Lic#10845, Independently Owned & Operated

Serving : Ontario647-578-7542

Paramjit Singh Bhatia,
Mortgage Broker

Private Mortgage

Get Approved in 24 to 48 hours!

Purchase or Refinance, 1st or 2nd Mortgage

LTV UPTO 85%

Apply Now

Quick Approval Today

Property Value

Min $300,000

Amount Required

Min $25,000

Need Help with a

Private Mortgage

LTV up to 80%, Low Cost Closing

Private Mortgage

Get Approved in 24 to 48 hours!

Purchase or Refinance, 1st or 2nd Mortgage

LTV up to 85%, Low Cost Closing

A minimum down payment of 15% is required for the purchase.

Get Approved in 24 to 48 hours!

LTV up to 85% if score is 680 or above.

Private Mortgage

Purchase, Refinance, 2nd Mortgage, Debt Consolidation, Equity Take Out.

LTV up to 80% , Low Cost Closing

Rush Closing; When Bank Says No, We Say Yes!

Get Approved in 24 to 48 hours!

LTV up to 85% if score is 680 or above.


LTV up to 85%	High Score Required
LTV up to 80%	Low Score
LTV up to 75%	Low Score & Low Cost
LTV up to 65%	Low Cost & Low Rate

Private Mortgages

Are you having difficulty qualifying for a traditional mortgage loan? Or are you on a short timeline and unable to wait around for the bank to make its final approval? If you are in either of these situations, you may be interested in a private mortgage loan. This type of financing is faster and much easier to qualify for, as the private lender will base your approval mainly on the equity of your home (up to 80% of the home’s value) rather than your credit history or proof of income.

LOW INCOME, LOW CREDIT SCORE, NO WORRIES!!

Solutions for any situation for Ontario Homeowners

Pay Off Debts, Improve Credit Score, Equity Line Of Credit

All Credit Types Accepted

Good, Bad, Low Credit, Bankruptcy, Consumer Proposal?

Reasons to take out a Private Mortgage

Advantages of Private Mortgage

Reducing Monthly Payments

In Canada, most of the mortgages usually last for 5 years but the time duration of private mortgages is only one to two years. So, private mortgages can help if you want to attain the property for a short duration. Also, it can help you to improve your credit history in one to two years so that you can apply for a home loan from a bank after finish up your short-term private mortgage.

Low Interest Rates

A private mortgage is a great short-term solution to meet current financial needs. With rates still low, now is a great time to discover the options available to you! Working with one of the most recognized and trusted mortgage brokerages in Canada, I can provide you with the choice, convenience, and counsel that you deserve.

To consolidate debt

With the ever-changing market and a stricter mortgage stress test, many Canadians are finding it harder to qualify for a mortgage and are turning to alternative solutions. Private lenders are more flexible with required qualifications than traditional lenders. If you are looking to buy a home or qualify for a second mortgage, a private mortgage is an option!

How Much equity is there in your home? How much do you qualify for?

Home Equity, Interest Rate, and Monthly Payments with No Obligations quote

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Awards and Recognition

AKAL Mortgages

We are a registered franchise of the Mortgage Alliance Network, and we work with over 39 lenders.
100% Licensed

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647-578-7542

Paramjit Singh Bhatia
Mortgage Broker
Akal Mortgages Inc.

Private Mortgage