Private Mortgages Ontario
Alternative Lending When Banks Say No
Private mortgages provide short-term financing for Ontario homeowners who don't qualify through traditional lenders — ideal for credit challenges, self-employed, or complex situations.
Key Benefits
- ✓Qualify based on equity, not credit score or income
- ✓Fast approvals — often within 48–72 hours
- ✓May help address time-sensitive situations including power of sale and tax arrears
- ✓Bridge the gap to bank qualification
- ✓Second mortgages available alongside existing mortgages
- ✓Access to multiple private lenders and MICs
About Private Mortgages
Private mortgages are loans funded by private investors or mortgage investment corporations (MICs) rather than chartered banks. They're asset-based — meaning your home equity is the primary qualification factor, not your income or credit score.
In Ontario, private mortgages are commonly used for: - Credit-challenged borrowers who don't qualify at A or B lenders - Self-employed with insufficient income documentation - Debt consolidation when speed matters - Bridge financing between property transactions - Renovation financing while you wait for a bank refinance - Urgent situations: CRA tax arrears, power of sale prevention
Private mortgage rates are higher than bank rates (typically 8–14% in Ontario), but they serve situations where no other financing is available. They're typically structured as 1–2 year terms to bridge the gap while the borrower improves their situation or builds a track record.
As licensed Ontario mortgage brokers, we access a network of private lenders and MICs to find competitive private mortgage solutions tailored to your specific situation.
Private Mortgages — Frequently Asked Questions
Private Mortgages Across Ontario
We provide private mortgages services to homeowners in cities across Ontario.
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FSRA Licensed · Fees disclosed upfront · All of Ontario
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