Private Mortgage
Top-Rated Private Mortgage Brokers in Ontario
Struggling to secure a traditional mortgage? Abhishek’s team of private mortgage brokers in Ontario specializes in connecting borrowers with trusted private lenders across Ontario, Canada. Whether you have unique financial needs, poor credit, or require a quick closing, Abhishek provides the best private mortgage service with competitive rates and flexible terms
What Is a Private Mortgage?
Private mortgages provide a flexible financing option for borrowers who may not qualify for traditional bank loans due to credit challenges, irregular income, or strict lending criteria. These short-term loans, typically ranging from six months to three years, are offered by private lenders or “B lenders” who focus more on the property’s value and equity rather than the borrower’s financial history. With faster approvals, minimal paperwork, and interest-only payment options, private mortgages are an ideal solution for real estate investors, self-employed professionals, or those recovering from financial setbacks. While interest rates are higher than conventional loans, the accessibility and speed make them a practical choice for time-sensitive purchases, refinancing needs, or bridge financing. Whether you’re looking to secure a property quickly or need temporary funding while improving your financial standing, private mortgages offer a viable alternative when traditional lenders say no.
Why Choose a Private Mortgage in Ontario?
When traditional lenders turn you down, a private mortgage in Ontario can be the flexible financing solution you need. Whether you’re a self-employed professional, have a low credit score, or need quick funding, private lenders in Ontario offer tailored options to meet your unique needs.
At Mortgage with Abhishek, we connect you with the best private mortgage brokers in Ontario to secure competitive rates and terms. Here’s why a private mortgage could be the right choice for you:
Private lenders prioritize speed and convenience, providing approvals in days—not weeks. Unlike banks, they assess your property’s value and equity rather than just your credit history.
If you’ve been denied by traditional lenders, private mortgage brokers in Ontario can help. Whether you’re dealing with past credit issues, irregular income, or need a short-term loan, private lenders offer customized solutions.
Private mortgages are ideal for real estate investors and homeowners looking to renovate. With quicker access to funds, you can seize time-sensitive opportunities or upgrade your property without delays.
Working with Mortgage with Abhishek ensures you get access to reputable private lenders in Canada, offering transparent terms and competitive rates tailored to your financial goals.
Our team provides expert advice, helping you navigate the private mortgage process smoothly. From application to closing, we ensure a hassle-free experience.
Private lenders in Ontario focus more on your property’s equity and potential rather than strict income documentation. This makes private mortgages an excellent option for freelancers, entrepreneurs, or those with non-traditional income streams who may struggle with rigid bank requirements.
Who Can Benefit from a Private Mortgage in Ontario?
A private mortgage in Ontario offers a smart financing alternative for borrowers who may not qualify for traditional bank loans. Private lenders in Ontario provide flexible solutions tailored to individual circumstances, making them ideal for:
- Self-Employed Professionals – If your income is non-traditional or difficult to verify, private lenders focus on your property’s equity rather than strict income requirements.
- Real Estate Investors – Need quick funding to secure a property or refinance? Private mortgages offer faster approvals than conventional lenders.
- Borrowers with Credit Challenges – Past credit issues don’t automatically disqualify you—top private mortgage brokers in Ontario can connect you with lenders willing to work with your situation.
- Homeowners Needing Short-Term Financing – Whether renovating, consolidating debt, or bridging a financial gap, private loans provide temporary relief with flexible terms.
At Mortgage with Abhishek, we match you with the best private lenders in Canada, ensuring a smooth and efficient borrowing experience. If traditional financing isn’t an option, a private mortgage could be your solution.
Customized Private Mortgage Solutions in Ontario – Tailored for Your Needs
Looking for flexible and personalized mortgage solutions in Ontario? Our top private mortgage brokers in Ontario connect you with reliable private lenders in Ontario, Canada, offering service designed to fit your unique financial situation. Whether you’re a self-employed borrower, have less-than-perfect credit, or need fast funding, we provide best-in-class private mortgage options to help you secure the financing you need.
