Private Mortgages can be a residential, commercial, or construction mortgage. In some cases where credit, income, or the property do not fit well with conventional lenders, private lending can be a good options. Rates are higher than traditional lenders because the risk is higher to the lender. Ideally, private mortgage financing is a short-term solution until we can move the client back into a conventional lender. We work with private lenders so that we can facilitate private mortgage borrowing for our clients that need it. Our private lenders or MIC’s invest in individual mortgages, with the lender’s interest in the property registered directly on title. Each private lender is sent property and client details and can make a decision on whether to invest on a file by file basis in keeping with each investor’s preferences.