They refinance your property and you get a return of 12 - 15% and are able to pay your mortgage (they give a 2.6% variable) and whatever is left is profit.
Your security is real estate so if the borrower defaults, you're on title and get ownership of the borrower's property.
http://www.Profunds.ca
I'm curious about all the fine details so I submitted an application to see their process.
Your security is real estate so if the borrower defaults, you're on title and get ownership of the borrower's property.
http://www.Profunds.ca
I'm curious about all the fine details so I submitted an application to see their process.