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Private Mortgage Rates in Ontario

Private mortgage rates in Ontario start from 8.99% — but your rate depends on your equity, property, and timeline.

If your bank declined you or your situation is time-sensitive, you may still qualify for fast, equity-based financing.

✽ Start here: Private Mortgage Guide Ontario 

✽ Need urgent help? Need Mortgage Fast 

Apply Now


First Mortgage Rates
Starting from 8.99%

Ideal for homes in the Greater Toronto Area. Maximum loan amounts are applicable. Options in 48 hours.

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  •  Up to 75% LTV
  •  No minimum credit*
  •  One year term
  •  Pre-paid interest option
Second Mortgage Rates
Starting from 9.99%

Ideal for consolidating debt, home improvements, or accessing your equity. Clear decisions in 48 hours.

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  •  Up to 75% LTV
  •  No minimum credit*
  •  One year term
  •  Pre-paid interest option
HELOC Rates
Starting from 10.99%

Want access to equity but not just yet? Keep your options open for when you need them. Clear lending decisions.

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  •  Up to 75% LTV
  •  No minimum credit*
  •  Flexible term
  •  No pre-payment fees

✽  Rates can change based on risk, urgency, and structure — acting early gives you better options.

What Determines Your Rate?

Private mortgage rates reflect speed, flexibility, and risk — not just credit score.

1

Equity

Higher equity = lower risk = better rate

2

Property Location

Toronto / GTA = stronger pricing

3

Loan Position 

First vs second mortgage

Why Private Mortgage Rates Are Higher Than Banks

For many homeowners, the cost of waiting, penalties, or losing a property is far greater than the interest rate itself.

 Banks = strict rules

 Private lenders = flexibility

 Equity-based


Quick closings

✔ 24 hour approvals

 Bad or no credit OK


 No income OK

No job OK

 Time to breathe

As a direct private mortgage lender in Ontario, Lendworth makes lending decisions based on property value and available equity — not credit score or income — with same-day decisions and funding often completed within 24–48 hours, giving homeowners the time and relief needed to protect their home and regain control.

Unlock Your Home’s Equity — Get Your Free Approval Now

Find out how much you can borrow today.

Calculate Your Interest-Only Payment

Enter your loan amount and interest rate to see your estimated payment. Adjust frequency and term if needed.

Interest-Only Payment Calculator

Principal Amount: $0
Interest-Only Payment: $0
Total Interest (Term): $0
Lender Fee: $0
Estimates only. Does not include legal fees, appraisal, taxes or insurance.

Who Qualifies?

Designed for Ontario homeowners who need fast, flexible mortgage solutions.



Own a home in Ontario


Have 20–25% equity


Credit is not the greatest


File already with lender’s lawyers

How it works?

Request a Review

Submit your basic details — no documents needed upfront.

Receive Your Decision

We review your equity and property value to determine viable lending options.

Get Funded Fast

Funds are released once documents/appraisal are completed.

Trusted by Ontario Homeowners Who Need Fast, Flexible Private Mortgage Solutions.

Lendworth moves quickly to stop the process and protect your home.


Related Mortgage Solutions


Private Mortgage Ontario

Flexible, equity-based mortgage solutions across Ontario.


Debt Consolidation

Use your home equity to simplify payments and reduce financial pressure.


Mortgage Declined

Funding available in as little as 3–5 business days, depending on property and structure.


Can't Pay Mortgage

Act early to stop missed payments from turning into legal action.

Lendworth helps Ontario homeowners move quickly using equity-based private lending — without complicated bank rules.

Ready for Fast, Flexible Financing?

What You'll Get


  Clear guidance

  Fast answers

  Fast funding

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