Private mortgage solution
Private First Mortgages
A private first mortgage replaces or becomes the primary mortgage charge on title. It may be considered when a bank, credit union, or monoline lender will not approve the file on the required timeline or structure.
When this may fit
Every file depends on lender review, available equity, property marketability, urgency, documentation, and exit strategy.
- Bank decline or policy exception
- High equity but difficult income verification
- Short-term purchase, refinance, or payout need
- Property condition or timing issue
What lenders usually review
Property value, mortgage balance, requested amount, position on title, taxes, strata, credit, income support, use of funds, legal status, and the plan to repay or refinance.
Disclosure: Private mortgage terms vary. Do not rely on a quoted rate or payment until a formal lender commitment and legal review are complete.