Unlike traditional banks, private mortgages in Ontario come with more adaptable terms, quicker approvals, and customized repayment plans. Our network of trusted private mortgage brokers in Ontario works closely with you to find the right lender, ensuring competitive rates and transparent terms.
If you need a best alternative to conventional mortgages, explore our private mortgage solutions today—where speed, flexibility, and personalized service meet your financing goals.
Types of Private Mortgage Scenarios in Ontario
When traditional lenders turn you down, private mortgages in Ontario can be a flexible solution. Whether you’re a homebuyer, investor, or facing financial challenges, private lenders in Ontario offer tailored services to meet your needs. Here are the most common scenarios where a private mortgage can help:
Our Approach: Simple, Transparent & Effective Private Mortgages in Ontario
At Mortgage with Abhishek, we make securing a private mortgage in Ontario effortless with our straightforward, honest, and results-driven process. Whether you’re exploring private lenders in Ontario or need expert advice from top private mortgage brokers, our approach prioritizes your financial success—without the hassle.
1.Simple & Fast Approvals
Banks make you wait. We don’t. Our streamlined private mortgage service in Ontario focuses on your property’s value, not just your credit score, ensuring quick approvals—often in days, not weeks. Need funds fast? We make it happen.
2.Fully Transparent Terms
No hidden fees. No confusing fine print. We believe in clear, honest communication so you know exactly what your private mortgage in Ontario entails. With Mortgage with Abhishek, you get upfront rates, straightforward terms, and trusted guidance every step of the way.
3.Custom Solutions That Work
Every borrower’s needs are different. Whether you’re self-employed, investing in real estate, or consolidating debt, we connect you with the best private lenders in Ontario for your unique situation. Our solutions are flexible, competitive, and designed to help you succeed.
The Private Mortgage Application Process in Ontario – Simple & Straightforward
Consultation & Needs Assessment:
We begin with a free consultation to understand your financial situation and goals. As leading private mortgage brokers in Ontario, we’ll explain your options and recommend the best solution for your needs.
Document Preparation
Unlike traditional banks, private lenders in Canada focus more on your property’s value than credit history. We’ll help you gather essential documents, including:
Property details and valuation
Proof of income (if applicable)
Identification documents
Lender Matching & Application
Our extensive network connects you with the best private lenders in Ontario. We handle the entire application process, negotiating terms that work for you.
Fast Approval & Funding
Private mortgages in Ontario are known for quick turnarounds. Many applications receive approval within 2-5 business days, with funds available shortly after.
Ongoing Support
Even after funding, our service continues. We’re here to answer questions and help you plan your next steps.
Why Choose Mortgage with Abhishek for Your Private Mortgage in Ontario?
When it comes to securing a private mortgage in Ontario, you deserve a broker who puts your needs first. At Mortgage with Abhishek, we combine expert knowledge with personalized service to deliver the best private mortgage solutions across Ontario. Here’s what sets us apart:
Expert Guidance from a Top Private Mortgage Broker in Ontario
With years of experience connecting borrowers with private lenders in Canada, I provide:
- Clear explanations of all your options
- Honest advice about rates and terms
- Strategic solutions tailored to your unique situation
Access to the Best Private Lenders in Ontario
Stress-Free, Client-Focused Service
Local Ontario Expertise with a Personal Touch
Fast Results When You Need Them Most
Understanding Fees for Private Mortgages in Ontario
At Mortgage with Abhishek, we believe in full transparency when it comes to private mortgage costs. As one of the top private mortgage brokers in Ontario, we’ll guide you through all potential fees so there are no surprises. Here’s what you should know about costs associated with private mortgages in Ontario:
Common Fees from Private Lenders in Ontario
- Most private lenders in Canada charge an administration fee
- Typically deducted from your mortgage advance
- Higher than traditional mortgages but more flexible
- Rates vary based on property type, location and your situation
- Professional service fee for arranging your mortgage
- Only payable upon successful funding
- Includes title insurance, registration fees and lawyer fees
- Similar to traditional mortgage closing costs
✔ Appraisal Fees (300−300−600) – Required for property valuation
✔ Renewal Fees – If extending your private mortgage term
✔ Prepayment Penalties – Some lenders charge for early repayment
Key Advantages of Private Mortgages
- Faster Approvals – Private lenders offer quicker approvals, often within days, ideal for urgent real estate deals or financial needs. This speed helps borrowers secure financing when traditional banks are too slow.
