Our approach is simple: we focus on equity, location, and liquidity rather than traditional income and credit assessments. This allows us to provide quick approvals and funding in less than a week, making us the ideal lender for those who need immediate financial solutions.
Extensive Industry Expertise
One of Lendworth’s key advantages is our experienced credit committee, which has an extensive background in real estate and legal matters. Unlike many lenders who require an existing appraisal before making a decision, our in-depth knowledge of the Toronto real estate market allows us to assess property values efficiently and confidently. This enables us to approve mortgages quickly, saving our clients time and hassle.
A Fast and Efficient Underwriting Process
Lendworth has the tools and expertise to make the underwriting process as smooth as possible. By leveraging our real estate knowledge and advanced assessment techniques, we can provide answers on mortgage applications in record time. This efficiency is especially beneficial for borrowers and mortgage agents who require immediate financing options without unnecessary delays.
Equity-Based Lending Approach
What truly sets Lendworth apart from other lenders is our equity-based approach. While our interest rates may be slightly higher than traditional income-based lenders, we rarely consider income and credit history. Instead, our approval process is based on three key factors:
- Equity: The amount of equity available in the property.
- Location: The property’s location and market demand.
- Liquidity: The ease of selling or refinancing the property in the future.
This approach ensures that borrowers can secure the financing they need without the obstacles imposed by income verification or credit history.
Flexible Loan Terms to Suit Your Needs
Our private mortgages are structured as one-year terms, providing borrowers with the flexibility to:
- Improve their credit.
- Refinance with a traditional bank.
- Sell their property.
This short-term solution allows borrowers to access funds quickly while working on their long-term financial goals.
The Lendworth Advantage
At Lendworth, we are committed to providing a seamless and stress-free borrowing experience. Our expertise in real estate and legal matters, combined with our fast underwriting process, makes us the best private mortgage lender in Toronto and beyond. We offer a financing solution that is quick, efficient, and designed to help borrowers and mortgage agents secure the funds they need without unnecessary complications.
If you’re looking for a private mortgage lender that values speed, efficiency, and flexibility, contact Lendworth today and experience the difference!