A private mortgage is a home loan funded by individual investors or private lending companies instead of a bank. Private lenders focus primarily on the equity in your property rather than your credit score or income. This makes private mortgages ideal for homeowners who've been declined by traditional lenders. Terms are typically 1-3 years, designed as a bridge solution while you rebuild your financial profile.

Yes. Private lenders approve primarily based on the equity in your home - not your credit score or proof of income. Whether you have bad credit, a consumer proposal, bankruptcy history, or non-traditional income, our private lenders can work with your situation. No credit check is required to apply for a pre-approval.

Private mortgage rates in Ontario typically range from 5.75% to 12%, depending on the loan-to-value ratio, property type, location, and overall situation. Lighthouse Lending works with a wide network of private lenders to negotiate the most competitive rate for your circumstances. We walk you through all costs - including lender and broker fees - before you commit.

Most private mortgage pre-approvals are issued within a few hours of applying. Once you accept the offer and legal documents are prepared, funding can happen in as little as 24 hours. The entire process often takes just a few business days, even for complex situations.

Private lenders in Ontario consider most property types, including detached homes, semi-detached, townhouses, condos, multi-unit residential (up to 4 units), and in some cases commercial or mixed-use properties. Properties must have sufficient equity - typically up to 80% loan-to-value.

Yes. Lighthouse Lending is a licensed mortgage brokerage (FSN #13301) regulated under FSRA (Financial Services Regulatory Authority of Ontario). Our licensed brokers are legally required to act in your best interest, provide full fee disclosure, and follow strict regulatory standards.