In need of a private mortgage? We lend money against quality residential properties (1st and 2nd mortgages) throughout Canada.
If you are a homeowner and have equity in your property that you would like to access to do renovations or to consolidate some debts, taking a private mortgage might be the right solution. Depending on your circumstances, a private mortgage can be a good short term solution.
Rates range from 6% to 10% on first mortgages and 10% to 15% on second mortgages, depending on the details of the file. Factors that impact the rate include: borrower’s credit, loan to value, income, urban/rural, and condition of the property.
We work with mortgage brokers across Canada.