Opting for a private mortgage in Mississauga can be appealing for several reasons. Individuals with poor credit or those who are self-employed often encounter hurdles when applying for traditional bank mortgages. Low credit scores or past bankruptcies can complicate the mortgage approval process, but private lenders tend to be more flexible, offering necessary financing to these individuals. Similarly, conventional lenders demand proof of consistent income, which can be difficult for self-employed people or those with atypical income streams. In such scenarios, private lenders provide greater flexibility in their criteria, making it feasible for these individuals to secure a mortgage.