Happy Loan – Your Trusted Private Mortgage Lender
Is your credit score looking a little worse for wear? Have the banks turned you down for a loan? If you’re looking for financing and feel you’re out of options, don’t worry, Happy Loan has you covered. As a private mortgage lender, we help people who can’t access traditional financing by providing them with fast, affordable private mortgages.
What Is A Private Mortgage?
A private mortgage is a short-term loan that uses your home as collateral. It is not granted by a bank, but by a private investor. Usually, those who come to private lenders for a mortgage do so because they have been turned down by banks already, or because they don’t have time for a long investigation.
Here at Happy Loan, we won’t go digging through your private matters, we’ll just look at the equity in your home and only require a few documents from you to get started.
Why Use A Private Lender For A Mortgage?
Unlike Banks or Credit Unions, private mortgage lenders in Canada aren’t regulated or restricted by qualification guidelines. That allows us to provide certain advantages that traditional lenders simply can’t match:
- Fewer requirements — you can get a mortgage, even with bad credit
- Less paperwork
- Faster than traditional mortgages
- Competitive interest rates
- Can help you rebuild your credit — as long as you keep up your obligations
- Short-term debt means you won’t be paying off a mortgage for 30 years
When Should You Get a Private Mortgage
Not sure if a private mortgage is right for you? These are some common scenarios where a private mortgage may be useful:
When Time Is of the Essence
We get it, stuff happens; Things break, family members need help, surprise expenses come up. Whatever the case, when you need cash fast, you can’t count on banks. Private mortgage lenders can help you in days, instead of weeks or months.
When You need to Consolidate Debt
If your overdue bills and debts are killing you with interest rates, use the equity on your home to pay them off completely and consolidate them into a single monthly payment with a reasonable interest rate.
When You Already Have a Mortgage
If you’ve already taken out a mortgage on your home, but find yourself in need of financing, you can get a second mortgage with a private lender.
When You Don’t Want a Lifelong Debt
While long-term debt has its benefits, there’s something to be said about paying things off in a few years and forgetting about it. If you don’t want debt hanging over your head for decades, a private mortgage is the way to go.
Need A Private Mortgage In Calgary?
If you or someone you know is unlikely to qualify for traditional financing, or simply doesn’t have the time or patience to provide extensive documentation, Happy Loan might be just what you’re looking for.
We take pride in helping Calgary homeowners get the financial assistance they need. Our team of dedicated professionals works tirelessly to find the right lending solution for you. Apply now for a private mortgage today and get quick, simple financing at reasonable interest rates.