Private lenders in Kawartha Lakes mostly offer private mortgage loans using mortgage agents. To get approved by a private lender in Kawartha Lakes a person needs to have a fair amount of equity in their home or a big down payment (if purchasing). Private lenders who lend in Kawartha Lakes will usually provide short-term mortgage financing for 1 or 2 years until the person can be approved by a bank, etc. Most private lenders will borrow up to 75% of the value of the property being used as security if the property is located within a major city(private mortgages will usually not exceed 75% of the value of the property unless the property is located in a city with a population of over 450,000). Private mortgage lenders normally prefer to provide financing for properties which are located within city limits however some private lenders will borrow in small towns or rural areas as well. The lender may only borrow between 50 to 65% of the value of the property when financing outside of the city especially in very rural areas.