Private mortgage
Private mortgages are funded by individual or institutional investors. They can be an option when you need flexibility, have unique circumstances, or need faster approval than a bank or traditional lender can offer.
We work with reputable private lenders and can explain terms, rates, and when a private mortgage makes sense versus other products. Call us to discuss your situation and get a no-obligation quote.
Call us: +1 (905) 232-1259
What is a private mortgage?
A private mortgage is a loan from a non-institutional lender—often a private individual, group, or mortgage investment corporation. Terms, rates, and criteria differ from bank or credit union mortgages. Private lenders may be more flexible on credit history, income documentation, or property type, but rates are typically higher and terms may be shorter (e.g. one to three years).
When a private mortgage may fit
Private mortgages are often used when traditional lenders have declined an application, when timing is tight (e.g. bridge financing), or when the property or borrower doesn’t fit standard guidelines. They can be a short-term solution with a plan to refinance to a conventional lender later. We’ll help you understand the costs and whether a private mortgage is the right step for you.
Things to consider
Private mortgage rates and fees are generally higher than conventional mortgages. Terms are often shorter, so you’ll need a plan for renewal or refinancing. We’ll explain all costs, renewal options, and how to prepare for a possible move to a traditional lender when the time is right.
Discuss a private mortgage
Call us to see if a private mortgage is right for you.
Call us: +1 (905) 232-1259