Private Mortgage Loans - With Home Credits You're Approved

Borrow Up To 75% Of The Value Of Your Home

Many people find themselves unable to qualify for a traditional mortgage. If you are one of these people, perhaps you are new to Canada, you’re self-employed, or you have bruised credit. Perhaps you are buying a home that is considered a “fixer-upper” and doesn’t qualify.

In any the above cases, an alternative mortgage is often the solution. Home Credits is a direct alternative lender who provides private mortgage loans. Therefore, we have the ability to present our borrowers with multiple different options to tailor a mortgage to their specific needs. Home Credits only works with ethical investors who provide private mortgage loans. This ensures that our borrowers do not overpay. With Home Credits, securing an alternative mortgage means flexibility, favorable rates, and ease.

What Is An Alternative Mortgage?

Private mortgages are very similar to traditional mortgages. The main difference being that private investors or lending companies provide the mortgage funds as oppose to traditional lenders. The benefit of a private mortgage over a conventional one is that approval is very easy. However, since broker views vary widely, it is important that you choose a trusted mortgage company with your best interests in mind.

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Home Credits - Your Trusted Home Equity Lender

Home Credits is your trusted home equity mortgage lender and a leading choice for homeowners. We promise to provide you with the best possible rates and terms, regardless of your particular financial situation. We also make the process hassle-free. In fact, you can expect to receive approval in as little as 24 hours. Home Credits values its customers, which is why we do not stop until 100% customer satisfaction is achieved.

On top of competitive rates and terms, fast and easy approval, we also offer a premium customer service experience. Expect prompt and efficient service and a little extra care for each of our clients. Home Credits is a government licensed mortgage company who does not work with major banks or financial institutions. Our niche market is strictly in the alternative lending space. Our business model is to match our investors with borrowers to help them archive better financial future.

Use the Equity In Your Home To Get the Money You Need

A Home Credits mortgage loans allows homeowners to borrow money using their home’s equity as collateral. Typically, this results in lower interest rates than unsecured loans and lines of credit. In general, home equity loans are set up to be paid back over a shorter time period than traditional mortgages, typically anywhere between 1 to 2 years.

Home equity loans work like any traditional loan. An amount is paid to the borrower at the beginning of the loan. It is paid back over a set length of time, typically with a fixed interest rate. Home equity loans are generally used to consolidate debts to improve credit ratings. They can also be used for home improvements. When taking out a home equity loan it is best to speak to an advisor on how to combine your existing mortgage and your equity loan at the end of the term.

In most cases, it makes financial sense to use an equity loan to pay off high-interest debt to improve your credit rating so you can qualify for institutional lender within 1 year.