Private mortgage rates in Canada.
Private rates aren’t a single posted number — they’re priced on your equity and position, not your credit score, and funded in days. A private first typically runs ~7-10% and a second ~9-13%, with fees disclosed in writing up front. These are typical ranges, not a live quote — we price your exact file and map the exit back to a bank rate.
Typical ranges, not a live quote — every fee disclosed in writing before you sign.
Get your private ratePrivate mortgage rates are priced on your equity and position, not your credit score, and funded in days. Typical ranges: private firsts ~7-10%, seconds ~9-13%, plus 1-2% lender and 1-2% broker fees — all disclosed in writing. It’s a 12-18 month bridge back to bank pricing, and we map the exit before you sign. These are typical ranges, not a live quote.
What do private mortgage rates actually cost?
Private pricing is risk-and-position based, and it’s always disclosed in writing before you sign. Two things drive the rate: your loan-to-value and your position on title. A private first mortgage at a conservative LTV typically runs in the ~7-10% range. A private second mortgage sits behind your existing first, so the lender takes more risk and it typically runs ~9-13%.
On top of the rate sit the fees — roughly 1-2% lender and 1-2% broker, plus third-party legal and appraisal costs. Every figure is disclosed up front, so you compare the all-in cost on real numbers. These are typical ranges, not a live quote — your exact rate is set when we see your equity and position. The point of private isn’t to live there: it’s a 12-18 month bridge back to A or B (bank/alt) pricing, with the exit mapped before you sign.
When private financing is the right tool
Credit, speed, self-employment, or a power of sale — private bridges the gap, with the exit mapped from day one.
Private mortgage
How equity-based private lending works, start to exit.
Second mortgage
Borrow behind your first — see the available amount and payment.
Bad credit
Private is often the fastest path when credit is the blocker.
Self-employed
Private bridges BFS files A and B can't place yet.
Stop a power of sale
Fast private financing to halt enforcement and reset.
Plan the exit
Model the refinance back to bank pricing before you take the private.
6 things to know about private mortgage rates
Why private is a premium bridge — priced on equity, with a planned end date.
Priced on equity, not credit
Private pricing is risk-and-position based: your loan-to-value and your position on title drive the rate far more than your bureau score.
Typical ranges, disclosed in writing
Private firsts run ~7-10% and seconds ~9-13%, plus roughly 1-2% lender and 1-2% broker fees — every figure disclosed before you sign.
Fast, when speed matters
Private lenders fund in days and look at the property and your LTV rather than re-running you through the stress test — useful when the banks decline or you're against a deadline.
It's a bridge, not a forever rate
Private is meant to be a 12-18 month bridge back to A or B pricing — we map the exit (credit rebuild, seasoning, income docs, sale) before you sign.
First vs second matters
A private second leaves a cheap first mortgage untouched and prices the higher rate only on the smaller amount you need — often cheaper than a private first that re-prices everything.
We line up the exit
We arrange the refinance off the private rate before the term ends, so you move off it on schedule — not by accident.
Why arrange private financing with us
- Private firsts and seconds across 100+ lenders — MICs and private capital, priced on your equity.
- Every fee disclosed in writing before you commit — no surprises at signing.
- A mapped 12-18 month exit back to bank pricing, arranged in advance.
- FSRA #13737 · funded in days · the lowest real cost for your position.