- Flexible Qualifications – Private lenders focus less on credit scores, benefiting self-employed borrowers or those with past credit issues. This makes homeownership accessible to more people.
- Customized Solutions – Private mortgages can be tailored for fix-and-flip projects, bridge financing, or debt consolidation. Borrowers get flexible terms that banks may not offer.
- Access to Equity – Even with poor credit, borrowers can secure loans based on property value. This helps homeowners unlock capital when banks deny them.
FAQ
Private mortgages work best when you:
✔ Need financing quickly (within days)
✔ Have credit challenges or non-traditional income
✔ Require short-term funding for investments
✔ Need bridge financing between property transactions
✔ Can’t qualify through traditional lenders
Key differences include:
- Faster approval (days vs weeks)
- Focus on property value over credit score
- Higher interest rates (6-12%)
- Shorter terms (typically 1-3 years)
- More flexible qualification criteria
Private lenders in Ontario commonly work with:
• Self-employed professionals
• Real estate investors
• Borrowers with past credit issues
• Those needing quick closing on unique properties
• Homeowners seeking debt consolidation
Expect rates between 6-12%, with exact rates depending on:
- Property type and location
- Loan-to-value ratio
- Borrower’s financial profile
- Current market conditions
With our streamlined process:
✓ Pre-approvals in 24-48 hours
✓ Full approvals in 2-5 business days
✓ Funding available within 1 week for urgent cases
Typical costs include:
• Lender fees (1-3% of loan amount)
• Appraisal fees (300−300−600)
• Legal/closing costs (1,500−1,500−3,000)
• Broker service fees (0.5-2%)
Absolutely. Private lenders in Canada focus primarily on:
- Property equity
- Exit strategy
- Overall financial picture
Rather than credit scores alone
Most common term lengths:
✓ 1 year (most common)
✓ 2 years
✓ 3 years
With flexible renewal options
The Mortgage with Abhishek advantage:
✔ Access to multiple private lenders in Ontario
✔ Expert rate and term negotiation
✔ Streamlined application process
✔ Ongoing support through renewal
We help clients:
✓ Improve credit during private mortgage term
✓ Strategize optimal refinancing timing
✓ Connect with traditional lenders when ready
✓ Minimize costs during transition
A private mortgage is a home loan funded by an individual or private lending company instead of a traditional bank. They are often short-term (1–3 years) and are commonly used when borrowers don’t qualify with banks due to credit challenges, income type, or urgent financing needs.
Private mortgage rates are higher than traditional bank rates. In Ontario, they typically range from 8% to 15%, depending on the borrower’s credit profile, loan-to-value ratio (LTV), and the property’s location and condition.
Yes, private lending is legal in Ontario and regulated under provincial and federal laws. Licensed mortgage brokers help connect borrowers with reputable private lenders to ensure compliance with all regulations.
Yes. Private mortgages are an option if you don’t qualify for a bank loan or need quick access to funds. They are commonly used for debt consolidation, bridge financing, investment properties, or situations where income proof is limited.
You can use a private mortgage calculator to estimate monthly payments based on loan size, interest rate, and term. Since private rates vary widely, working with a broker ensures you get tailored calculations based on your unique situation.
- Sufficient home equity (usually up to 75%–80% LTV)
- Property appraisal
- Proof of income or repayment strategy
- Exit plan (how you’ll pay off or refinance the loan)
- Credit score matters less than equity and repayment ability.
Private mortgages must be registered on title with the Land Registry Office in Ontario, typically handled by a real estate lawyer. This protects both the borrower and the lender by making the mortgage a legally enforceable lien against the property.
Mortgages must be arranged through a licensed mortgage broker or directly with a registered private lender.
All fees, interest rates, and terms must be disclosed in writing.
Borrowers must meet the legal obligations of repayment, and lenders must follow the Mortgage Brokerages, Lenders and Administrators Act (MBLAA).
