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Need To Borrow Money? Own Your Home? No Credit   No Income   No Problem

Private Mortgage Services

Get Approved in 3 Simple Steps
Step 1

    Select Type of Loan

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    Select Mortgage Request

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Step 2
  • Property Value
  • $ 50,000
  • Mortgage Request
  • $ 50,000
Step 3
Your Estimated Monthly Payment *

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Private Mortgages

When you think of traditional mortgages you probably think of your bank. However, when you visit your bank, they will require a lot of information from you in order to determine if you are eligible for financing.

If you are like many Canadians who require something alternative, that doesn’t conform to the traditional rigid lending guidelines, you need to help you secure a private mortgage.

What Is A Private Mortgage?

Private mortgages are loans that are funded by investors or groups of investors. This type of mortgage is an interest-only or amortized short term loan with terms that range from 1-3 years.

Private mortgages are ideal for those who may have poor credit because instead of relying on income and credit score, the loan is based on the property’s overall value and marketability. The Canadian mortgage system is set up in favour of those who have perfect credit and a solid borrowing history without regards to millions of other Canadians who have the ability to pay back a loan but are excluded because of mistakes they may have made in their past. For example, if you spent years trying to grow your business and in the process your credit score dropped, you may not be able to secure a conventional mortgage.

Even if you are now repairing your credit, the banks will probably deny you a loan. Conversely, if you approach you can still acquire funding because we know you have the ability to pay back the loan regardless of any prior blemishes made to your credit.

What Are The Benefits Of A Private Mortgage?

Private Mortgages provide homeowners with many benefits. Unlike with a traditional mortgage where credit and income are used as the real tools to determine how much money you will need to borrow, a private mortgage lender actually uses the home’s market value to your advantage.

Private loans are uninsured, which means that the lender relies heavily on your property’s value instead of your income and credit to determine how much you can borrow. Furthermore, private mortgages mean fast funding. At we have a 24-hour approval rate which offers quick turnaround so you can receive your funds within three days of being approved for a mortgage.

Consider a private mortgage if:

  • You are looking to refinance, as will let you unlock up to 85% of your property’s value
  • You are in the market for a rental/commercial property to use for income purposes and investments
  • You need fast financing and have little time to wait for the long traditional approval process
  • You have less than stellar credit history and have been turned down by your bank
  • You are only looking for a short-term loan using the equity in your home
  • Your income is non-confirmable because your work relies on bonuses, commissions, etc.
  • You are self employed and don’t fit the bank’s rigid criteria for refinancing

You may already qualify for a private mortgage. Contact us now and let get you the funds you need to refinance your property.



We get all situations approved

Latest Blog

What To Consider When Shopping For Mortgages

Posted by | Jun 27,2016

Are you thinking about purchasing a home? If so, then here are the questions you need to consider before you start shopping for a mortgage. What type of lender do you want to use? Mortgages are available through a wide variety of sources. You can obtain a home loan directly through lenders such as credit unions, mortgage companies, and commercial banks. You can also use a mortgage broker, who can contact lenders for you and present you will several different offers. Read More

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Being a new resident from another country and working for yourself can pose a lot of problems financially and I tried a number or people before finding Privatelend. Alicia and Sunny were quick, helpful and just made my life a whole lot easier. I can breathe again. I would recommend anyone to use them in a heartbeat.

D & E, North York

Thanks again for getting us back on track with our finances. You are all very pleasant and I have nothing but admiration for your professionalism with us in this big step we have taken at this stage of our life. We wish you the very best always.

K & S

I just finished a refinance with privatelend but it would not be complete unless I gave a shout out to my contacted people Alicia and Sunny they were competent ,prompt, easy to contact and very pleasant thanks a bunch girls great job.

Wayne from Whitby
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