Why CreditReboot Is Different
Most brokerages want the easy file: good credit, clean T4 income, a bank approval waiting at the end. We built ours around the opposite.
Our niche is the homeowner a bank has already declined. Bruised credit. Self-employed, commission or seasonal income. Low reported income against a valuable property. Late payments, a consumer proposal, arrears, or a lender that has already started acting. Those files need a lender who reads the equity and the exit rather than a scorecard — and knowing which lender that is, for which property, in Ontario, is the entire job.
Three things follow from that focus:
- ✓ We go to 80% loan-to-value. Bank HELOCs generally cap the revolving portion at 65% of the home’s value. Alternative structures can reach up to 80% total loan-to-value, subject to lender approval — on an average home that gap is usually five figures and often six.
- ✓ Fully digital. Documents from your phone, no branch appointment, decisions usually inside 24 hours and funding in three to five business days.
- ✓ Every cost in writing first. Rate, term, lender and brokerage fees, total cost — all disclosed before you sign. Nothing to apply, nothing for an assessment.
How We Help Homeowners in Ontario
Home Equity Loan
A second charge that sits behind the first mortgage you already have. Your existing rate and term stay untouched — which matters in Ontario right now, where plenty of homeowners are holding a rate they have no interest in breaking. How it works
HELOC With Bad Credit
A revolving limit you draw against and repay as you go, paying interest only on the balance outstanding. Federally regulated banks cap these at 65% of value and read your score first. B lenders and private lenders write them — above the traditional 65% revolving HELOC limit, up to 80% total LTV in qualifying cases. HELOC options
Refinance With Bad Credit
Replace your mortgage with a larger one and take the difference in cash. Usually the cheapest route — if your existing rate makes breaking it worthwhile. We run both numbers. Refinancing
Refinance With Low Income
Pension, contract, commission or self-employed income that fails a bank ratio test. Some lenders underwrite from bank statements; private lenders qualify on equity, not income. Low income options
Debt Consolidation With Equity
Cards at 19.99–22.99%, lines of credit and CRA arrears rolled into one payment secured by your home. The debt does not vanish — the rate on it drops sharply. Consolidation
Late Payments or Power of Sale
Behind on the mortgage? A refinance or second that clears the arrears and the lender costs stops the process. Most A lenders stop reading; equity lenders do not. Stop a power of sale
Why Use a Mortgage Broker in Ontario?
A bank can only offer you the mortgages that bank sells. If its rules say no, the conversation ends there. A mortgage broker in Ontario compares lenders across three different tiers and places the file where it actually fits.
That distinction matters most when something about the file is imperfect. Bruised credit, self-employed or commission income, a consumer proposal, arrears, or equity you want to take out at renewal are all reasons a bank declines and an alternative lender approves. The mortgage itself is not the hard part — knowing which of the 50+ lenders we work with will say yes to your specific property and situation is.
Ontario mortgage brokerages, brokers and agents are licensed and regulated by the Financial Services Regulatory Authority of Ontario (FSRA). Anyone carrying out regulated mortgage brokering activity in Ontario has to hold a licence unless the Act exempts them.
A lenders
Banks, credit unions and monoline lenders. The lowest rates, and the strictest qualifying — they read your credit score and your debt-service ratios first.
Best if your credit and income are cleanB lenders
A B lender mortgage prices slightly higher than a bank but qualifies far more flexibly on credit history and how your income is documented. Most of our Ontario refinances land here.
Best after a bank decline, a proposal, or self-employed incomePrivate mortgage lenders
Private mortgage lenders in Ontario underwrite the property and the exit rather than the score. Short-term by design, used to clear arrears or a power of sale and then move back down a tier.
Best when the file is time-sensitive or equity-drivenCreditReboot works almost entirely in tiers two and three — Ontario homeowners who need options beyond traditional bank underwriting. If an A lender will take your file, we will tell you that and place it there.
Real Files We Have Funded
See how homeowners across Canada have used their home equity to eliminate debt, stop arrears, and lower their monthly payments.
Certain details have been modified to protect client privacy while preserving the overall outcome.
The Digital CreditReboot Process
No branch visits. No waiting in line. No unnecessary paperwork. Just a simple digital process.
-
1Pre-ApprovalFill this form, speak to the broker, get your quote.
-
2Application & ApprovalComplete the application, we shop the deal to 50+ lenders, choose your approval.
-
3FundingSign the broker documents, legal documents & get the funds!
Ontario Mortgage Broker FAQs
The questions Ontario homeowners ask us most, answered plainly.
What does a mortgage broker do in Ontario?
A broker is the intermediary between you and the lender. We take one application, work out what the property and your income will actually support, then shop it to the lenders most likely to approve it — A lenders, B lenders and private mortgage lenders. You deal with one person instead of applying to five institutions and collecting five credit inquiries.
Is CreditReboot licensed as a mortgage brokerage in Ontario?
Yes. We are licensed and regulated by the Financial Services Regulatory Authority of Ontario under brokerage licence #13163, and also licensed in Alberta and Saskatchewan. You can confirm our status on FSRA’s public register before you send us anything.
Do mortgage brokers charge fees in Ontario?
On a standard A or B lender deal the lender pays the broker and there is no fee to you. Private mortgage files usually do carry a lender fee and a brokerage fee, because the lender is not paying a commission. Either way you see the rate, term, every fee and the total cost in writing before you sign anything. Nothing is charged to apply or to get an assessment.
How does a mortgage broker get paid?
On bank and B lender mortgages the lender pays a commission on funding. On private mortgages the fee comes out of the advance and is disclosed to you up front. We do not get paid more for placing you with one lender over another at the same tier.
Can an Ontario mortgage broker help after my bank declined me?
That is most of what we do. A bank decline is a decision by one institution against its own rules — it says nothing about whether a B lender or a private lender would approve the same file. The usual reasons banks decline (credit history, self-employed income, a consumer proposal, arrears) are exactly the reasons alternative lenders exist.
Can I refinance my Ontario mortgage with bad credit?
Usually yes, if there is enough equity. A bad credit mortgage in Ontario is priced on the property and the exit rather than the score. The practical question is not your credit number, it is how much equity sits between your current balance and 80% of what the home is worth.
What credit score do I need for a mortgage in Ontario?
For an A lender, generally around 680 and up. B lenders regularly write below that. Private lenders will look at files with collections, a consumer proposal or a discharged bankruptcy, because they are underwriting the property. There is no hard credit pull to see your options.
How much home equity can I access in Ontario?
Up to 80% of the appraised value in total, across all mortgages on the property. So on a $700,000 home with a $400,000 first mortgage, roughly $160,000 could be available — $700,000 × 80% is $560,000, less the $400,000 already owing. The exact figure depends on the appraisal and the lender.
What is the difference between an A lender, a B lender and a private mortgage lender?
An A lender is a bank or credit union with the lowest rates and the strictest rules. A B lender mortgage sits a step up in rate and is far more flexible on credit and income documentation. Private mortgage lenders in Ontario are the most flexible and the most expensive, and are meant to be short-term while the file is repaired.
What happens if my lender has started a power of sale?
Move quickly, because in Ontario the timeline runs in weeks once a Notice of Sale is issued. A refinance or a second mortgage that clears the arrears and the lender’s legal costs stops the process, provided it completes inside the redemption period. Most A lenders stop reading at that point; equity lenders do not.
Mortgages & Home Equity Loans Across Ontario
Pick your city — every page is written for that market.
Not sure if your city is covered? Call us: 866-329-8801