Mortgage Professor
Private Mortgages in Ontario
When traditional lenders say no, private mortgages offer a lifeline. Fast, equity-based financing with approvals in days — not weeks.
Private mortgages exist for one reason — speed and flexibility when traditional lenders can't help. Whether you're in arrears, facing a tax lien, between jobs, restructuring debt, or need to close in days rather than weeks, private lenders work on equity, not employment.
At Mortgage Professor, our team specializes in connecting Ontario homeowners with reputable Mortgage Investment Corporations (MICs) and private lenders who focus on what matters most: your property's value and your ability to exit the loan. We don't just find you a private mortgage — we plan your path back to traditional lending from day one.
With access to dozens of MICs and private investors across Ontario, we match your specific situation to the right lender. Our FSRA-licensed team handles every detail, from initial equity assessment through funding and exit strategy planning.
Quick Facts
Understanding Your Options
What is a Private Mortgages?
A private mortgage is a short-term, equity-based loan (typically 6-24 months) funded by Mortgage Investment Corporations (MICs), private syndicates, or individual investors. Unlike banks that scrutinize your income, credit score, and debt ratios, private lenders focus primarily on your property's value and your exit strategy.
Private mortgage rates typically range from 8-14%, with lender fees of 1-3% and brokerage fees of 1-2%. While more expensive than traditional mortgages, they serve a critical purpose: providing bridge financing until you can qualify for A or B lender rates.
When Private Mortgages Make Sense
Private mortgages aren't for everyone, but they're invaluable when you need: fast closing (5-10 business days), financing despite credit issues, solutions for arrears or tax debt, or bridge funding while waiting for other financing to close. Think of them as a financial bridge — not a destination.
MICs vs. Individual Private Lenders
Mortgage Investment Corporations pool investor funds to provide mortgages, offering more standardized terms and larger loan amounts. Individual private lenders may offer more flexibility but often with higher rates. Our team evaluates both options to find the best fit for your situation.
“Your home equity is a powerful financial tool. Let us help you use it wisely.”
The Process
How It Works
Equity Assessment
Quick valuation to confirm your property equity position and determine maximum borrowing capacity.
Lender Match
Our team taps the MIC and private lender network to find the best fit for your timeline and situation.
Approval in Days
Funding typically within 5-10 business days — sometimes faster for urgent situations.
Exit Strategy
We plan your refinance to A or B lender from day one, so you know exactly how to move forward.
Key Benefits
Why Choose This Option
Funding in 5-10 Business Days
When time is critical, private lenders can close in days rather than the 30-45 days typical of bank approvals.
No Credit Minimum
Approval is equity-based. Your credit score matters far less than your property value and equity position.
No Income Verification Required
Self-employed, between jobs, or irregular income? Private lenders focus on property, not paystubs.
Solutions for Arrears & Tax Debt
Facing power of sale, CRA liens, or mortgage arrears? Private financing can stop enforcement and give you time.
Flexible Terms
Terms tailored to your exit strategy — whether that's 6 months, 12 months, or up to 24 months.
Interest-Only Payments
Most private mortgages offer interest-only payments, keeping your monthly costs lower during the bridge period.
Eligibility
Who Qualifies
Private mortgage qualification is fundamentally different from traditional lending. The focus is on your property and your plan to repay — not your credit history or current employment situation.
Typical Requirements
- 25%+ equity in Ontario property (urban preferred; rural case-by-case)
- Clear marketable title (or title issues that can be resolved)
- Realistic exit strategy within 12-24 months
- Owner-occupied, rental, or commercial property accepted
- Property in marketable Ontario location
Not sure if you qualify? Get a free assessment.
Questions & Answers
Frequently Asked Questions
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Schedule a complimentary 30-minute consultation with our team. We'll review your situation, walk you through the options, and outline a path forward — no obligation.
Or call 647-955-9400
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