Private Mortgage Lending Toronto

We get clients with different risk profiles. While banks had mortgage interest rates at between 3.3% and 5.4% and private mortgage lenders had interest rates between 7.3% and 11% in 2018.
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Private Mortgage Lending Toronto

According to statistics from the 2019 Q1 Teranet Market Insights Report, in 2018, the big 5 banks in Canada lost 2.7% of mortgages market share in Ontario. There are several reasons why big banks and other major institutional lenders like Scotiabank, First National, MCAP/RMG, TD Canada Trust and Merix Financial are losing market share to private lenders.
  • The federal government initiated several strict lending rules to govern government-backed insured mortgages. Key among these are an increase in the minimum down payment from 0% to 5% and the reduction of the maximum amortization period.
  • For houses worth over $500,000, the restrictions are even greater. Not only do you have to put up a 5% down payment on the first half a million, but you also need to put down 10% or more on the amount exceeding $500,000. Homes worth over 1 million dollars require a 20% down payment.
  • In 2014, CMHC (Canada Mortgage and Housing Corporation) discontinued mortgage self-employed individuals who do not have third-party income validation. In Canada, 15% of the workforce is self-employed, meaning this CMHC policy impacted a large number of potential home buyers.
Mortgage Offers
pick the one thats right for you.
  • get
    $ 2,000
    on purchase over
    $500, 000
  • Receive
    $ 1,400
    when you transfer
    your mortgage of over $500,000
  • complimentary
    12 months
    Home service plan
    fint out more

When you have a poor credit score, you are self-employed, you carry more than 1 property, or you need short-term cash for debt consolidation, emergencies, or other reason, most banks will reject your application. We have a working relationship with many private mortgage lenders whom we will approach on your behalf for a mortgage. You also need a private lender if you are a foreign investor or a non-resident of Canada looking to own property. You could always visit different lenders to look for a good deal, but there are hundreds of private lenders and getting the lender with the right package for you is not easy. Hiring our team is convenient and it increases your chances of getting exactly what you need. Given that private mortgage lenders are not as established as big lenders, there is always a risk of getting an unscrupulous lender. We know all credible and reliable private mortgage lenders in Toronto so that you don’t have to worry about such things as hidden charges or even worse.

Featured Rates
  • Lender
  • Rate
  • Term
  • Toronto-Dominion
    5 years
  • Scotiabank
    5 years
  • CMLS
    5 years
  • RFA
    5 years
  • First National Bank
    3 years
  • DUCA
    5 year
  • B2B
    5 years
  • Meridian
    5 years
  • RMG Mortgage
    5 years
  • Manulife Bank
    5 years
  • Lender
  • Rate
  • Home Trust
    5 years
  • Mcap
    5 years
  • Type
  • Rate
  • Secured line of credit
  • Private mortgages
We Are Here to Help

If you would like to learn more about private mortgage lending in Ontario, contact our team. We will help you get a mortgage with the best possible rates. From fixed-rate private mortgages to variable-rate mortgages, we will find the mortgage that best suits your particular needs.

Purchase or Refinance
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What our CLients Say
Customer Testimonials
  • Avatar Wendy Harper ★★★★★
    I used Nick to renew my mortgage. He found me a better deal than my bank could offer and I intend to use him again the next time I need to renew. Nick did all the work, he made it easy and simple for me. He really knows his stuff!
  • Avatar Boyd Wehner ★★★★★
    I used Nick to renew my mortgage. He found me a better deal than my bank could offer and I intend to use him again the next time I need to renew. Nick did all the work, he made it easy and simple for me. He really knows his stuff!
  • Avatar Nicole B. ★★★★★
    I have been dealing with Masoud for my first mortgage back in 2016 and my second mortgage in 2019. He has always been of great help and easy access. He is the first person I go to with regards to mortgage questions. Keep up the good work guys!!
  • Avatar kit cathe ★★★★★
    Working with Masoud was a great experience. We learned about mortgage options that were new to us as we were first-time buyers. Knowledgeable and helpful with no pressure, we were able to make an informed decision that worked out very well for our needs.
Contact Us
Mortgage Brokers That Get You Approved
Across Toronto
…we offer a piece of mind when it comes to your mortgage needs every single time.