Mortgage Denied by Bank ? We Say Yes.
When the big banks turn you down due to credit, income, or stress tests, we look at your equity. Fast approvals for homeowners.
Alternative Lending for Homeowners
Traditional banks like RBC, TD, and Scotiabank have strict lending criteria. If you don't fit inside their "box," you get denied.
Our network of private lenders doesn't rely on credit scores or standard income verification. We focus on the value of your home, helping you bypass bank red tape immediately.
Get a Second OpinionWhy Was Your Mortgage Denied?
We help residents overcome common reasons for bank rejection.
Poor Credit Score
Missed payments or high utilization can tank your score. We lend based on equity, so your credit history is not the deciding factor.
Self-Employed Income
Banks often struggle to verify business income. We accept stating income and bank statements instead of traditional T4s.
Failed Stress Test
High interest rates mean many fail the B-20 stress test. Our private options do not require you to pass this strict qualification.
Private Mortgages: The Solution to Bank Denial
It is frustrating to be told "No" by your bank, especially if you have never missed a mortgage payment. Mortgage denial is becoming more common as lending rules tighten.
When a traditional lender turns you away, a private mortgage is often the best bridge solution. Unlike banks, private lenders are individuals or investment corporations that lend their own money. They have the flexibility to ignore strict GDS/TDS ratios and focus on your property's potential.
Our solutions allow you to:
- Access equity even with a low credit score or consumer proposal.
- Consolidate high-interest debt that caused your bank application to fail.
- Pay out CRA arrears or property tax debts.
- A 12-month interest-only term to give you breathing room.
- Secure a 1-2 year term to fix your credit and transition back to a bank.
Our alternative lending solutions are designed to get you the funds you need when the bank says it's impossible.
Why Choose Us Over the Bank?
We provide the flexibility and speed that traditional financial institutions cannot match.
⚡ Fast Approvals
Banks take weeks to say no. We can often give you a commitment letter within 24 hours of your application.
🛡️ Common Sense Lending
We listen to your story. We understand that life happens and that a credit score doesn't define you.
🤝 Income Flexibility
Self-employed? Commission based? Pension? We accept various forms of income verification.
📉 Simplified Paperwork
Forget the mountain of documents. We require minimal paperwork to get your file moving quickly.
🗓️ Short Term Fixes
We provide bridge loans to help you correct your financial situation and return to "A" lenders later.
🇨🇦 Experts
We know the real estate market inside and out, ensuring accurate valuations and fast closing.
How It Works
Moving from "Denied" to "Approved" in 4 steps.
Contact Us
Fill out our secure form or call us. Tell us why the bank denied you and what you need.
Equity Review
We evaluate your property to determine how much equity is available to unlock.
Immediate Offer
We present a private mortgage commitment with clear terms, rates, and conditions.
Funds Deposited
Upon acceptance, we expedite the legal process to get money in your account fast.
Eligibility Requirements
If you have equity in your home, you are likely approved.
- ✅ Must own a home .
- ✅ Property must have available equity (Value minus current mortgage).
- ✅ Recently denied by a bank for refinancing, renewal, or second mortgage.
- ✅ Bad credit, bankruptcy, and consumer proposals are accepted.
Frequently Asked Questions
Answers about private lending and bank denials.
Why was my mortgage denied when I have good income?
Banks use strict "debt-service ratios" (GDS/TDS). Even with good income, if your existing debts are high or if the qualifying interest rate (stress test) is too high, you will be declined. We lend based on equity, bypassing these ratios.
Can you help if I am self-employed?
Yes. Self-employed individuals are often denied by banks due to tax write-offs lowering their net income. We look at your bank statements and the overall health of your business, rather than just line 15000 on your tax return.
Is a private mortgage interest rate higher?
Yes, private rates are higher than bank rates because the lender is taking on a risk the bank refused. However, these are designed as short-term solutions (1-2 years) to bridge the gap until you can qualify for a bank rate again.
Does my credit score matter?
For our private lenders, your credit score is secondary. The primary factor is the equity in your home. We fund many clients with credit scores below 600 or even 500.
Can I pay out the mortgage early?
Most of our private mortgage products are fully open or have flexible prepayment terms, allowing you to refinance back to a traditional bank as soon as your credit or income situation improves.
How much can I borrow?
Private lenders will typically lend up to 75% or 80% of your home's current market value (including your first mortgage). We can help you calculate exactly how much equity you can access.
Are there upfront fees?
No. We do not charge upfront fees to review your application. Fees are typically deducted from the mortgage proceeds on closing, so you don't need cash on hand to proceed.
Bank Said No? We Say Yes.
Don't let a bank rejection stop your plans. Unlock your home equity today with trusted private lenders.