What is it?
A partial interest mortgage is a mortgage that allows you to secure a line of credit based on your ownership stake in a property. For example, if you own 50 percent of a house and your sibling owns the other 50 percent, you can get financing without the requirement of your sibling’s signature.
Usually, a partial interest mortgage will be granted if you have own half or three-quarters of the property. It is not easy to get financing if you own less than 50 percent of the property, although some people who own just 25 percent have been able to secure a mortgage. As with other loans of this sort, the interest rates can be high and there can be additional fees involved.
Partial interest mortgage deals can be difficult to find, but they are an excellent way of securing access to credit when others option have been exhausted. Rala can help facilitate partial interest mortgages on reasonable terms and with trustworthy lenders. We stand out from other mortgage brokers because our final charge is tied to the quality of the loan deal we secure for our customers.
So if you’re looking for a home equity loan but can’t get approval from your bank, we are the people to speak to. We strive to ensure that every deal we make is as empowering and effortless as possible. Unlike other mortgage brokers, who aren’t always completely upfront, our charge is based on the risk associated with your loan, not on any undeclared finder’s fees.
Our Process
01Due Diligence
To ensure that you get the loan you need - and to provide you with best the deal the market has to offer - we will treat your finances with due diligence throughout the loan application process.
Learn More
01Due Diligence
02Fair Service Charge
Other mortgage brokers make their money on the basis of a finder’s fee. But at Rala, our charge reflects the risk associated with the final loan agreement, so our fee depends on your loan deal.
Learn More
02Fair Service Charge
03Access To Exclusive Lender’s Network
Rala is trusted by a huge network of lenders - and because they trust us, we know precisely how to negotiate with them on your behalf, making them more likely to lend at a good rate.
Learn More
03Access To Exclusive Lender’s Network
04Arranging Secondary Lenders
Most of our deals involve a backup lender - and with our huge network of lenders, we will always find a secondary lender that can guarantee your loan deal.
Learn More
04Arranging Secondary Lenders
05Going Through The Details
Once we’ve found a lender ready to facilitate your loan, we will help them draft a loan offer. Then we’ll explain the legal technicalities. After that, the money will be transferred to your lawyer.
Learn More
05Going Through The Details
Our Guarantee
- No Charge Until The Deal Is Done
- Charge Based On Risk, Not Lender’s Fee
- No Undisclosed Lender’s Finder Free
- No Financial Product Up-Selling
No Charge Until The Deal Is Done
Because we value our customers, you won’t face any charges until your loan agreement is fully approved and the loan is already on its way to your account.
Charge Based On Risk, Not Lender’s Fee
Unlike other mortgage brokers, who aren’t always completely upfront, our charge is based on the risk associated with your loan, not on any undeclared finder’s fees.
No Undisclosed Lender’s Finder Free
We offer a service that is totally transparent and, as far as possible, operates in consultation with you, which is why we will never impose undisclosed finder’s fees on you.
No Financial Product Up-Selling
Our approach to business is based on trust and integrity, so we won’t try to attach any financial products to your loan agreement that you don’t need.
Testmonials
Christian Noel
An absolute pleasure to deal with. Answered questions day and night and made the whole process of getting a mortgage for my rental property as painless as possible. I was able to focus on hiring a Richmond rodent control team. painters and cleaners to finish up the property. We highly recommend working with Allan and will definitely be returning when it's time for renewal. Thanks again Allan for all your help!Cristian Bishop
Allan delivers exemplary service. His incisiveness and attention to detail really helped me to secure a private mortgage that was better than any bank offered. He was able to make time for me with my busy schedule as a roofer in Maple Ridge to go through a number of papers and documents that I need to sign and simplified for a person like me. His service did not stop after the mortgage closed but he continues to be helpful and understanding to this day. I would recommend him to anyone.
Ebonie Wiley
I would highly recommend Allan. He is hard-working, very responsive to all emails and phone calls, honest, easy to work with, and trustworthy. As a pest exterminator in Coquitlam, I don't always have a lot of free time. Allan helped with the whole process. He offered a fast turnaround and excellent rates. If you are considering using a mortgage broker service, do not look any further. Simply put, I will never use a different mortgage broker again.
Anna Myers
After having dealt with different mortgage brokers for my bad credit mortgage issues, I have to say Rala investments had the quickest and the easiest process to deal with. There was never the problem of them requesting documents repeatedly from me after every process. Everything was done in a single shot and I was given regular updates on the progress. The service was prompt and quick.
John Alexander
Thank you Allan for helping me throughout my mortgage process. Your straight forward and balanced opinions gave me a sense of security and confidence. I also have to mention how quickly you responded to my queries and requests even on your days off. I will definitely recommend your service to my friends and family.
Case Studies
Loan for starting a business with Bad Credit
John has spent the bulk of his working life in the transport sector. But he recently retrained so he could get a new job in manufacturing. The shift has been really positive for him, and his new experience has given him a business idea. John’s dream is to run his own company, so he started putting together a blueprint for his own small business.
Read More
Tips & Strategies
Frequently
Asked Questions
It can be very difficult to find a mortgage with a poor credit history. The reason for this is that the majority of mainstream lenders make little effort to understand an applicant’s unique circumstances, so they will deny a mortgage application based on credit scores alone.
At Rala, we make a concerted effort to understand the specific circumstances of each applicant, which allows us to set our customers up with lenders who are likely to be much more open to authorizing a loan request. The result is that our clients not only secure access to finance but benefit from the professional advice we can provide regarding their financial situation.
A poor credit rating doesn’t stop you from getting a mortgage. Mainstream banks won’t grant you a mortgage because they believe your risk level is too high.
But here at Rala, we have built up a big network of lenders who will facilitate a loan for you regardless of your credit history. Your credit rating will affect the size of your downpayment, as well as the interest you pay to the lender. Contact us now if you have a bad credit rating but are looking of a loan.
It’s not just that you can still get a mortgage deal with a bad credit rating, you can still get a good mortgage deal with a bad credit rating. It’s true that a bad credit score will hike your risk factor and can affect your mortgage rates.
But here at Rala, we have developed such a wide network of lenders as a result of our many years in the industry, that we'll quickly find the right lender for your case. The key to our success is assessing a whole variety of factors before finding our clients the best mortgage deal.
Rala has a total commitment to transparency and honesty. We will provide straightforward, simple solutions to our customers, designed to provide you with a clear remedy to your problem.
We only charge based on the risks associated with the loan agreement and based on the loan deal. We won’t hit you with hidden finder's fees.
A mortgage broker acts as the go-between for a lender and a borrower, meaning they facilitate agreements between you and your bank or mortgage lender. They also do the legwork of searching for the best mortgage product and interest rate for you. The lender provides the funding for your loan.
According to one study, 39 percent of first-time home buyers don’t understand what brokers do. However, there are good reasons to contact a broker before you attempt to buy a house.
Mortgage brokers simplify the home buying process and help ensure that you don’t spend large amounts of money for no good reason. Mortgage brokers will help you get lower interest rates, improve your access to loans, give you the benefit of their experience, and always work on your side.
Consultation Form
Please do not hesitate to contact us by phone to discuss your situation. Rala Investments Ltd. provides first, second and third mortgages on all types of properties anywhere in British Columbia. We also arrange mortgages on partial interests in property. For a no obligation consultation, please call us today!
