When does a private mortgage make sense?

Private mortgages are useful for self-employed borrowers, recent divorces, credit challenges, or unique properties. They provide short-term financing while working toward traditional approval.

How much can I borrow with a private mortgage?

Most private lenders in Ontario fund up to 75% of your property’s value (Loan-to-Value ratio). Some may go higher for strong locations or additional security.

What are typical private mortgage rates and fees?

Rates usually range from 8%–14% depending on location, equity, and risk. There are also lender and broker fees that can be paid from the mortgage proceeds.

Can I pay off a private mortgage early?

Yes. Most private mortgages are open after a few months, letting you refinance with a bank or B lender when ready — without major penalties.

How do I get approved for a private mortgage?

Approval is based mostly on property value and available equity, not income or credit. Contact info@myrealestatecalculator.ca to review your situation and explore your options.

Private Mortgages - My Real Estate Calculator

Q: What is a private mortgage?

A private mortgage is a loan funded by an individual or private company instead of a bank. It’s often used when borrowers don’t qualify for traditional financing due to income verification, credit score, or property type.

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Private Mortgages:

Resources, Tools and Free Guides

Understand how private lending works - and discover how much equity you can access today.

WHAT IS A PRIVATE MORTGAGE AND WHO IS IT FOR?

A private mortgage is a short-term loan (usually 6 months–2 years) from lenders who approve based on your home equity.

Ideal borrowers:

Have bad credit or recent late payments
Are self-employed with non-traditional income
Need funds during a divorce
Need to stop a power of sale
Want to consolidate debt using home equity
Need bridge financing or fast closing funds

If you’re in a stressful or time-sensitive situation, private lending can give you a fast solution without the long bank process.

HOW IT WORKS

Tell us about your property — 2 minutes
Get a quote in 24–48 hours
Review your options with no obligation
Sign and receive funds

We compare multiple private lenders to find the best rate and structure for your situation.

Free tools

Private Mortgage Calculators & Quick Checks

Use these simple tools to estimate eligibility, equity, and total savings. Once live, each calculator will include a short form for personalized results.

LTV & Equity Calculator

Enter your property value and current mortgage balance to estimate usable equity and your maximum loan-to-value for private lending.

Ideal for: Equity take-out, second mortgage, or refinance scenarios

Calculate Equity

Private Mortgage Payment Calculator

Easily calculate monthly payments for a first or second mortgage

Ideal for: Comparing the cost between paying high interest debt vs. a private mortgage or the cost of tapping into equity quickly

Calculate

These tools are designed to give you a quick estimate before speaking with a mortgage professional. Detailed, personalized assessments will be available directly within each calculator soon.

October 30, 2025

How Does a Private Mortgage Work in Ontario?

How Do Private Mortgages Work in Ontario? If a big bank has ever said “no” to your mortgage application, don’t worry—you still have options. One of the most flexible and fastest solutions in Ontario...

Canadian Real Estate Private Mortgage Debt Consolidation Ontario

Private Mortgage Inquiry

Private Mortgage Calculators & Quick Checks

LTV & Equity Calculator

Private Mortgage Payment Calculator

How Does a Private Mortgage Work in Ontario?