Private home equity lines from 7.75%. Up to 75% LTV. Fully open. Interest-only payments. For homeowners the bank said no to — and homeowners who'd rather skip the bank entirely.
Pay it down, pay it off, refinance — no penalty, ever. Most private mortgages charge 3+ months interest to break. Yours doesn't.
Lowest possible monthly payment. Use the equity, keep your cash flow intact. Pay the principal down on your timeline, not the bank's amortization schedule.
Self-employed, recent credit hits, unconventional income — we underwrite the full picture, not just the score. Real human review on every file.
Two minutes online. No credit pull, no commitment, no sales call until you ask for one.
First or second position, rate band, LTV — based on your actual file. Not a generic pre-approval calculator.
Private lending moves at the speed your situation needs. Most files close in 7–14 days from approval.
Banks underwrite for the average customer. If your file has any complexity at all — self-employment, a credit blip, a CRA balance, a recent separation — they say no fast and rarely tell you why.
Private lenders look at the actual deal: how much equity, what's the exit, does it make sense. The bar is real, but the question is "does this deal work?" not "does this borrower fit a 600-point checklist?"
Wipe out credit cards, lines, and high-interest debt. One payment, lower rate.
Kitchen, basement, addition, rental conversion. Draw as you need, pay interest only on what's used.
Down payment for the next purchase. Move quickly when the right deal shows up.
Working capital, equipment, expansion. Cheaper and faster than most business lending.
Settle a balance before it becomes a lien. Stop the interest clock.
Bought before you sold. Bridge the gap without forcing a price on the old place.
Private school, university, professional programs. Cheaper than most student lending.
Equalization payment without selling the family home. Clean, fast, private.
— And anything else legal. We don't ask, you don't justify.
Bank HELOCs require strong income, clean credit, and they qualify you at the stress test rate (currently bank rate + 2%). If you don't pass that gauntlet, you're out — regardless of how much equity you have. A private HELOC qualifies primarily on the equity itself and the exit plan, not your debt-service ratios. The rate is higher because the underwriting is more flexible. For most borrowers, it's a 12-to-24-month bridge until you can move back to a bank product.
There isn't a hard minimum. We've funded files in the 500s. Credit matters less than equity position, property type, location, and exit strategy. If you have legitimate equity and the deal makes sense, credit is usually workable.
Most files close in 7 to 14 days from approval. The bottleneck is usually the property appraisal and lawyer scheduling — both of which we can rush for urgent files. We've closed deals in 72 hours when needed.
You can pay off the entire balance any time, with zero penalty. Most private mortgages charge 3 months interest minimum to break — on a $400,000 mortgage at 10%, that's $10,000+ to exit. With a private HELOC, you pay it off the day you refinance to a bank product. No penalty.
Residential properties in major Ontario markets (GTA, Ottawa, Hamilton, London, Niagara, Kitchener-Waterloo, etc.). Detached, semi, townhouse, and most condos work. Rural, raw land, mobile homes, and commercial are case-by-case. Rental properties qualify with a 0.25% rate premium.
Lender fee starts at 1.50% (1st position) or 2.50% (2nd position) of the loan amount, paid once at closing. Plus standard third-party costs: appraisal ($400–$600), legal ($1,200–$2,000), and our broker fee where applicable. Everything is disclosed upfront in writing — no surprise charges.
The pre-qualification on this site is a soft inquiry — zero impact on your score. We only pull a hard credit report once you've reviewed terms and decided to proceed. You're in control of when (and whether) that happens.
Most clients refinance to a bank or B-lender product within 12–24 months, once their credit, income, or property situation has stabilized. Some use the line for several years as ongoing flexible capital. Others sell the property. The fully open structure means you can exit any time with no penalty — that's the point.
Tell us about your property and your situation. We'll come back within one business day with whether this fits, what rate band you'd be in, and what the next step looks like.
If it's not a fit, we'll tell you that too — and where else to look.
We'll review your file and come back within one business day. Check your email (including spam) for our reply.
We work with homeowners across Ontario. Specific market insights, local examples, and typical situations for each city below.