Turned down by the bank? Your home equity may give you another option.
Private mortgage solutions for Alberta homeowners dealing with bad credit, high debt, mortgage arrears, consumer proposals, urgent closings and other difficult financing situations.Own a home in Alberta? If the bank said no, your equity may still give you options.
Not ready to call or fill out a form? Text us your situation instead.
How much equity could you access?
Enter a few numbers to see an illustrative private mortgage range. This is an estimate only, not an approval or commitment to lend.Enter two numbers to estimate your available equity room.
Enter your property value to see an estimate.
Illustration only. Maximum LTV, rate, fees, payment and loan amount vary by lender, property, location, credit profile and file details. Additional lender, brokerage, legal, appraisal and third-party costs may apply.
Talk to a real mortgage specialist.
Private lending is often considered during a stressful or time-sensitive situation. The first step should be clear, confidential and practical.
“I had an excellent experience dealing with NOW Mortgage. Throughout a time sensitive situation, their team was extremely responsive, and helpful.
Our conventional mortgage was taking longer than expected to finalize, so we reached out to NOW Mortgage as a potential alternative. They were quick to understand our situation, responsive to our questions, and ready to move forward with our application promptly if we needed to proceed with them.
I really appreciate how proactive and accommodating they were, especially given the tight timeline we were working with. It was reassuring to know that we had a knowledgeable team who was prepared to act quickly and help us find a solution to close quickly on our dream home.
The level of service we received made a positive impression and I would absolutely consider using NOW Mortgage in the future. I would recommend them to anyone looking for a responsive and professional company.”“Throughout a time sensitive situation, their team was extremely responsive, and helpful. They were quick to understand our situation, responsive to our questions, and ready to move forward with our application promptly.”
“Jayden & Mark were very helpful to us.”
“Very fair and kind individual I dealt with. transaction was painless and very quick”
Start with the problem you are trying to solve.
Private lending is not one-size-fits-all. The structure depends on your property, available equity, current financing, timing and the reason you need the mortgage.
Bank declined you
Traditional lender guidelines can be restrictive around credit, income, debt service or documentation. Private lenders may assess the overall transaction differently.
Too much debt
If sufficient equity exists, mortgage-secured financing may help consolidate qualifying obligations into a different payment structure.
Mortgage arrears
Missed payments or enforcement action do not automatically mean there are no options. Equity, registered debt and deadlines matter.
Consumer proposal
Some homeowners who are in or have recently completed a consumer proposal may still have private mortgage options.
Urgent closing
When conventional financing changes or falls through close to possession, a private lender may offer another route depending on the file.
Income does not fit the bank
Self-employed income, recent job changes or non-standard documentation can make conventional approval difficult even when property equity is strong.
A real team, not a call centre.
Your inquiry is reviewed by licensed mortgage professionals based in Alberta — the same people who will call you back.
Tell us what happened. We’ll review what options may be worth exploring.
You do not need to complete a full mortgage application just to start. Give us the property details and a short description of the situation.
Three steps. Only the information we need first.
1. Choose the main issue.
2. Provide the property value, mortgage balance, city and approximate amount needed.
3. Leave your contact information so a NOW Mortgage specialist can review the file.
No credit check is required to submit this initial inquiry.
We do not sell your information. Privacy Policy.
Request received.
A NOW Mortgage specialist will review the information and contact you directly.
Simple review. Clear next steps.
The goal is to determine whether there is a realistic financing path before asking you to complete a full application.
Tell us about the property
Property value, mortgage balance and location help establish the starting equity position.
We review the situation
We look at the reason for financing, timing, property, LTV and possible lender fit. Inquiries are answered within 2 hours during business hours.
We explain the options
If there is a viable path, we explain the structure, costs, documents and next steps.
Why can private lenders consider files banks decline?
Conventional lenders often rely heavily on standardized credit, income and debt-service rules. Private lenders may place greater weight on the property and the overall transaction.
What private lenders may review
- Property value and property type
- Available equity and loan-to-value
- Current mortgage balances and registered debt
- Property location and marketability
- Reason the financing is needed
- Repayment, refinance, renewal or sale strategy
What private financing is usually for
Private mortgages are commonly used as short-term tools to solve a specific financing problem or create time for a longer-term plan.
They are not automatically the right solution for every borrower, and the complete cost and exit strategy should be understood before proceeding.
Rate is only one part of a private mortgage.
Private mortgages generally cost more than conventional financing. Before proceeding, understand the full structure and how the mortgage will be repaid or replaced.
Interest
Pricing varies by lender, property, location, credit profile, LTV and overall file risk.
Lender & brokerage fees
Private mortgage transactions can include lender and brokerage fees depending on the structure.
Legal & valuation
Legal, appraisal, valuation and other third-party costs may also apply.
Exit strategy
A realistic plan to refinance, renew, repay or sell is particularly important with short-term financing.
Questions Alberta homeowners often ask.
You do not need perfect credit to start the conversation.See what options may be available.
Tell us what happened, what your property is worth and what you owe. We’ll review whether there appears to be a financing path worth exploring.Property value. Mortgage balance. Your situation. That’s enough to start.