Why CreditReboot Is Different
Private lending is not a last resort — it is a mainstream part of Ontario’s mortgage market. FSRA data shows private lenders held 16% of all Ontario mortgages in 2024, and 17% in the GTA. And because the federal stress test binds federally regulated banks — not private or equity lenders — your equity decides the approval, not a rate buffer.
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 80–85% loan-to-value with private lenders. 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.
Private Mortgage Solutions for Ontario Homeowners
Home Equity Loan
A lump sum behind your existing first mortgage. Keep your current rate, borrow only what you need, approved on the equity in the property rather than your score. How it works
HELOC With Bad Credit
A revolving limit you can draw and repay, with interest only on what you use. B lenders and private lenders write these outside bank credit guidelines — 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
Real Files We Have Funded
Private Mortgage Lenders in Toronto
Toronto is Canada’s deepest private lending market. Private mortgage lenders in Toronto compete hardest for well-located homes, which pushes pricing toward the low end of the 7%–9% first / 9%–14% second ranges and keeps terms flexible. We place Toronto and GTA files daily — including second mortgages in Toronto behind bank firsts — with funding in 3–5 business days once the appraisal is in.
Private Mortgage Rates in Ontario (2026)
Private lenders price on your equity and mortgage position — not your credit score. Here is what Ontario homeowners can expect through our lender network.
| Product | Typical Rate | Max LTV | Term |
|---|---|---|---|
| First mortgage (private) | 7–10% | 80–85% | 6–24 months, interest-only available |
| Second mortgage (private) | 9–14% | 80–85% | 6–24 months, interest-only available |
Rates depend on loan-to-value, mortgage position, property and exit plan. Lender and brokerage fees (typically 2–4% combined) apply and are disclosed in writing before you sign anything.
Private first mortgage
Replaces or pays out your existing mortgage entirely — used when a bank refuses a renewal, arrears have built up, or income can’t be documented the way a bank wants. From 7%, approved on the property and your exit plan.
Private second mortgage
Sits behind your existing first mortgage so you keep your current low rate, and unlocks equity for consolidation, CRA arrears or urgent needs. From 9%. Example: a $100,000 interest-only second at 11% costs about $917/month — against roughly $1,750/month in interest alone on $100,000 of credit cards at 21%.
Written by Parm Mehmi, Licensed Mortgage Broker — FSRA #13163 | FCAA #511322
Private Mortgage Lenders Ontario — FAQ
Are private mortgage lenders regulated in Ontario?
The lenders themselves are often unlicensed investors or Mortgage Investment Corporations, but in Ontario a private mortgage must be arranged through an FSRA-licensed brokerage, and FSRA requires a Level 2 agent or broker for private deals. CreditReboot is licensed under FSRA #13163.
What rates do private mortgage lenders charge in Ontario?
Through our network, private first mortgages typically run 7–10% and second mortgages 9–14%, up to 80–85% loan-to-value. Pricing is driven by your equity, mortgage position and exit plan — not your credit score. Lender and broker fees apply and are disclosed in writing first.
How fast can a private mortgage close in Ontario?
Approvals typically come within 24–72 hours and funding within days — fast enough to stop a power of sale, clear CRA arrears or meet an urgent closing.
Can I get a private mortgage with bad credit or a consumer proposal?
Yes. Private lenders approve on the equity in your property, so bruised credit, a consumer proposal, CRA debt or past arrears rarely block an approval when the loan-to-value works.
Does the mortgage stress test apply to private lenders?
The federal stress test binds federally regulated banks. Private and equity lenders — and provincial credit unions — are not bound by it, which is why homeowners who fail a bank’s stress test can still qualify on their equity.
Is a private mortgage a long-term solution?
No — it is a bridge. Most terms run 6–24 months, and we build your exit to a B lender or bank into the plan from day one, so you pay private rates for as short a time as possible.
See how homeowners across Ontario, Alberta & Saskatchewan 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.
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1Pre-ApprovalFill this form, speak to the broker, get your quote.
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2Application & ApprovalComplete the application, we shop the deal to 50+ lenders, choose your approval.
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3FundingSign the broker documents, legal documents & get the funds!
Home Equity & Private Mortgage Help Across Ontario
Pick your city — every page is written for that market.
Not sure if your city is covered? Call us: 1-866-329-8801