Mortgage Services
When traditional lenders say no, there are still options.
Get StartedThe Basics
Private mortgages are loans from individual investors or investment groups, not banks. They lend against the equity in your property, which means they care far less about your credit score or income documentation than a traditional lender would. Their primary concern is the value of the asset securing the loan.
Because private lenders take on more risk, they charge higher rates, typically 8% to 14% depending on the file. Terms are short: usually 6 to 12 months, sometimes up to two years. Approval can happen within days, and funding can follow within a week or two.
Private mortgages are almost always a short-term tool, not a long-term home. The goal is to use them to stabilize your situation while you work toward qualifying with a B-lender or bank.
Use Cases
01
A bankruptcy, consumer proposal, or series of missed payments can make traditional lenders walk away. Private lenders look at the property first. If there's enough equity, your credit history is much less of a barrier.
02
You've bought a new home but your current one hasn't sold yet. A private mortgage can bridge the gap, short-term, flexible, and designed for exactly this kind of timing mismatch.
03
Banks get nervous about raw land, unusual builds, or properties with environmental issues. Private lenders are often more comfortable with complexity, as long as the loan-to-value makes sense.
04
New business, recent immigration, complex income structure. Situations where you can't neatly document income to a bank's satisfaction but you have real assets and a real ability to repay.
The Plan
I won't put you into a private mortgage without a clear plan for getting out of it. That's non-negotiable. The higher cost only makes sense if there's a defined path back to conventional financing, whether that's improving your credit over 12 months, selling a property, or restructuring your income documentation.
The exit options are usually one of three things: refinance with a B-lender after improving your credit profile, refinance back to an A-lender once you have two years of clean history, or sell the property and repay the loan from proceeds. We'll talk through which applies to you before anything is signed.
Private mortgages are a tool, a useful one in the right circumstances. But they're not a destination.
Get Started
Not sure if this applies to your situation? One call usually gives you a clear answer.
