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% 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.
Who the Private Mortgage Lenders in Ontario Actually Are
"Private mortgage lender" covers three different sources of money in Ontario, and which one your file goes to decides the rate, the loan-to-value and how fast it closes. Most private lenders are not licensed in Ontario — brokers are, under FSRA — so the lender list is ours and the approval is placed, not applied for. Here is who is behind the money.
| Lender type | Who they are | Max LTV | Rate band (Oct 2026) | Best for |
|---|---|---|---|---|
| Mortgage Investment Corporations (MICs) | Pooled investor funds, Ontario-based and national, with a credit committee that reads the whole file | Up to 80% urban | 7–9% first 9–12% second | Declined renewals, bruised credit, self-employed or stated income, consolidation |
| Individual private investors | One lender, one property, a decision in days — the money behind most fast closings | Up to 80% urban 65–75% rural | 8–9% first 10–14% second | Power of sale, CRA and property-tax arrears, bridge and short-term exits |
| Syndicated and larger private funds | Several investors on one mortgage, used when the balance or the property is unusual | 65–75% | 8–10%+ | Larger balances, mixed-use, rural and non-standard properties |
Every private lender charges a lender fee (typically 1–3% of the loan) plus legal and appraisal costs, and a broker fee is disclosed in writing before you sign anything. Terms run 6–24 months, interest-only is available, and the exit — a refinance, a sale, or a return to a B-lender once credit recovers — is agreed up front. There is no hard credit pull to see your options.
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
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) | 7–9% | 80% | 6–24 months, interest-only available |
| Second mortgage (private) | 9–14% | 80% | 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 by Ontario City
The same lender list covers the whole province, but appetite changes by market — Toronto and the GTA get the deepest pool and the lowest private pricing, Hamilton and Ottawa run on a shorter list that actually writes there. Pick your city.
Private Mortgage Lenders in Toronto
Toronto is Canada’s deepest private lending market. MICs and individual investors compete hardest for well-located 416 homes, which pushes pricing to the low end of the band and keeps terms flexible. We place Toronto files daily — including seconds behind bank firsts — with funding in 3–5 business days once the appraisal is in. Condos, semis and multi-unit all qualify on equity.
The equity math: Toronto average home $1,080,000 · a $615,000 first mortgage · 80% ceiling $864,000 → about $249,000 a private lender can advance as a second without touching your first.
Home equity loans Toronto · Second mortgages Toronto · Stop power of sale Toronto · Toronto mortgage broker
Private Mortgage Lenders in Mississauga
Peel equity is deep and private lenders know it: a Mississauga second behind a bank first is one of the most-placed files we see. Declined renewals, self-employed income and consumer proposals are read on the property, not the beacon score. Oakville, Milton and Caledon files run on the same lenders.
The equity math: Mississauga average home $1,014,000 · a $580,000 first mortgage · 80% ceiling $811,200 → about $231,000 a private lender can advance as a second without touching your first.
Home equity loans Mississauga · Second mortgages Mississauga · Stop power of sale Mississauga
Private Mortgage Lenders in Brampton
Brampton carries some of the highest mortgage-delinquency rates in the GTA, and a private first or second that pays out arrears stops a power of sale before the Notice of Sale period runs out. Multi-generational households, commission and trades income all qualify on equity. Bolton, Georgetown and Halton Hills are covered with the same lenders.
The equity math: Brampton average home $888,000 · a $505,000 first mortgage · 80% ceiling $710,400 → about $205,000 a private lender can advance as a second without touching your first.
Home equity loans Brampton · Second mortgages Brampton · Stop power of sale Brampton
Private Mortgage Lenders in Hamilton
Fewer private lenders write Hamilton than Toronto, so placement matters: century homes, mountain bungalows and Stoney Creek townhouses each go to a lender that understands the stock. Renovation money, arrears and consolidation files close in 5–10 business days. Burlington, Brantford, Grimsby, St. Catharines and the rest of Niagara run on the same list.
The equity math: Hamilton average home $746,000 · a $425,000 first mortgage · 80% ceiling $596,800 → about $171,000 a private lender can advance as a second without touching your first.
Home equity loans Hamilton · Second mortgages Hamilton · Stop power of sale Hamilton
Private Mortgage Lenders in Ottawa
Ottawa’s private pool is smaller and more conservative than the GTA’s, which is why a well-placed file matters more here. Government, contract and consulting income is read on the property, and private seconds behind a bank first are the common route for consolidation and CRA arrears. Kanata, Orleans, Barrhaven and Nepean are covered with the same lenders.
The equity math: Ottawa average home $694,000 · a $395,000 first mortgage · 80% ceiling $555,000 → about $160,000 a private lender can advance as a second without touching your first.
Also covered with the same lenders: Markham, Vaughan, Oshawa, Oakville, Burlington, Kitchener, London, Barrie and Windsor.
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 7–9% and second mortgages 9–14%, up to 80% 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.
Do you have private mortgage lenders in Toronto, Mississauga and Brampton?
Yes — the GTA is where most of our Ontario private files are placed, and the same lenders cover Hamilton, Ottawa, Kitchener, London, Barrie, Windsor and the towns around each city. Urban properties go to 80% LTV; rural properties sit at 65–75% with the lenders who write them.
How much can a private lender in Ontario advance on my home?
Up to 80% of the appraised value, less what is already registered against it. On a $1,080,000 Toronto home with a $615,000 first mortgage, the 80% ceiling is $864,000, so a private second of roughly $249,000 is available without touching your first. Interest-only payments are available, and there is no hard credit pull to see your options.
Real Files We Have Funded
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.
Not sure if your city is covered? Call us: 1-866-329-8801