Private Mortgages

No Income or Credit Qualifications required

Private Mortgages

Private Mortgage in Cambridge

Many circumstances, such as a self-employed individual, a bad credit or just a simple lack in the application can prevent you from getting a mortgage granted from banks or other financial lenders. But this is not something that should prevent you from securing your dream home.

At AKAL Mortgages Inc., we have a wide network of private lenders waiting to find a borrower for a property mortgage. These investors come from various backgrouds and hence have their own terms and conditions. They do not have to follow fixed protocols unlike the banks and hence give real time mortgages to their clients.

How it Works?

Private Mortgage in Cambridge can give you a variety of terms which the banks may not be able to offer. Many individuals look for a lower down payment whereas other look for a long term loan. Due to this flexibility Private Mortgages in Cambridge have been on high demand.

When we say YES! We stand behind our

Mortgage Solutions

We Offer To You

STEPS & PROCESS

Easy Approval Process

CHOOSE YOUR SERVICE

Why You Should Choose AKAL Mortgages Inc.

Borrowers

When we say YES! We stand behind our promise
Mortgage solutions based on your needs and qualifications
Fast approvals and quick closings
Save time and money
Lower mortgage rates due to lender discounts and promotions
Licensed, knowledgeable and experienced
Protect your credit score

Brokers

The Most Important: Dedication to our agents!
Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
Training: Weekly training and industry updates, One on one support
Mentoring: Specialize in Residential, Business and Commercial
Lead Generation: Proven successful campaigns to generate leads
Personal website; mobile Apps; online virtual meetings, e-signatures
Lenders: VIP access to more lenders and top tier compensation
Professional office (at no cost to you): Meet your clients at the office

FAQ

Frequently Asked Questions

How can I know that Private mortgage is the best for me?

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.

Does it involve a fee when I use Private Mortgage?

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.