When a bank says no, your home's equity can still say yes. We connect you directly to private lenders who approve based on property value, not tax returns or credit scores — often within 24 hours.
A private mortgage in Ontario is a loan secured against your home's equity, funded by an individual or private lender instead of a bank. Approval is based primarily on property value and location rather than income verification or credit history, which makes it the fastest path to capital when time or paperwork is the obstacle.
Private lending exists for exactly the situations traditional banks are built to avoid: urgency, complexity, and non-traditional income.
Firm commitments in as little as 24 hours and funding in 3–5 business days for time-sensitive files.
No T4s, no tax returns, no credit score minimums. If your property has equity, you have a starting point.
Interest-only payments and open terms from 3 to 24 months, designed to bridge you to a lower-cost exit.
A private mortgage moves at the speed of your paperwork — not the underwriting queue of a big bank.
We review your property value, location, and existing mortgage balance to estimate available equity in minutes.
Your file is matched to the private or institutional lender in our 300+ network best suited to your scenario.
An independent appraisal confirms value; a firm mortgage commitment typically follows within 24 hours.
Once legal work is complete, funds are released — often within 3 to 5 business days for urgent files.
Private mortgages are underwritten on the property first, and the borrower's story second. Most Ontario homeowners with meaningful equity have a realistic path to approval.
| What | Typical Detail |
|---|---|
| Loan-to-value | Up to 75–85% combined (1st + 2nd), depending on the property and position |
| Starting rate | From 4.95%, interest-only |
| Typical term | 3 to 24 months, open or short fixed |
| Qualifying basis | Property equity — not income or credit score |
These are starting points, not guarantees — your actual rate and structure depend on the property, its position, and your timeline. See our Rates & Fees Guide for the full breakdown.
iDream Financial is based in the Greater Toronto Area and licensed to arrange mortgages across Ontario — from major cities to smaller markets. Most of the files we place sit in or around the GTA, but property location on its own rarely rules a file out. For scenarios further afield, our Mortgage Alliance network includes a dedicated Lender Desk built for exactly these situations.
Consider a hypothetical: a self-employed business owner finds a property worth moving on quickly, with a closing date six weeks out, but their last two years of tax returns understate their real income after legitimate write-offs. A bank's underwriting, built around declared income, would likely decline the file outright. A private mortgage sized against the property itself — rather than the owner's paperwork — can often close well inside that six-week window, with the understanding that refinancing into a lower-cost B-Lender or bank mortgage follows once a fuller income picture can be documented, often through a stated income (BFS) program.
Private financing is one of three broad tiers, alongside B-Lenders and traditional banks, each suited to a different kind of file. The short version: banks offer the lowest cost but the least flexibility, B-Lenders sit in between, and private lending trades the highest cost for the fewest conditions and the fastest close. For the full comparison, see Private vs. B-Lender vs. Bank: What's Actually the Difference?
See how much private financing your property's equity could support.
Estimates are illustrative only and do not constitute a mortgage offer or commitment. Actual rates, terms, and figures depend on underwriting and confirmation from your lender.
The most common questions we get from Ontario homeowners exploring this option for the first time.
Tell us your property value and timeline — an Experienced Advisor will follow up with your options.
