Having issues gaining traction with traditional lenders,
despite your well-established equity? TeamClinton can help with that, too.
As entrepreneurship continues to pick up momentum in Halifax (and Canada); is it any surprise so too has the practice of using a private lender?
Private lending; borrowing from an individual or company instead of a bank, can be an alternative to traditional financing for transactions considered higher risk- like entrepreneurs without a dependable income.
Typically, private lenders’ rates are much higher than traditional lenders. This is why TeamClinton uses it as a stop-gap until we can get our clients back into a traditional lending agreement.
If you’re having issues becoming approved through traditional channels, and have equity, a private lender may work for you. Contact us today to get started on your homeownership action plan!
In the Blog
Private lending? What's the deal? Leanne Myles of Clinton Wilkins Mortgage Team explains! Don't feel…