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Private Mortgages · Ontario · Alberta · Saskatchewan

Private Mortgages
for Challenging Situations

Access private first and second mortgages through our network of lenders. Better financing for homeowners with bad credit, difficult income, or urgent borrowing needs.

Private first & second mortgages
Equity-based approval
Decision in 24–48 hours
★★★★★5.0· 100+ Google Reviews · No hard credit pull to see your options

See What You Could Borrow

Estimated home value$700,000
$200K$2M+
Mortgage balance$300,000
$0$1.5M
You may qualify for up to$260,000

Estimate based on 80% of your home's value. Actual amount depends on the appraisal, property and lender.

50+
Lenders Compared
BBB A+
Accredited Business
5.0 on Google
100+ Reviews
10+ Years
of Experience
ON · AB · SK
Licensed Brokerage
Who It's For

When the Bank Says No, Your Equity Still Counts

Private lenders look at your property first. These are the situations we arrange private mortgages for every week.

Bad credit or a consumer proposal

Collections, late payments or a past proposal don't automatically rule you out.

Self-employed or hard-to-verify income

Business owners, contractors and commission earners with equity in their home.

Mortgage or property tax arrears

Bring overdue payments up to date before the situation escalates.

High-interest or CRA debt

Pay it out and replace many payments with one.

Get Pre-Approved OnlineSchedule a Call or Text
Your Options

Private First or Second Mortgage: Which Is Right for You?

The right option depends on your existing mortgage, your equity and how you plan to repay.

Option A

Private First Mortgage

Replaces the main mortgage registered against your property.

It may suit you when:
  • Your mortgage renewal has been declined
  • Your current mortgage is nearing maturity
  • You have a large amount of debt to consolidate
  • You need financing outside bank and B-lender guidelines
Option B

Private Second Mortgage

Lets you borrow against your equity while your existing first mortgage stays in place.

It may suit you when:
  • You have a good first-mortgage rate you want to keep
  • Breaking your first mortgage would trigger a large penalty
  • You need funds for debt consolidation or arrears
  • You need shorter-term financing

We provide the best option with complete explanation. More on second mortgages.

Get Pre-Approved OnlineSchedule a Call or Text
Rates & Costs

What a Private Mortgage Actually Costs

Private money costs more than a bank. Here is the full picture before you apply.

Private first mortgage
7%–9%
Typical rate range
Private second mortgage
9%–14%
Typical rate range
Borrow up to
80%
of your home's value, including existing mortgages

Typical ranges as of November 2026. Your rate depends on location, loan-to-value, mortgage position and the overall file.

Example: $100,000 private second mortgage

Illustrative only, at 10% for a 12-month term.

Loan amount$100,000
Illustrative rate10%
Interest-only payment$833 / month
Interest over 12 months$10,000
Lender, broker and legal feesItemised in your quote

How interest-only payments work

Many private mortgages are interest-only. Your monthly payment covers the interest, and the full principal is due when the term ends.

That keeps the payment low, but it does not reduce what you owe. You need a realistic plan to repay or refinance, which is why we map out the exit before you sign.

Every quote lists the rate and every fee in writing before you commit.

Get Pre-Approved OnlineSchedule a Call or Text
The Exit Plan

A Private Mortgage Is a Bridge. We Plan the Exit on Day One.

The goal is to solve the problem now, then move you to a lower-cost lender, usually within 12 months.

1
Right Now
Urgent
Declined or Out of Time
An arrears deadline, a declined renewal, or a credit issue the bank won't move past.
2
First Days
Private
Equity-Based Approval
We arrange private financing on your equity to deal with the immediate problem: arrears caught up, debts paid out.
3
~12 Months
B / A-Lender
Refinance Out
With the crisis behind you and credit stabilized, we refinance you into a lower-cost lender.
Swipe to see all three steps →

Not everyone declined by a bank needs a private mortgage. If a B lender will approve you at a lower cost, we'll show you that option first.

Get Pre-Approved OnlineSchedule a Call or Text
Real Stories. Real Results.

Homeowners Who Found a Way Forward

Google reviews from homeowners in Ontario and Alberta who worked with CreditReboot.

★★★★★5.0 on Google · 100+ reviews
★★★★★

"They were able to help me with a second mortgage based on equity without any income requirements and lowered my monthly payment by helping me consolidate credit card debt. I highly recommend them."

H
Harman S.
Brampton, Ontario
★★★★★

"I was in a total bind looking to get financing against my property in Alberta. Parm gave me options even after letdowns from the banks, and worked tirelessly to find me a lender. By far the best I've worked with in a difficult situation."

M
Manno
Calgary, Alberta
★★★★★

"Our bank wasn't helping with refinancing. Parm gave us step-by-step insight on every detail, answered every question, and was always available. If you need help refinancing, look no further than CreditReboot."

V
Vikram
Brampton, Ontario
Swipe for more reviews →
Get Pre-Approved OnlineSchedule a Call or Text
How It Works

Private Mortgage Pre-Approval in Three Steps

No branch visits. No hard credit pull to see your options.

  1. 1
    Tell us about your propertyAnswer a few questions about your home and what you need. A licensed broker reviews it and calls you, usually within 24 hours.
  2. 2
    Review your optionsWe compare private and alternative lenders and send you the rate and every fee in writing.
  3. 3
    Sign and fundYour lawyer completes the registration and you receive your funds, typically 3–5 business days after approval.

