Guide to Private and Second Mortgages
A guide to borrowing from private and alternative lenders to support your short-term financing needs. If you're ready for personalized advice, go ahead and click "get started" below.
In need of short-term financing?
Sometimes finding a mortgage isn’t so easy. If you have a spotty credit standing or inconsistent income, the traditional lenders might deem you a credit risk, and sourcing a mortgage can be a challenge.
In these cases, which are fairly common and nothing to be worried about, we might want to pursue a private lender or other alternative source of financing.
In the past, borrowing from a private lender had a negative connotation, implying sky-high rates and sketchy practices. But the regulations have tightened up, and with the right mortgage broker guiding you through the process, it’s a viable approach to meeting your short-term financing needs while you get your credit and finances on the right track.
A second mortgage may be the right solution. A second mortgage implies you already have a primary mortgage (hence the name). If you are unable to pay your mortgage obligations, the lender on your primary mortgage gets priority, and the second mortgage lender is only paid back if any funds are remaining. For this reason, the rates on a second mortgage are relatively high.
Source private lending or a second mortgage safely and securely
At Robinson Mortgage, we’ve helped countless individuals in Chilliwack, Abbotsford and throughout the Fraser Valley find short-term financing when traditional lenders were not an option.
Ready to get started? Let’s find a solution that works for you.
Private and Second Mortgage FAQ
Hear from a few of our happy customers
Val Meyer
Matt was wonderful when we were buying and selling our house. As soon as we had a place we were considering, he would crunch the numbers for us and see if it was doable or not. Hes very quick in response time and easy to communicate with. This is our second time using him and we will continue to use his services in the future. Thanks Matt!
Nico Abais
As a first-time home buyer, my first resolve was to search for information online and sure enough I find bits of information all over the place. Then we were introduced to Matt. He will answer all your questions in a timely manner and guide you with the whole process and expectations. Matt will work his way to get you the best rate!
Tash Stobbart
Robinson Mortgage were very helpful in obtaining our first mortgage. We had difficulties dealing with banks because my husband is a contractor and has multiple T4’s and his income tax is complicated but Matt and his team made it easy. I would highly recommend to anyone looking for a mortgage and in fact I have sent friends his way.
Expert mortgage advice is just a phone call away
Got questions? We’re happy to help. Reach out anytime or schedule a time that works for you. And we’ll help you get closer to your dream home.
Meet Matt
Robinson Mortgage is owned and operated by Matt Robinson, a professional mortgage broker based in British Columbia’s beautiful Fraser Valley. Matt has helped countless people in Abbotsford, Chilliwack, Mission and beyond navigate the process of finding financing for their home. Whether you’re buying your first place, consolidating your mortgage, or getting ready for a future purchase, Matt is your man with a mortgage plan.
Search and delight
We look through hundreds (sometimes thousands) of mortgage products — from traditional banks and credit unions to mortgage-focused lenders — to find the perfect one for you.
Let’s get moving
Why wait? Let’s get you started on the path to finding the perfect mortgage. A private or second mortgage is just a few clicks away.