Ontario Private Mortgage Lenders
Simply put...
Private mortgage is an excellent alternative to conventional mortgages. If you are buying a unique house or property, have a non-traditional source of income, if you require fast-funding or have bad credit, a private mortgage is an option you will want to consider.
Private Mortgages Calculator
The Benefits of a Private Mortgage from Burke Financial
Private Mortgage financing allows homeowners who might not fit the typical mortgage guidelines to obtain financing at competitive rates. In addition to flexible loan structure, private mortgages offer a variety of benefits for homeowners. Below are some of the main benefits of getting a Private Mortgage with Burke Financial.
Fast Access to Equity
Since the approval process is much simpler when it comes to a Private Mortgage, you are able to get access to the equity in your home much faster. Most of the time a Private Mortgage is approved based on the equity in the property, allowing the approval and funding process to go much smoother. Getting you the cash you need, quicker.
Flexible Payment Structure
No matter what your monthly household income is, a Private Mortgage can be structured to ensure your monthly obligations are not too much to handle. Even client’s who have little or no income can have their payments structured to match what they can afford. In many cases, we can even prepay the entire mortgage upfront, giving you no monthly payments during the term!
Reduce Monthly Payments
By using a Private Mortgage to consolidate higher interest debts you can reduce your monthly payments. In many situations, we have helped our clients reduce their monthly payments by up to 75%! Helping our clients not only be able to better afford their obligations, but also be able to put money aside for what matters most!
Rebuild Credit Score
Even though many clients’ needs to get a Private Mortgage due to credit history, they can be used to help improve your credit score at the same time. Using a Private Mortgage to help polish up your credit score by paying out higher interest debts can help you transition to an institutional lender down the road.
Consolidate Debts
A Private Mortgage allows you to consolidate your debt into a single monthly payment. Even though the rates might be higher than a traditional mortgage, they will still be less than half of higher interest debts most clients carry such as credit cards or pay-day loans. Allowing you to save a substantial amount of money each month.
Flexible Repayment Terms
Having flexible repayment terms is great because it allows you to have the terms structured so that they are the most favourable for you. For example, it might be best to have a term that is fully open to repayment at any time without penalty. Or you might need a term that matures at the same time as your existing mortgage, allowing you to refinance everything into one.
Private Mortgage
Private mortgages are short-term, typically interest-only loans, ranging in length from 1 to 3 years. Interest-only loans do not require homeowners to pay the mortgage principal down, and instead only require interest payments each month.
Access to Direct Private Lenders for All Of Your Financing Needs!
Our team has direct access to private lenders who realize that conservative lending guidelines used by banks and conventional lenders exclude many individuals who are, in fact, able to pay back loans. Most importantly, private lenders take into account a property’s overall value and marketability as opposed to simply the borrower’s credit history.
Why Choose Burke Financial
While many financial institutions may offer 2nd mortgages in Ontario, finding a lender that fits your personality and your financial needs is easier said than done. That is unless you have a mortgage brokerage specializing in precisely that.
Burke Financial is an experienced mortgage broker that will help you get the best interest rate for your situation. We access our vast network of private lenders, MICs, banks, and investors to find the right match. We invest our time and resources with as much care as you’ve put into owning and maintaining your home.
At Burke Financial, we understand that taking out a second mortgage in the GTA and other cities across the province is a big deal, and we don’t take it lightly. We have ample industry experience helping people from all over Ontario get the best mortgage rates and will do everything to make sure you get the best possible deal.
Our team will help you weigh your options and identify the right type of mortgage product for you. A 2nd mortgage might be the right solution for you!
We’re always happy to answer questions to help our clients better understand the process. Apply now to get in touch with one of our mortgage broker specialists.
Burke Financial Mortgage Success Metrics
Mortgage success metrics show how Burke Financial delivers real results across Ontario. These figures reflect total loans funded, interest saved, and satisfied clients. By sharing these numbers, we demonstrate the measurable impact of our work for homeowners seeking flexible, fast lending solutions.
Learn more about how we help homeowners across the province on our Communities We Serve page. These results continue to grow as we help clients access the equity they need.
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Millions in Loans Funded
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Millions Dollars Saved for Clients
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Happy and Satisfied Customers
These figures represent more than just totals, they reflect the trust thousands of Ontario homeowners place in Burke Financial. Each approval means a family secured funding, reduced stress, or avoided unnecessary penalties from traditional lenders. Our ability to work with alternative lenders allows us to provide solutions that others may not, helping clients with urgent needs, complex applications, or non-traditional income. As the market evolves, we continue to grow our network and improve our process to serve more communities. Burke Financial remains committed to transparency, speed, and delivering consistent results.
We proudly serve homeowners across Ontario.
Burke Financial works with homeowners in communities across Ontario, providing mortgage solutions tailored to each region’s needs. Whether you’re located in a large city or a smaller town, our team understands local real estate markets, property values, and financial challenges unique to your area. We focus on delivering fast approvals, flexible repayment options, and alternative lending access where traditional banks fall short.
- Ajax
- Cambridge
- Kitchener
- Peterborough
- Thunder Bay
- Barrie
- Greater Sudbury
- London
- Pickering
- Toronto
- Brampton
- Guelph
- North Bay
- Sault Ste. Marie
- Waterloo
- Burlington
- Hamilton
- Oshawa
- St. Catherines
- Whitby
- Caledon
- Kingston
- Ottawa
- Thorold
- Windsor
Learn more about Ontario property taxes here.
