What Are Private Mortgages?

With the Canadian Banking Rules getting tighter and less flexible, this has opened up a secondary market  for many borrowers,

B options, and Private Mortgage Financing options may be a very suitable solution whether you are buying, refinancing, residential or commercial property.

Private mortgages are short- term, interest-only loans, ranging in length from 1 to 3 years. Interest Only Loans do not require homeowners to pay the mortgage principal down, and instead only require interest payments each month. This reduction in the required payments may also help with cash flow issues.