Question 1

What is a private mortgage broker in Edmonton?

Accepted Answer

A private mortgage broker is a licensed agent who shops mortgage investment corporations and individual private lenders when a bank will not fund the file. At Artisan, that work sits with the same RECA-licensed team that does residential and commercial — it is not a separate unlicensed shop.

Question 2

Is a private lender in Edmonton the same as a bank?

Accepted Answer

No. A private lender prices for risk and speed and usually wants a short term plus a clear exit. A bank prices for a five-year relationship and a clean credit file. We try the cheaper lane first.

Question 3

Can I get a second mortgage in Edmonton through Artisan?

Accepted Answer

Sometimes. A second mortgage is often private or alternative. It only makes sense if the first mortgage should stay put and the equity and exit support the extra payment. We will say if a refinance of the first is cleaner.