Toronto and the Greater Toronto Area
Private Mortgages and Second Mortgages in Toronto
Private Mortgages Toronto arranges private first mortgages, second mortgages and equity loans across Toronto and the Greater Toronto Area. Approval is based mainly on your property equity and exit plan, not just credit or income, with up to 85% combined loan to value on strong GTA properties and funding in as little as a few business days.
Meshesha Robel, Mortgage Agent Level 2, FSRA #M15001135 · Mortgage Alliance, FSRA #10530
Text Or Call Me Anytime. That's The Best Way To Reach Me For A Fast Response.
Up to 85%
combined loan to value on strong GTA properties
Days, not weeks
funding in as little as a few business days
50+ lenders
private lenders, MICs, B lenders, credit unions and banks
24/7
open 24 hours, 7 days, call or text anytime
Products
Private mortgage solutions for every situation
Every service below has its own detailed guide covering who it is for, typical terms, costs, documents and exit strategy.
Core Lending
Credit and Debt Solutions
Purchase, Bridge and Construction
Investment and Commercial
Life Situations
- Power of Sale and Foreclosure Help
- Mortgage Arrears Solutions
- Property Tax Arrears Loans
- Self Employed and Stated Income Mortgages
- Bankruptcy and Consumer Proposal Mortgages
- Newcomer and Non Resident Private Mortgages
- Divorce and Separation Spousal Buyout Mortgages
- Estate and Inheritance Mortgages
- Private Mortgages for Seniors and Retirees
How it works
Four clear steps from first call to funding
- 1
Call, text or apply
Tell us about the property, your goal and your timeline. No cost, no obligation, and no credit pull to start.
- 2
We compare 50+ lenders
We match your file to the private lenders, MICs, B lenders, credit unions and banks most likely to approve it.
- 3
Written offer and full disclosure
You receive a written commitment showing the rate, term, lender fee, broker fee and every cost before you sign.
- 4
Appraisal, legal and funding
An independent appraisal and your lawyer complete the file. Funds can arrive in as little as a few business days.
Who we help
Equity based lending when the banks say no
Bad credit
Low scores, collections or late payments.
Learn moreSelf employed
Business owners with complex income.
Learn morePower of sale
A notice of sale has been served.
Learn moreMortgage arrears
Missed payments that need catching up.
Learn moreNewcomers
New to Canada with limited credit history.
Learn moreBankruptcy and consumer proposal
Active or recently discharged.
Learn moreBank declined
Turned down by a bank or B lender.
Learn moreRenewal problems
Your lender will not renew.
Learn moreSecond mortgages
Second mortgages in Toronto without selling or breaking your first
A second mortgage lets you borrow against your home equity while keeping your current first mortgage, its rate and its term in place. GTA homeowners use second mortgages to consolidate high interest debt, pay property tax or CRA arrears, stop a power of sale, renovate, or fund a purchase or business opportunity.
Read the complete second mortgage guidePrivate lenders GTA
Why borrowers use private mortgage lenders
- Approval based on equity, not only credit score or income
- Decisions in hours and funding in days, not weeks
- Flexible, often interest only payments for 6 to 24 months
- Solutions for arrears, power of sale, renewals and closings
Compare
Private lender vs bank vs B lender
| Bank (A lender) | B lender | Private lender | |
|---|---|---|---|
| Main approval factor | Income, credit and stress test | Income and credit, more flexible | Property equity, location and exit plan |
| Credit score | Strong credit expected | Fair credit considered | Bad credit often considered |
| Income proof | Full documentation | Some flexibility | Flexible, stated or equity based |
| Typical term | 1 to 5 years or longer | 1 to 3 years | 6 to 24 months |
| Speed | Weeks | One to three weeks | As little as a few business days |
| Payments | Principal and interest | Principal and interest | Often interest only |
| Cost | Lowest rates | Moderate rates and fees | Highest rates plus lender and broker fees |
| Best for | Long term financing | Bridging to bank terms | Short term solutions with a clear exit |
Cost transparency
Every cost, in writing, before you sign
Private mortgages cost more than bank financing. We show you the full picture up front so you can decide with confidence.