Prefer to talk first? Schedule a Call or Text

Get Pre-Approved Online
Takes about 60 seconds.
No hard credit pull to see your options.
Step 1 of 119%
GET STARTED
Do you own the home you're applying against?
Ownership is the primary eligibility requirement. Principal residence or investment property.
Yes
No
YOUR PROPERTY
What is your home's estimated current value?
Use your best estimate based on recent neighbourhood sales. We verify with an appraisal later.
$750,000
Estimated Home Value
$200K$2M+
YOUR MORTGAGE
What is your remaining mortgage balance?
Check your most recent mortgage statement. If you have no mortgage, set to $0.
$450,000
Outstanding Mortgage Balance
$0$1.5M
EXISTING DEBT
Do you have a HELOC or second mortgage on this property?
An existing HELOC or 2nd mortgage reduces available equity. Select No if you only have a primary mortgage.
✅ Yes, I have one
🚫 No, I don't
$50,000
HELOC / 2nd Mortgage Balance
$0$500K
LOAN AMOUNT
How much would you like to borrow?
Your target loan amount. Final approval depends on your equity and property appraisal.
$50,000
Requested Loan Amount
$10K$500K+
YOUR GOAL
What is your primary reason for this loan?
Select the option that best describes your main goal. Helps us match you with the right lender.
⚠️ Stop Power of Sale
🏛️ Pay Off CRA
📉 Consolidate Debt
⏱️ Bridge / Fast Close
🏗️ Renovation
🌟 Other
YOUR LOCATION
What city is the property located in?
Property location affects lender availability and processing time.
Please enter a city name.
ABOUT YOU
What's your name?
Your broker will use this to personalize your assessment.
Please enter your name.
CONTACT INFO
What's your email address?
We'll send your free eligibility summary here. We never share your info.
Please enter a valid email.
CONTACT INFO
What's the best number to reach you?
Your licensed broker will call within one business day. No pressure, no obligation.
Please enter your phone number.
PROPERTY ADDRESS
What is the property address?
Lets us verify ownership and prepare an accurate equity summary for your broker call.
Please enter the property address.
CreditReboot
RECEIVED
Thank you for choosing CreditReboot Mortgages.
You will receive a text & email shortly to schedule a time to discuss your options.
YOU MAY QUALIFY FOR UP TO
$0
Based on 80% LTV — subject to application, property & lender approval.
No Upfront Fees · No hard credit pull to see your options
Canada's Trusted Digital Mortgage Broker
Private mortgage lenders by province
OntarioToronto, the GTA, Hamilton, Ottawa and communities across the province.AlbertaCalgary, Edmonton, Red Deer, Lethbridge and surrounding areas.
SaskatchewanWe also arrange private mortgages for eligible Saskatchewan homeowners.

Run your own numbers

FAQ

Private Mortgage Questions, Answered

Answers to the questions we hear most from homeowners in Ontario, Alberta and Saskatchewan.

Can I get a private mortgage with bad credit?
+
Yes, some private mortgage lenders consider homeowners with poor credit, collections, previous missed payments, or other credit challenges. Approval depends on property equity, lender criteria, repayment ability, and the proposed exit strategy.
What is the minimum credit score for a private mortgage?
+
There is no universal minimum credit score. Some private lenders have no fixed minimum score requirement, although credit history can still affect the lending decision, rate, and fees.
How quickly can I get a private mortgage?
+
Some lenders can provide a preliminary decision within 24–48 hours. Actual funding depends on the appraisal, required documents, lender conditions, legal work, and property circumstances, and typically follows 3–5 business days after approval.
How much equity do I need for a private mortgage?
+
The amount of required equity varies by lender and mortgage position. Many lenders prefer the total secured debt to remain at or below approximately 75%–80% of the property's value, although criteria vary.
Are private mortgages interest-only?
+
Many private lenders offer interest-only payments. The principal generally remains payable at maturity unless another repayment arrangement applies.
Can I get a private mortgage without traditional income verification?
+
Some private lenders accept alternative income documentation or place greater emphasis on property equity. However, lenders still consider whether the financing is affordable and how it will be repaid.
Can I use a private mortgage to consolidate debt?
+
Yes. Eligible homeowners may use private mortgage proceeds to repay high-interest debt. It is important to compare total borrowing costs, not just the monthly payment, because unsecured debt becomes secured against your property. Our True Cost of Borrowing Calculator adds lender and broker fees to the rate to show the real number.
What happens when my private mortgage term ends?
+
You generally need to repay, refinance, renew where permitted, or otherwise satisfy the mortgage according to its terms. Renewal is not guaranteed, and additional costs may apply.
Is a private mortgage better than a B-lender mortgage?
+
Not necessarily. B-lender financing may offer lower total borrowing costs if you qualify. Private financing can be useful when B-lender requirements cannot be met or the situation requires a different underwriting approach.
Can a private mortgage stop a power of sale or foreclosure?
+
Private financing may help eligible homeowners resolve mortgage arrears, but it is not guaranteed to stop legal enforcement. Timing, property equity, lender approval, and legal circumstances are critical.

Reviewed by Parm Mehmi, Principal Broker, CreditReboot Mortgages — Licensed in Ontario, Alberta and Saskatchewan.

Your Mortgage Options Don't End With the Banks.

Free to check. No hard credit pull to see your options. A licensed broker replies within one business day.

Get Pre-Approved OnlineSchedule a Call or Text

Licensed mortgage brokerage in Ontario, Alberta & Saskatchewan · FSRA #13163 · FCAA #511322