Private mortgage financing in Lévis

In Lévis, a good share of requests come from owners of single-family homes, semi-detached houses and condos, in areas that have grown considerably over recent decades. Many work in Quebec City and cross the river every day.

The solutions that may be explored:

• Private first mortgage
• Private second mortgage
• Debt consolidation
• Mortgage refinancing
• 60-day notice
• Urgent funding

• a family whose consumer debt has grown since buying the house;
• a bank refusal at renewal or on a refinancing request;
• a separation, when one spouse wants to keep the house;
• an urgent need for funds to pay income tax or property taxes.

This is the key question in Lévis: a homeowner who bought recently with a small down payment sometimes has little equity. Yet a private loan relies precisely on that equity. If the property is financed almost entirely, private financing may not be possible, or only for a small amount. We tell you clearly from the review, to avoid unnecessary steps.

Conversely, a homeowner who has been settled for several years often has more room to manoeuvre.

If equity allows, debt consolidation can replace several payments with one. When it doesn't, other routes may be more appropriate, such as an arrangement with creditors or a meeting with a Licensed Insolvency Trustee.

A refinance at renewal can make it possible to pay off debts or buy out a former spouse's share. If the bank refuses, a second mortgage or a transitional private loan can be compared, taking into account the equity actually available.

If you have received a 60-day notice, send us the document without delay. We calculate the amounts needed and the available equity, then check whether a lender can act within the deadline. For your rights, consult a lawyer or notary.

1. Application: you describe your situation, the amount you need and the purpose of the financing;
2. review: we examine the property, the available equity, your debts and the repayment strategy;
3. lender search: your file is presented to lenders whose criteria match your situation;
4. offer: you receive the proposed terms (rate, term, fees) before deciding;
5. notary: the mortgage deed is signed before a notary, who disburses the funds and pays the designated creditors.

If you bought recently, your deed of sale and the appraisal done at purchase, if any, help us quickly estimate the available equity.