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The Toronto real estate market is competitive, and securing traditional bank financing isn’t always easy. For buyers, investors, and homeowners who don’t meet strict lending requirements, private mortgages in Toronto offer a practical and flexible alternative.
What Is a Private Mortgage?
A private mortgage is a home loan provided by an individual or private lender rather than a bank or credit union. These lenders focus more on property value and equity than credit score or income history, making private mortgages ideal for borrowers who may not qualify for traditional financing.
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