your mortgage needs. We will be happy to help!

  3. What is a private mortgage? • A private mortgage is a loan for a homebuyer that comes from a private source, such as a friend, family member, acquaintance or business. They are a popular solution for homebuyers who are not eligible for a traditional mortgage. • Unlike traditional mortgages, private mortgages are not issued by a bank or financial institution. Also, while traditional mortgages require a strong credit history to qualify for the loan, private mortgage lenders are much more flexible. If you can pay an adequate down payment, or if you have enough equity in your property, a private mortgage is much easier to obtain. On the other hand, to compensate the lender for the increased risk they assume, private mortgages usually come with higher interest rates.

  4. Is a private mortgage right for you? • Plenty of people are choosing private loans for a wide range of reasons. If any of the following situations applies to you, a private mortgage could be the right fit. • You don’t have an adequate credit history to qualify for a loan from a traditional lender • You’re self-employed and unable to verify a steady income • You’re not a legal resident in Canada • You’re going through a foreclosure or your taxes are in arrears, which means you need access to emergency funding • You’re purchasing a property that banks and other financial institutions don’t want to finance, such as a mobile home

  5. What are the risks of a private mortgage? • Although private mortgages come with a variety of benefits, borrowers must be aware of the risks involved. Before you make a large financial commitment to a private mortgage lender, whether it’s someone you know or a private mortgage company, you want to make sure the arrangements are in your personal and financial best interests. For example, before securing a private loan with someone you trust, whether it’s a friend, family member or another private loan provider, you must be comfortable with the loan’s interest rate and any additional requirements that have been implemented to protect the lender’s financial investment. Without enough research or preparation before entering a private loan agreement, you could put your finances and personal relationships in jeopardy.

  6. CONTACT US • AMANDEEP DUGGAL MORTGAGE BROKER • 6321 King George Blvd #102, Surrey, BC V3X 1G1 • Cell +1 (604) 227-9694 • https://www.amanduggal.ca

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