Private Lending for Half Interest Mortgage
Do you own a home with a brother, sister, parent or business partner half interest in BC? If you own a partial interest in real estate, we have private mortgage financing options that might work for you. Half Interest will be registered as tenants in common rather than joint tenancy so call to learn more about your options.
A partial interest mortgage is usually a half interest or a three-quarter interest but can be even a quarter interests in real-estate. A variety of relationships can occur in a half interests, for example; father and son own a home as one half of the owners requires funds. That party can borrow up to 65% of that person’s interest in the property without the requirements of the other party to sign. If you are considering this style of financing, please give us a call and we would be happy to assist you one of our private mortgage lenders.
If you want to learn more about a Partial Interest Mortgage, please give us a call today or apply online.