Akal Mortgages

Private Mortgages

No Income or Credit Qualifications required

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    Min $ 300,000

    Min $ 25,000

    Private Mortgages

    Private Mortgages in Brampton

    Private Mortgages in Brampton are quite common and are always a good choice for new residents in Canada. There are many other reasons why our clients find private mortgage suitable, a few of which we have covered later below. Bank mortgage application can take time and can sometimes also be rejected for mandatory reasons which cannot be catered upon. Private mortgage lenders come handy in such situations and can also give you a better deal than what you would’ve secured from the banks.
    We at AKAL Mortgages Inc., for Private mortgage in Brampton, have access to a wide range of private lenders to choose from and can help you find a match, in accordance with your requirements. We shall help you with the entire process s as to ensure a quick approval and also a quick purchase.

    When is Private Mortgage a better option?


    If you plan to live in the home for more than five years, you need not worry about portability that is, shifting the mortgage to a new property.

    Low-Frills Mortgages

    If you don’t plan on moving, refinancing or making huge prepayments in the upcoming five years, you can consider low-frills mortgages.


    Most first-timer buyers opt for a 5-year fixed rate because they cannot afford an interest risk.

    Hybrid Mortgages:

    If you do go variable, look for one that maintains your payment the same regardless of interest rate variations. It’s easier for budgeting and gives you peace of mind if rates start climbing.

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    Why You Should Choose AKAL Mortgages Inc.




    Frequently Asked Questions

    Before you finalize about how you want your mortgage to be sanctioned, here is al list of things that make a private mortgage stand apart from the others.
    • The application process: Private lenders offer online applications that don’t focus on scrutinizing your financial life but rather it focuses on getting you the amount you need.
    • The personalized service: The mortgage specialist that you work with often knows the inside details of your financial situation and the pros and cons that help them avail you the best options for you as a personalized service.
    • Freedom of choice: One positive point about a private mortgage is that you can select who you want to work with. When you go for a traditional mortgage lender you need to go with the person assigned by the bank for you. This can, in many ways, make you feel limiting and can also give you a view that you cannot have a say in the process. There are more options available when it comes to private mortgages.
    Yes, there is almost always a fee for private mortgages. In this way the broker who is working on your deal gets paid for his work. The Fee you need to pay completely is dependent on your broker. In some cases, the broker can consider his payment as low as $500. In certain cases even as high as 5% of the amount you’re borrowing can also be taken. It is always advisable to ask this upfront when it comes to private mortgages.