What Can A WiiBid Powered Private Mortgage Do For You?
Mortgages Are Not Just For Home Buying; Discover The Different Personal And Business Use Cases Of The WiiBid Platform!
How Can You Use A Private Mortgage?
From Home Equity Loans, To Working Capital: Use WiiBid To Get The Best Canadian Private Mortgage Rates!
Mortgages, especially private mortgages, have become the essential tool when it comes to fulfilling the dream of homeownership! Unfortunately, the acceptance criteria for bank mortgages have become more difficult to fulfil.
With WiiBid, you take full control over the mortgage application process! Our platform empowers you to get the financing you need, as you only have to submit a single application to reach our reputable Canadian private mortgage lenders.
This gives you access to your funds in as little as 10 days, compared to the industry average 30-45 days!
Want to learn more about alternative financing and how WiiBid can help you access the funds you need? Click the button below to find out:
Home equity loans enable you to access the funds locked into your property. They can help you finance new personal projects, further schooling, or large purchases.
The advantage of a home equity loan is, that allows you to borrow funds against your property, even if you already have a mortgage! Since the loan is secured, you often get lower interest rates than your existing mortgage. You can even use it to pay off your mortgage to lower your overall interest rate, which allows you to save in the long run.
You do not have to keep the wealth to yourself though; a home equity loan is the perfect opportunity to support family. Consider this: your child is looking to purchase their own family home, but can not afford the 20% down payment on the desired property. You can use a home equity loan to unlock your property value and provide the immediate financing your family needs!
WiiBid's qualified Canadian private mortgage lenders help you fund the next step, purchase and generation!
To learn more about the equity in your home and how its property value is assessed in B.C., visit the WiiBid Blog by clicking on the button below:
It is no secret that a beautiful home also deserves a beautiful price tag. So why not spruce up your property, and its price tag before you sell?
In fact many sellers do not realize how much value a quick renovation can add to real estate and how much return on investment it can yield!
First impressions matter the most and consumer psychology is key: a home exterior that exudes safety coupled with a comfortable interior significantly increase the sales price of your property and ultimately puts cash back into your pocket.
A WiiBid powered renovation loan can help you unlock the funds needed to remodel and gain as much as a 64% return.
To learn more about the value of a renovation loan and how WiiBid's network of leading Canadian private mortgage lenders can help, click the button below:
Sometimes exceptional deals, like a competitive dream property, require a quick closing. This can be stressful if you fell in love with the house, but don't have your mortgage finalized!
Getting a bank mortgage takes at least 30 days, as they are large organizations with many slow moving pieces. Rather than losing your dream home, turn to private financing with WiiBid! We can help you get the funding you need, up to 75% faster than a traditional bank mortgage.
Our Canadian private mortgage lenders offer competitive rates, based you your financial needs, and get you the funds when you need them most.
Click below, take 15 minutes to submit an application, and get a private mortgage in as little as 10 days:
Sometimes there is a short time gap between when you expect to receive liquidity and when you really need it! A private mortgage can be used as bridge financing, in order to keep you afloat between periods of liquidity.
Perhaps you are expecting an inheritance but you first need to clear a very large tax bill. Meaning you will need access to cash on a short term basis in order to meet your financial obligations.
Getting a private mortgage with WiiBid is a great way to cover short term liquidity requirements and can be a faster, more cost effective way to keep afloat!
You can get the funds you need through WiiBid's reputable Canadian private lender network, up to 75% faster than traditional bank mortgages!
It is usually very difficult to get home construction financing from banks. Construction is viewed as risky and only select clients maybe able to access construction financing , most major banks have scrapped or severely limited their retail construction programs.
Even in cases where banks approve construction for the long term clients with substantial assets, they usually have a limit (loan amount), meaning there is a limit on the size of the construction (no luxury homes) and it requires more capital to be put in directly from you.
For example, you may own a property and are currently maintaining a conventional mortgage. Since you are already indebted, it may be difficult for you to re-qualify for another low rate mortgage loan for construction projects. You know you can't get a great interest rate from your current lender, but know that you still need financing.
In cases like this, a private second mortgage can finance needed construction, allow you to keep your existing financing, and have enough capital to re-build your dream home!
Take advantage of WiiBid's simplicity and let our proudly Canadian private mortgage lenders offer you competitive low rates!
