https://www.canadianmortgagetrends.com/2025/05/thinking-of-a-private-mortgage-heres-what-lenders-want-to-see/ News on Canadian mortgages, mortgage brokers, and mortgage rates. Thu, 08 May 2025 00:45:03 +0000 hourly 1 https://wordpress.org/?v=6.7.2 https://www.canadianmortgagetrends.com/2025/05/thinking-of-a-private-mortgage-heres-what-lenders-want-to-see/#comment-56827 Tue, 06 May 2025 19:58:58 +0000 https://www.canadianmortgagetrends.com/?p=67299#comment-56827 There are private lenders who are OK to renew their mortgages, when payments have been made on time and as agreed, and the client wants to stay. This is sometimes the best option for a private mortgage client at maturity. Perhaps it will take another one year term (or two) for the clients to be able to qualify for a lower-rate product, so it’s important that brokers know there are private lenders who are OK with renewing.

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