Did your bank turn their back on you? We’ve got you covered.
Private mortgages are a great alternative to mortgage finance when traditional banks and credit unions won’t extend you credit for a variety of reasons.
At Blue Diamond Capital, our pool of financing is limitless. Whether you’re looking for private financing for $250,000 or $5,000,000, we can unlock capital for you in a matter of hours.
Personal Loans For What You
Need—And When You Need Them
First Home
Investment Property
Paying Off Debts
Wedding
Private Mortgage Required Documents
Here is a list of mandatory documents required for us to review your mortgage application.
- Mortgage Application Form.
- Valid Driver’s License.
- Social Insurance Number.
- Equifax/Transunion Report.
- Proof Of Income (Can Include Any 2) Recent Pay Stubs, T1 General Tax Form, 2 Years Notice Of Assessment, T4 OR T4A Tax Forms, Letter Of Employment.
Ready to Apply ?
Download an application form or apply online today.
Express Application
Apply online by using our express app and get ready for white-glove service!
Apply OnlineFull Application
Simply fill out our online mortgage application and we’ll call you back for further review.
Apply NowReady to get your mortgage started?
Fill out the mortgage application and get a head start on your approval.
Frequently Asked Questions
Private lenders are more willing to take on borrowers with tight credit who have good rental history because they understand the outdated guidelines used by traditional banks and credit unions. Unlike traditional financial institutions, private lenders care about how much your home is worth and if you can afford paying back a private mortgage. When you don’t get approved for credit at the bank, consumers turn to private mortgage lenders.
Private mortgages are quite flexible actually. 1-year terms are most common as it allows the borrower to establish their credit (if they were declined initially as a result of poor credit). However, a shorter loan might be the best option for you depending on your purchase and/or investment scenario. Rest assured, we’ve got all options available for you.
Part of the refinance process is to get your home appraised. This process usually comes during the mortgage application process. The lender that best serves your needs and budget will request a full appraisal. Sometimes it could be as simple as a driveby appraisal in which the appraisers will drive by your home and take pictures. They could also take a look at comparable homes in your area to identify best what the current market value of your home could be.
It’s always a great idea to keep a pulse check on your credit score because it could impact the mortgage application process as well as the rates we can shop for you. Visit the Equifax website and get started on getting your credit report.
The debt-to-income ratio is a measure of how much you owe versus what’s left over after your monthly expenses are paid. Don’t worry; our team of mortgage professionals will calculate this for you once you share all of the required income documents.
The most important thing to consider when refinancing is your goals. If you want the lowest possible interest rate and/or longest repayment period, then make sure that’s what you're looking for in a mortgage product! But our team of mortgage strategists is here to help you navigate and provide you with our best recommendations.
If you haven’t checked already, visit our Mortgage Affordability Calculator to see how much you can afford in today’s market!
The first thing you should do is give our team a call, or fill out our full application here. Once you provide all required documents and our team reviews your application, it could take 24-48 hours for us to get back to you with an approval. Yup, it’s that quick!