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Mortgage Financing

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Find out more about Mortgage Financing:
Private Mortgage Financing Direct from Lender

“What do you do when your bank turns you down?”

Our specialty is private financing. We are directly responsible for lending the private funds of Alta West Mortgage, Fidelis Mortgage Corporation, Fortress Mortgage Inc., and several private lenders.

We finance the following:

  • Poor Credit
  • Business for Self
  • Foreclosures
  • Bankruptcies
  • Undeclared Income
  • Unconventional Properties

If a lending situation makes sense we are prepared to provide the funds. Qualifying is easy if a minimum 25% equity is present to secure a mortgage placement.

Contact us to structure your own mortgage loan!

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Types of Mortgage Financing Available

Our Private Mortgage Funds allow us to lend in a wide selection of formats:

  • Home equity Mortgage Financing
  • 1st, 2nd, 3rd Mortgages
  • Residential
  • Single Family
  • Condos
  • Apartments
  • Recreation Property
  • Acreage and Farm Financing
  • Commercial/Retail Financing
  • Construction Financing
  • Bridge Financing
  • Short Term Loans

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Home Equity Mortgage Financing/Debt Consolidation Loans

Credit Less Than Perfect?

Private funds available through Alta West Mortgage serve as a source of mortgage financing with fewer restrictions than the Banks, we help people consolidate several smaller consumer debts into one payment. The savings can be substantial. Hundreds, even thousands of dollars can be put back into your monthly household budget by consolidating your debt with a new 1st, 2nd or 3rd mortgage.

Example:

Account   Amount   Monthly
Payment
VISA   $3,000   $150
MasterCard   $3,000   $150
Zellers   $1,500   $75
Canadian Tire   $1,500   $75
Sears   $1,000   $50
Total   $10,000   $500

A 2nd mortgage of $10,000 based on a rate of 13% would result in paying out all the above accounts and reduce monthly payments from $500.00/month to $110.24/month. (Rates and costs may vary with each application. The above example is based on a 25-year amortization)

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Home Mortgage Loans

Step by Step:

  1. Apply by phone, fax, or online.
  2. Fax us a copy of your purchase offer.
  3. We will process and approve your mortgage to complete your mortgage loan transaction.

Good Credit?

Good credit, good income, good cash flow? Our rates are unbeatable with flexible terms suited to each borrower's needs.

Our connections to Private and National Lenders are the best.

Credit less than perfect?

We mortgage finance all of the following: Bad Credit, Foreclosures, Bankrupt, Undeclared Income, Unconventional Properties, etc. We have several sources of private funds that provide fast, flexible alternatives to the Banks and Trust Companies.

Let us do the work!

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Conventional and High Ratio Mortgages
  • Our broker connections to the major Banks allow us to offer the best rates in the mortgage industry.
  • CMHC/GE Insured Mortgages up to 95% of property value.
  • Variable rate mortgages up to 2% below Prime on introductory programs.
  • Flexible terms available.
  • A variety of pay down priviledges.

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Construction Financing

Our private funds are available for residential, single family, multi-family, and condo construction projects at competitive rates. We require that applicants have building experience or that they retain a contractor to build the project.

  • Multi-family, condos, single family residential.
  • Private funds for residential construction projects.
  • Conventional funds for strong covenants at low rates.

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