Private mortgage financing in Longueuil

From Vieux-Longueuil to Saint-Hubert and Greenfield Park, Longueuil homeowners consult us about single-family homes, condos and plexes. Since our office is also on the South Shore, we know the realities of this area well.

The solutions that may be explored:

• Private first mortgage
• Private second mortgage
• Debt consolidation
• Mortgage refinancing
• 60-day notice
• Urgent funding

• a bank refusal related to credit, ratios, or recent or irregular income;
• a quick need for funds for municipal taxes, income tax or an unexpected expense;
• debts piling up and an overall monthly payment that has become too heavy;
• a plex owner who wants to fund work without waiting for the mortgage to mature.

Your property's equity is the starting point for any private solution. If your current mortgage has a good rate, a second mortgage often lets you keep it and borrow only the amount you need. If it is coming up for renewal or the property is mortgage-free, a private first mortgage may make more sense.

Combining high-interest debts into a single loan secured by the property is one of the most frequent requests on the South Shore. Before proposing consolidation, we check that it genuinely reduces the cost or the monthly pressure, and that there is a plan to repay the private loan at maturity.

As renewal approaches, some Longueuil homeowners find that their bank won't increase the loan. We then compare a refinance with another lender, a second mortgage and, if needed, a transitional private loan.

A 60-day prior notice means acting fast. Send us the complete document: we estimate the amount needed to remedy the default and the available equity, then present the file to lenders who can act within the deadline. For your rights, a lawyer or notary remains the right resource.

1. Application: you describe your situation, the amount you need and the purpose of the financing;
2. review: we examine the property, the available equity, your debts and the repayment strategy;
3. lender search: your file is presented to lenders whose criteria match your situation;
4. offer: you receive the proposed terms (rate, term, fees) before deciding;
5. notary: the mortgage deed is signed before a notary, who disburses the funds and pays the designated creditors.

Being close by, South Shore homeowners can also ask to discuss their file with an advisor by phone right from the start.