In Canada, most of the mortgages usually last for 5 years but the time duration of private mortgages is only one to two years. So, private mortgages can help if you want to attain the property for a short duration. Also, it can help you to improve your credit history in one to two years so that you can apply for a home loan from a bank after finish up your short-term private mortgage.
Home Equity, Interest Rate, and Monthly Payments with No Obligations quote
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