Private Mortgages in GTA & Ontario
When traditional lenders can't help, private mortgages provide a pathway forward. I connect GTA and Ontario homeowners with reputable private lenders who focus on your equity—not your credit score or income documentation.
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“A bank's 'no' isn't the end of your story. It's where my network of private lenders begins.”
What Is a Private Mortgage?
A private mortgage is a loan from individual investors or private lending companies rather than traditional banks or credit unions. Private lenders focus primarily on the equity in your property—the difference between your home's value and what you owe—rather than strict income verification or credit scores. This makes private mortgages an important option for homeowners in the Greater Toronto Area who don't fit traditional lending criteria.
Private mortgages serve as bridge financing for situations where bank financing isn't immediately available. They're designed to be short-term solutions (typically 1-3 years) that help you accomplish a specific goal—whether that's purchasing a property quickly, consolidating debt, accessing equity during a difficult period, or buying time to improve your credit before transitioning to traditional financing.
While private mortgage rates are higher than bank rates (typically 7-12% in the current market), they provide solutions when no other options exist. As your mortgage broker, I work with a network of established private lenders across Ontario, ensuring you work with reputable parties, receive fair terms, and have a clear exit strategy to transition to lower-rate financing when you're ready.
Quick Facts
- Approval based primarily on home equity (65-75% LTV typical)
- Faster approvals—often within 24-72 hours
- Short-term financing: typically 1-3 year terms
- Rates typically range from 7-12% depending on risk factors
- Flexible qualification—income and credit are secondary considerations
- Exit strategy planning included—transition to traditional lending
Is This Right for You?
Time-Sensitive Purchases
Need to close quickly on a property and can't wait for bank timelines.
Credit Challenges
Recent credit issues preventing approval from traditional lenders.
Self-Employed Complications
Business income that's difficult to document for bank standards.
Unique Properties
Non-standard properties that banks are reluctant to finance.
Foreclosure Prevention
Need to pay off arrears or pending power of sale situations.
Debt Consolidation
High debt ratios making bank approval impossible despite equity.
Why Choose This Solution
Equity-Focused Approval
Private lenders care most about your property's value and your equity position. This means approval is possible even with credit challenges, complex income, or high debt ratios that would disqualify you from traditional lending.
Speed When You Need It
Private mortgages can often be approved in 24-72 hours and funded within 1-2 weeks. When timing is critical—for a property purchase, debt situation, or pending legal matter—speed matters.
Flexible Underwriting
Private lenders have discretion that banks don't. They can consider unusual circumstances, approve non-standard properties, and structure deals creatively to meet your specific needs.
Bridge to Better Options
A well-structured private mortgage includes an exit strategy. I'll help you use this time to improve your situation—rebuilding credit, stabilizing income, or resolving issues—so you can qualify for traditional rates later.
Your Path Forward
Situation Assessment
We'll discuss why traditional financing isn't working and confirm that private lending is the right solution. I'll explain the costs transparently and ensure you understand the commitment.
Property Valuation
We'll establish your property's current market value to determine how much equity is available. This is the primary factor in private mortgage approval.
Lender Matching
I'll connect you with reputable private lenders from my network who specialize in your type of situation. You'll receive clear terms, rates, and fee disclosure before committing.
Funding & Exit Planning
Once funded, we'll create your exit strategy—specific steps to transition to traditional financing within your private mortgage term, saving you money long-term.
“When banks close doors, private lenders open them. Over 200 GTA homeowners helped through private lending solutions.”
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Frequently Asked Questions
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