Private Mortgage

Private mortgages can be used for many scenarios including;

• Second Mortgage – An alternative option for homeowners to access their home’s value to obtain a loan for investment, without paying penalties. While interest rates for second mortgages tend to be higher, it may be a viable option for investing. Speak to a mortgage broker to understand the costs associated with a second mortgage.
• Quick Closing, Fast Mortgage – When you need to close your mortgage quickly, we can help you fund fast. From mortgage refinancing to second mortgages, we strive to get funds to you in 24-hours. There are definitely life events where borrowers need access to cash quickly for emergencies or unplanned expenses. Or when your bank denies your mortgage at the last minute – yes this can really happen. Banks often deny mortgages for reasons such as an appraisal coming in lower than your purchase price or your mortgage application details are inconsistent. We offer innovative mortgage solutions to residential and commercial mortgages.
• Bad Credit Mortgage – Buying a house or paying off high-interest debts, a bad credit mortgage can help repair poor credit scores. Getting a mortgage and consistently paying it down or paying off your high-interest debts helps rebuild your credit score. Mortgage Lenders know this and will usually offer a private mortgage. Private mortgages usually charge a higher interest rate and more fees, however, the goal is to help borrowers repair their credit and move into a lower rate mortgage, quickly. 
• Self-Employed Mortgage – At Square Capital Mortgage Brokerage, we understand people who are self-employed because we are also business owners and want to offer mortgage and financial solutions to fellow entrepreneurs. Bad credit and declared income are unexpected obstacles to self-employment and getting qualified for self-employed mortgages and other types of financing. In addition to banks, we are partners with private lenders who offer alternative mortgage options to help you with a new purchase, debt consolidation (that helps improve your bad credit score), and even renovations.
• Debt Consolidation Mortgage – We understand each case is unique and there are many factors to consider including homeowners with bad credit or low income. Unlike traditional lenders like banks and financial institutions, with very strict lending terms, Square Capital works with over 50 lenders, including private lenders, to find the right solution for our clients. Our expert mortgage brokers and agents will help to find solutions to lower your monthly payment and reduce or stop the interest on your debt. Lower monthly payments every month reduces the chances of financial default while improving your credit and managing your money wisely.
• Poor Credit Mortgage – Homeowners that have built up home equity over time will be able to leverage it to pay off high-interest debts. When paying down high-interest debt, poor credit borrowers will start to repair their credit scores. While private lenders tend to charge higher interest rates and fees for the added risk of the mortgage, they usually specialize in shorter-term mortgages. The lender is hoping the mortgage loan will help improve poor credit scores so borrowers will be able to qualify for more traditional bank mortgages at lower rates.