The majority of our approved loans have a 12-month term. In the mortgage industry, this is considered a short term loan. Short term loans are preferred by private mortgage investors because they protect the investor by limiting exposure to long term market volatility. On a case by case basis, we do occasionally offer 6-month and 24-month loans.
Regardless of term length, all of our mortgage agreements allow for renewal at the sole discretion of the investor(s).
The above notwithstanding, we advise that mortgage investments are generally illiquid. We recommend you do not invest funds which you may need urgently as the resale of mortgage investments is possible, but cannot be guaranteed.