Private & Alternative Mortgage Solutions

Winnipeg and Manitoba Mortgages Made Easy

Private and Alternative Mortgage Solutions for people in Winnipeg and across Manitoba

Struggling with Traditional Mortgage Approval? Our Private and Alternativ Mortgage Solutions Pave the Way Forward!

We are your trusted Winnipeg and Manitoba Mortgage Brokers

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Why Choose Us For Your Private or Alternative Mortgage Needs?

We are one of the most respected brokerages in the Winnipeg area when it comes to renewing your Winnipeg mortgage and our goal is to provide the people of Manitoba with some of the best mortgage solutions anywhere in the province.

  1. 1

    Wide Range of Options

    As Winnipeg Mortgage brokers, we offer access to numerous lenders, including those not available to the public, ensuring you find a mortgage product that perfectly fits your financial needs.

  2. 2

    Expert Guidance

    With our mortgage expertise, we provide personalized advice to navigate complex mortgage terms and conditions, helping you make well-informed decisions.

  3. 3

    Cost and Time Efficiency

    We are able compare various mortgage deals to secure competitive rates and terms, potentially saving you money and simplifying the application process to save you time.

  4. 3

    Ongoing Support

    From start to finish, mortgage brokers such as ourselves, offer continuous assistance, handling paperwork, resolving issues, and ensuring a smooth mortgage application process.

More About The Spooner Group

The Spooner Group originated in 2016 when Tracy founded the brokerage. We offer over 32 years of experience in mortgage financing, real estate and law. Our award-winning team is looking forward to assisting you with all your mortgage needs.

We offer competitive mortgage rates with many features for you to choose from. Our unbiased advice will continue long after your mortgage has funded. We look forward to building a relationship with you for years to come.

The Spooner Group

What Our Winnipeg Mortgage Clients Have To Say

'Taylor was amazing! She helped us buy our first home with no stress, she was very responsive and helped us with any issues / questions we had. Will definitely recommend the spooner group to anyone i know in need of a mortgage group !'
Jenna Maclean
'The Spooner Group is amazing! Super helpful and will promptly answer all questions. Really loved my experience working with this team.'
Courtney Sabo
'Tracy is absolutely FANTASTIC. She goes above and beyond to help her clients. She's extremely professional and friendly to talk to, and is very knowledgeable about what she does. I would definitely recommend!!'
Katrina Maleski
'Couldn’t ask for better service! They went out of his way to ensure we got approved quickly on our mortgage so we could put in an offer. Being first time home buyers he was able answer any questions that we had and was very communicative throughout the whole process. Thank you Dave!'
Lane Sokolowski

Winnipeg & Manitoba Private and Alternative Mortgage Lending Frequently Asked Questions

We get lots of questions from Winnipeg home owners when it comes to the benefits of private or alternative lending. Below are just a few of the most common items and as always, we are glad to answer any questions you might have.

What are private or alternative mortgage solutions?

Private or alternative mortgages are offered by lenders outside of traditional banks or financial institutions. These can include private individuals, investment companies, or specialized mortgage firms. They are often sought after by individuals who may not qualify for traditional mortgages due to stringent lending criteria.

Who typically uses private or alternative mortgage solutions?

Borrowers who might not meet the strict requirements of traditional banks due to factors like lower credit scores, non-traditional income sources, or the need for a more flexible lending solution often turn to private or alternative mortgages.

What are the main differences between private mortgages and traditional bank mortgages?

Private mortgages often have shorter terms, higher interest rates, and may come with higher lending fees. They are usually seen as short-term solutions for borrowers looking to improve their financial situation or credit rating before transitioning to a traditional mortgage.

Are private or alternative mortgages more expensive than traditional mortgages?

Yes, typically, due to the higher perceived risk by the lender, private mortgages can have higher interest rates and fees compared to traditional bank mortgages. It's important to thoroughly understand the terms and costs before proceeding.

Can I use a private or alternative mortgage to purchase a home or refinance my property?

Absolutely. Private or alternative mortgages can be used for purchasing a new home, refinancing an existing property, consolidating debt, or financing home improvements, among other uses.

What should I consider before obtaining a private or alternative mortgage?

Consider the total cost of borrowing, including interest rates and fees, the terms of the loan, and your exit strategy to transition back to a traditional mortgage or pay off the loan. It's also crucial to understand the risks and have a plan in place to improve your financial situation during the term of the private mortgage.

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