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124 reviews
Gogi Luthra, Mortgage Broker
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Get Approved Even with Bad Credit - Apply Now!
We simplify mortgage processes and ensure you get the best rate for your loan.
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What is a Private Mortgage?
Unlike traditional lenders, private mortgages offer short-term loans, typically lasting 1 to 3 years, with your home serving as collateral. This makes them an attractive option for homeowners who may not meet the criteria of conventional lenders. While big banks focus on credit scores, income verification, and property quality, private mortgage lenders prioritize the equity in your home. They are not concerned with poor credit scores or income qualifications. With traditional private lenders willing to lend up to 80% (and sometimes 85%) of a home's value, private mortgages step in when institutional lenders cannot provide assistance. When you're unable to qualify with your bank, private mortgages provide a flexible and invaluable solution.
Private Mortgages - Benefits
The main benefit of a private mortgage lender and a private mortgage is flexibility. If you are managing a difficult personal situation and need financial breathing room, a private lender can offer mortgage options such as a mortgage with interest-only payments. A private mortgage is an excellent option if you need a temporary influx of cash to pay off overdue bills or to weather a recent job change. Here are some of the other benefits of using private lenders:
Application review, approval, and your cash in as fast as one week (depending on the lender)
Minimal documentation requirements
No credit score requirement, no minimum income needed, and no judgment!
FINDING THE RIGHT DEAL IS AS EASY AS 1, 2, 3
Call us or apply online
Take a few minutes to talk to one of our Specialists to help us understand your situation and your goals.
Follow our simple process
Follow our simplified and proven process to allow us to personalize the best solution for you.
Receive your funds
Once your paperwork is signed, receive your funds in as little as two business days. Contact Details
We've helped a lot of people. See what they have to say!
We're proud to be top-rated among clients in Canada.
Jamil Ahmed
We would like to acknowledge the exceptional service that we received during the entire process of lending. Gogi Luthra professionalism and knowledge of the industry was impressive and truly appreciated. In the past, we have had experience with several others lenders/brokers and have found the process frustrating and tedious. Gogi went above and beyond to ensure that all of our needs were met and that everything was handled thoroughly and efficiently. We have and will continue to recommend him in the future.
Gigi Ajimal
Mr. Gogi was recommended by a friend. What was said to me, exactly I experienced with Mr. Gogi. Whole transaction was so smooth with absolutely no headache. It was done in no time. This is not my first transaction but in the past every time I dealt with something like this, it was always headache. But not with Mr. Gogi. My every question was answered and I felt he worked in my favour by giving me the best advice. He works out of his way to help his clients. Thank you again for your assistance.
Claudia Marcela Velez
Gogi was my mortgage broker for a home that I purchased on April this year. As I’m sure he would agree, it was an incredibly complicated time for new buyers. I am sure that I own a house thanks to the efforts and guidance of Gogi. He is a first-class professional, respectful, thoughtful, always considering my needs and the circumstances, that sometimes were very complicated. I recommend Gogi to anyone.
Awards and Recognition
AKAL Mortgages
Located at 202-120 Traders Blvd. E.,
Mississauga, ON L4Z 2H7.
Lic#10845, Independently Owned & Operated
Phone- 647-370-4705
Gogi Luthra, Mortgage Broker,
Akal Mortgages Inc.
Lic#10845