Our Services
Private Mortgage Solutions
Tailored to Your Needs
We offer a full range of private mortgage services to help homeowners across Ontario, Alberta, and Manitoba. Whatever your situation, we have a solution.
Private Mortgages
First & Second Mortgage Financing
When banks say no, private lenders say yes. Private mortgages are short-term loans secured by your property, offered by individual investors or Mortgage Investment Corporations (MICs). They focus on the equity in your home rather than your credit score or income verification.
Key Features
- Loan amounts from $50,000 to $2,000,000+
- Terms from 6 months to 3 years
- Interest-only payment options available
- First and second mortgage positions
- Residential and commercial properties
- No minimum credit score required
Ideal For
- Self-employed borrowers without traditional income proof
- New immigrants establishing credit in Canada
- Borrowers with bruised credit needing bridge financing
- Real estate investors needing fast closings
Second Mortgages
Access Your Home Equity
A second mortgage lets you borrow against the equity in your home without touching your existing first mortgage. This is ideal when you have a great rate on your first mortgage but need additional funds for renovations, investments, or other expenses.
Key Features
- Keep your existing first mortgage rate
- Borrow up to 85% of your home's value
- Use funds for any purpose
- Quick approval and funding process
- Flexible repayment terms
- Available for residential properties across Ontario, Alberta, and Manitoba
Ideal For
- Homeowners with low first mortgage rates they want to keep
- Those needing funds for home improvements or renovations
- Debt consolidation without refinancing your first mortgage
- Down payment for an investment property
Bad Credit Mortgages
Your Equity Matters More Than Your Score
Life happens - job loss, divorce, medical emergencies, or business setbacks can damage your credit. Traditional banks focus on credit scores, but private lenders focus on what matters: the equity in your property. We connect you with lenders who understand that your credit score doesn't define your ability to make payments.
Key Features
- No minimum credit score requirement
- Past bankruptcies and consumer proposals considered
- Collections and judgments are not automatic disqualifiers
- Focus on property equity and current ability to pay
- Opportunity to rebuild credit with successful payments
- Path back to traditional lending within 1-2 years
Ideal For
- Borrowers who've been declined by banks and credit unions
- Those recovering from bankruptcy or consumer proposal
- Homeowners with tax arrears or CRA liens
- Anyone needing a fresh start financially
Stop Foreclosure & Power of Sale
Protect Your Home - Time Is Critical
If you've received a Notice of Sale or your lender has begun power of sale proceedings, time is not on your side. A private mortgage can pay off your arrears and stop the process, giving you time to get back on your feet or sell your home on your own terms rather than at a fire sale.
Key Features
- Emergency funding available within days
- Pay off mortgage arrears and stop power of sale
- Cover legal fees and penalties
- Buy time to sell your home at fair market value
- Refinance into better terms once stabilized
- Experienced team that understands the urgency
Ideal For
- Homeowners who've received a demand letter or Notice of Sale
- Those behind on mortgage payments by 3+ months
- Properties with CRA liens or tax sale notices
- Anyone at risk of losing their home
Debt Consolidation
One Payment. Lower Stress.
High-interest credit cards, lines of credit, and personal loans can spiral out of control. By consolidating your debts into a single mortgage payment secured by your home equity, you can dramatically reduce your monthly obligations and start making real progress on paying down what you owe.
Key Features
- Combine all debts into one monthly payment
- Significantly reduce your total monthly obligations
- Lower overall interest costs vs. credit cards
- Stop collection calls and creditor harassment
- Improve your cash flow immediately
- Create a clear path to becoming debt-free
Ideal For
- Homeowners with multiple high-interest debts
- Those making only minimum payments on credit cards
- Borrowers whose monthly debt payments exceed 40% of income
- Anyone feeling overwhelmed by multiple creditors
FAQs
Frequently Asked Questions
Most private mortgage applications are approved within 24 hours. Once approved and all documentation is in order, funding typically occurs within 5 to 7 business days. For urgent situations like stopping power of sale, we can often expedite the process.
Private mortgage rates generally range from 6.95% to 12.99% depending on the loan-to-value ratio, property type, location, and your overall profile. While higher than bank rates, private mortgages provide access to financing when banks are not an option.
Most private lenders will lend up to 75-85% of your property's appraised value (loan-to-value ratio), minus any existing mortgages. For example, if your home is worth $500,000 and you owe $300,000, you could potentially access up to $125,000.
No. Unlike banks, most private lenders do not require traditional income verification like T4 slips or Notices of Assessment. Approval is based primarily on the equity in your property and the loan-to-value ratio.
Most private mortgage terms allow for early repayment. Some may include a small prepayment charge (typically 1-3 months of interest), but many lenders offer open terms. We always negotiate the most flexible terms possible on your behalf.
Typical costs include a lender fee (1-2% of the mortgage amount), legal fees for the mortgage registration, and an appraisal fee. Broker fees are also applicable. We provide a complete breakdown of all costs upfront before you commit to anything.
Not Sure Which Option Is Right for You?
Call us for a free, no-obligation consultation. We'll help you find the best solution for your situation.