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PRIVATE MORTGAGE LOANS

Property Assessment
The Borrowers are required to provide a current valuation on the property provided by a Licensed Valuer.

As well, a Comparative Market Analysis report is prepared to show pertinent information regarding the locality of the property, amenities for the area, growth statistics, etc., to assess the “risk” of disposing of the property in the unfortunate event the Borrower defaults either by way of a breach of the loan terms, or defaults in the repayments.

On occasions, a site inspection is required which is paid for by the Borrower.