When signing a pre-sale agreement, i.e. buying property before it has finished construction, is a great way to become a home owner and allows you to personalize customizations for your new home!
You would typically sign a pre-sale agreement a few years before construction is completed, and pay a 15-25% deposit to secure the property. That being said, a lot can happen in the 3-4 years whilst construction is finished. Sometimes your financial circumstances change, and you may no longer qualify for a low rate bank mortgage when it is the time to purchase.
If you can’t get financing, the consequences of not closing are the loss of your 15-25% deposit, and potential litigation for defaulting on your pre-sale agreement!
A WiiBid powered private mortgage allows you to still seal the deal and move into your new home. If you can no longer afford the property, financing form our qualified Canadian private mortgage lenders gives you the opportunity to sell the property to recoup your deposit!
Do you have a lot of high interest debt such as credit cards or other consumer credit?
Unlocking your home equity through a WiiBid private mortgage is a great way to receive the funds needed to cover your finances!
Secured Private mortgages can help pay off, and consolidate debt, which reduces interest rates and empowers you to start repairing your credit!
Unlike banks, our Canadian private mortgage lenders may help you cover debt and take full control of your finances. Don't wait, use WiiBid to rise above your debt; click the button below to learn more about how we can help to save your credit:
Banks typically do not finance ventures that they see as risky. Consider you are a small business owner with short term cash flow. Banks are not willing to extend your line of credit because your start-up is new, does not posses a substantial balance sheet, or has not been valued yet.
You may need some funds to scale production and grow the company, but found is exceptionally difficult to secure other capital or angel funding.
WiiBid can help you access the existing equity locked into your home through a home equity loan! This can cover short term liquidity needs and sustain their business growth for future revenue!
Let our reputable Canadian private mortgage lenders empower your entrepreneurial spirit by submitting an application today:
New projects that contribute significantly to business growth, sometimes need a little bit of extra funding to get going. Rather than trying to liquidate business assets, which may impact production on a short term basis, consider a private mortgage!
Real-Estate can provide untapped equity as a private mortgage security. getting funds though a commercial property equity loan can help you invest in the projects that drive growth.
Invest in your business through a secure Canadian private mortgage, and secure a great ROI with WiiBid:
When running a business, especially a manufacturing business, you will get orders that exceed the finances available to your supply chain. Having to turn down potential clients, simply because you can't purchase the raw materials required to fulfil their order is frustrating.
For example, imagine you own a custom cabinet manufacturing business that has just received a large order with 50% margin. However, in order to purchase the required materials and finance the production, you require quick access to cash. Since you already to out a business loan with a bank, they have rejected your financing application by citing loan limits.
WiiBid and its reputable network of Canadian private lenders allows you to unlock equity that you already posses, so you can still seal that deal. Using a property or home equity loan to maintain manufacturing capacity helps save large deals and grows your profit long term!
Submit an application today and get funded in as little as 10 days:
It is usually very difficult to get commercial construction financing from banks. Construction is viewed as risky and only select clients maybe able to access construction financing , most major banks have scrapped or severely limited their building related loan programs.
Even in cases where banks approve construction for long term clients with substantial assets, they usually have a limit (loan amount), meaning there is a limit on the size of the construction and it requires more capital to be put in directly from you.
For example, you had to take out a business loan to start your company and are currently maintaining a conventional loan. Since you are already indebted, it may be difficult for you to re-qualify for another low rate mortgage loan for construction projects. You know you can't get a great interest rate from your current lender, but know that you still need financing.
In cases like this, a property or equipment equity loans can finance needed construction, allow you to keep your existing financing, and have enough capital to fund construction projects!
Take advantage of WiiBid's simplicity and let our proudly Canadian private mortgage lenders, who have over $1 Billion in lending capacity, offer you competitive low rates! Apply now:
Now That You Learned More About WiiBid And The Many Ways We Can Assist You, Why Not Submit An Application And Take Charge Of Your Finances?
Questions? Don't Hesitate To Give Us A Call! Our Team Is Looking Forward To Assist You!
WiiBid is an innovative fintech company that offers a digital marketplace to borrowers with fast access to the best alternative financing deals possible.
Phone : 1-888-BID-0828
701 West Georgia, Suite 1500,
Vancouver, BC V7Y 1C6, Canada