Canadian housing prices have risen thirty six percent since June 2009, based on the Teranet-National Bank house price index. At exactly the same time, Canadian banks have become increasingly careful and regulators are actually making it more difficult to lend, giving rise to a substitute market, that being private lenders. Royal Bank of Canada, the country's biggest bank, said when a client doesn't qualify for a mortgage, the bank is going to recommend a different lender, which is usually a mortgage broker. Even the smaller investor is learning how to invest in private mortgages in Victoria, and it’s become more and more popular for the average investor. The mortgage experts at ResCom Mortgage Solutions, Inc. can advise you on the ways to get the best return on your money.
With over thirty five years of combined mortgage experience, the professional experts at ResCom Mortgage Solutions, Inc. has a wide variety of ways to invest in private mortgages in Victoria, and throughout the entire region. Because of our years of know how and experience, we have developed new and better ways for our investors to yield a better return on their hard earned money. You don’t need to be a wealthy and seasoned investor, because we have a staff of skilled mortgage brokers who have the knowledge and the wisdom in order for you to be satisfied and happy regarding our investment solutions.
We have many choices that we will present to you, and together, we’ll figure our which one makes the most sense for your circumstances. If you think of mortgages, typically banks, 25 year repayments, fixed rates and adjustable rates come to mind. What folks do not think of is actually investing in mortgages. Investing in mortgages is not new. Nevertheless, investors have just recently found the high returns, risk that is low and strong cash flow they provide. Investing in mortgages is actually a great deal like investing in real estate, except without the hassles and capital necessary to buy a property.
Being a mortgage investor, you're lending against an asset, an asset you are able to touch and that has verifiable and undeniable value. Private mortgages are far shorter compared to conventional mortgages. Generally these mortgages are actually on an one year term and then require borrowers to pay interest only. Due to the short terms, borrowers pay a significantly greater rate, typically ranging somewhere between 7-10 percent on first mortgages and 10-15 percent on second mortgages. These rates depend on an assortment of elements as location, loan-to-value ratio, borrowers' credit and also the state of the marketplace. Many borrowers have great credit, but lack proper documentation for a bank.
If you would like some additional information regarding how to invest in private mortgages in Victoria, ResCom Mortgage Solution, Inc. would like to invite you to visit our website. At rescommortgage.com, you can leave your contact information, for a fast response. You can also call us at 855.585.2080, and speak with one of our highly trained mortgage professionals.Invest In Private Mortgages Victoria