FAQs
What is an institutional Mortgage
Institutional lenders are also known as banks, credit unions and trust companies. These can be classified in two different categories, A-lenders & B-lenders
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A lenders
A-lender mortgages are usually the big banks in Canada. These institutions typically have the best possible rates combined with the lowest fees, they mostly only offer mortgages to applicants who have steady income and a great credit score that’s above 650. A-lenders are the only institutions that offer both conventional and high ratio insured mortgages, high ratio insured meaning less than 20% down, this Some A-lenders also offer B-lender products as an alternative option for clients they can’t qualify in the A-space.
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B-lenders
B-lenders mortgages are the alternative option for applicants denied by A lenders. B lenders are some of the easier institutions to get a mortgage with as they offer more flexibility in qualifying requirements and standards. This includes more flexible GDS-TDS ratios, stated income for self employed clients, being accepting of past consumer proposals or bankruptcy’s and generally more lenient policies.
What is a private mortgage?
A private mortgage in Canada is a loan secured against real estate that is funded by private individuals or mortgage investment corporations (MICs), rather than traditional banks or credit unions. These types of mortgages are typically used when borrowers do not meet the strict lending criteria of institutional lenders—due to factors such as poor credit, self-employment, non-traditional income, or the property not meeting bank guidelines.
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Private mortgages focus more on the equity in the property (loan-to-value ratio) than on the borrower's income or credit. They are often short-term (6 months to 3 years), interest-only, and carry higher interest rates—typically ranging from 7% to 15%—to reflect the increased risk.
Private lending offers faster approvals and greater flexibility, making it a useful solution for bridge financing, construction projects, debt consolidation, or time-sensitive purchases. However, borrowers should be aware of the associated fees and exit strategy before proceeding.
How do I apply for a mortgage?
Applying for a mortgage with us is simple and convenient. You can start by filling out our online application, and our team will assist you throughout the entire process, ensuring a smooth and efficient experience.
What sets us apart?
We stand out in the mortgage industry with access to over 300 private lenders, investors, and MIC's, ensuring the best rates and the quickest turnaround time for approval. Our strong history and commitment to expert services make us a trusted partner for all your mortgage needs.
How to get in touch with us?
We offer various customer support options to cater to your needs. Whether you prefer phone, email, or in-person consultations, our team is dedicated to providing the support and guidance you require throughout your mortgage journey.