Interest
Charged on the loan amount, usually interest only. Rates are higher than bank rates and depend on equity, location, credit and exit.
Lender fee
A one time fee charged by the private lender, usually deducted from the advance at closing.
Broker fee
A one time fee for sourcing, structuring and negotiating the mortgage, disclosed in writing before you sign.
Legal fees
Your lawyer registers the mortgage and protects you. The lender may also have its own lawyer.
Appraisal
An independent appraisal confirms value. Cost depends on property type and location.
Rates, terms, and fees vary by lender and are disclosed in writing before you sign. Try the private mortgage cost calculator.
Exit strategy
A private mortgage is a bridge, not a destination
Before we arrange any private mortgage, we plan how you will pay it out. A clear exit is what lenders look for and what protects you.
Refinance to a bank or B lender
Rebuild credit, file taxes or season income, then move to lower cost financing.
Sell the property
Use the private term to sell on your schedule instead of under pressure.
Receive expected funds
Pay out with an inheritance, sale of another property, business proceeds or settlement.
Renew with a lower ratio
Pay down the balance so the next term qualifies for better pricing.
Calculators
Run your numbers
Areas
Private mortgages across the Greater Toronto Area
City of Toronto
- Private mortgages Toronto
- Private mortgages Downtown Toronto
- Private mortgages Midtown Toronto
- Private mortgages North York
- Private mortgages Willowdale
- Private mortgages Don Mills
- Private mortgages Bayview Village
- Private mortgages Lawrence Park
- Private mortgages Forest Hill
- Private mortgages Rosedale
- Private mortgages Yorkville
- Private mortgages The Annex
- Private mortgages Leaside
- Private mortgages East York
- Private mortgages York
- Private mortgages Scarborough
- Private mortgages Agincourt
- Private mortgages Malvern
- Private mortgages Etobicoke
- Private mortgages Mimico
- Private mortgages Islington
- Private mortgages Rexdale
- Private mortgages The Beaches
- Private mortgages Leslieville
- Private mortgages Riverdale
- Private mortgages The Danforth
- Private mortgages High Park
- Private mortgages Roncesvalles
- Private mortgages Liberty Village
- Private mortgages Junction
- Private mortgages Weston
York Region
- Private mortgages Vaughan
- Private mortgages Woodbridge
- Private mortgages Maple
- Private mortgages Kleinburg
- Private mortgages Concord
- Private mortgages Thornhill
- Private mortgages Markham
- Private mortgages Unionville
- Private mortgages Richmond Hill
- Private mortgages Aurora
- Private mortgages Newmarket
- Private mortgages King City
- Private mortgages Stouffville
- Private mortgages East Gwillimbury
- Private mortgages Georgina
Frequently asked questions
What is a private mortgage in Toronto?
A private mortgage is a loan secured by your home or property that comes from a private lender or mortgage investment corporation instead of a bank. Approval focuses on equity, property location and your plan to repay, so it can help people with bad credit, self employed income, arrears or urgent deadlines.
How much can I borrow with a private or second mortgage in the GTA?
Most private lenders will lend up to 75% to 85% combined loan to value on strong GTA properties, meaning all mortgages together. For example, on a home worth $1,000,000 with a $500,000 first mortgage, a second mortgage could reach roughly $250,000 to $350,000, subject to lender approval.
How fast can a private mortgage close?
Many private mortgages fund in as little as a few business days once the appraisal, documents and legal work are complete. Urgent files such as power of sale or closing deadlines are prioritized.
Do you need good credit for a private mortgage?
No. Private lenders look mainly at the property and your exit strategy. Bad credit, consumer proposals, bankruptcy and collections are often considered when there is enough equity.
What does a private mortgage cost?
Expect interest that is higher than bank rates, usually interest only, plus a lender fee, a broker fee, legal fees and an appraisal. Every cost is disclosed in writing before you sign.
Do you charge anything to talk?
No. There is no cost, no obligation and no credit pull to start a conversation. Call or text 647-342-1355 anytime, 24 hours a day, 7 days a week.
Talk to a licensed agent today
Text Or Call Me Anytime. That's The Best Way To Reach Me For A Fast Response. Open 24 hours, 7 days.