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.
Private 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.