
A private mortgage is an alternative source of financing given to a borrower by a private lender. Usually sought after when a traditional bank or lending institution will not approve a borrower to purchase or refinance a home.
Services
About
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Velocity Mortgages was founded by Moe Haymour and Tim Halabi. Moe and Tim have been respected brokers in the mortgage industry for the past 16 years. Nancy Bruno-Romeo, a Mortgage Specialist with BMO and CIBC for 22 years, joined the team in 2020. Together, the trio has over 50 years of professional experience lending residential, commercial, and private mortgages.
Borrowers
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Private mortgage lenders help fill the gap left by traditional lenders. Those with limited credit history, foreign income, or are self employed may face additional hurdles when trying to get mortgage approval from banks. A private loan can be an alternative financial solution for your situation. Banks often require borrowers to have at least two years of employment history to prove that they have a steady source of income.
Mortgage Brokers
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Is your client unable to get a traditional mortgage? Private mortgage lenders help fill the gap left by traditional lenders. Those with limited credit history, foreign income, or are self employed may face additional hurdles when trying to get mortgage approval from banks. A private loan can be a alternative financial solution for your situation.
Private Investors
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Take advantage of Velocity Mortgage's established credibility and client base to become a private investor. Our approval and discovery process makes investing safe and hassle free. Allowing for consistent returns on your capital. Private lending is one of the highest yielding investment strategies for it's risk level.
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