Private Mortgages
When the bank says no, private lending says yes based on your property’s value, not just your credit score.
What is a private mortgage?
A private mortgage is a loan from a private lender or investor instead of a bank. Approval is based mainly on the equity in your property, so credit history and income documents matter less. That makes private lending fast and flexible. It usually costs more than a bank loan and is often used as a short-term bridge to a traditional mortgage.
Who it’s for
Is a private mortgage right for you?
- You were declined by a bank or credit union
- Your credit score is low, or you’ve had a consumer proposal or bankruptcy
- You’re self-employed, or your income is hard to document
- You need to close in days, not weeks
- You need a second mortgage, a bridge loan or equity to consolidate debt
- You’re facing a renewal refusal, power of sale or tax arrears
Benefits
Why go private with Mortgage Ambassador
- Speed: fast answers and closings on tight timelines
- Flexibility: first and second mortgages, bridge loans, short terms
- Competitive terms: we shop your file across our private lender network
- An exit plan: we help you move back to a lower-rate lender when you’re ready
- Discretion: your situation stays confidential
Pricing note: Rates and fees depend on your equity, property and term. We give you every cost in writing before you sign, so no surprises.
