Private mortgage services provided by RTC MORTGAGE - KSMG KEYSTART MORTGAGE GROUP INC.  ·  Peter Leung, Mortgage Broker · British Columbia
Private Mortgage Lending · British Columbia

When the bank says no, equity says yes.

Private mortgage solutions across BC for homeowners who need to move fast — releasing equity, stopping foreclosure, or consolidating debt when traditional lenders can't help in time.

When private lending fits

A short-term, equity-based bridge — not a forever mortgage.

Equity
Credit & income are secondary to your home equity
Fast
Built for urgent timelines and firm closing dates
1st/2nd
Behind or ahead of your existing mortgage
Bridge
An interim step with a planned exit
Why Private Lending

Solutions banks aren't built to deliver

Banks and even B-lenders work on credit scores, provable income, and timelines measured in weeks. Private lenders and Mortgage Investment Corporations (MICs) lend primarily against the equity in your property — so when speed or circumstances rule out traditional financing, private lending can bridge the gap.

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How much equity could you access?

Private lenders in BC typically lend up to around 75–80% of a property's value (often less for rural or unique homes). Enter your numbers for an estimate — your inputs stay on this page.

Estimate only. Actual LTV depends on the property, location, marketability and lender. Private financing is typically short-term and higher-cost than bank financing; figures here are illustrative and not an offer of credit or a specific rate.

Potential equity you could access
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At the selected LTV, after existing secured debt

Max combined financing (at LTV)$0
Your current LTV0%
LTV used in estimate0%
What Private Lending Solves

Built for the situations banks can't

Equity-based financing for time-sensitive, unconventional, or credit-challenged situations across British Columbia.

Foreclosure & mortgage arrears — act early

Behind on payments, facing a demand letter, or already in the BC court process? A private refinance can clear arrears, pay out the existing lender, and buy you time to stabilize and plan an exit. In BC, foreclosure runs through the courts — which usually leaves a window to act. The earlier you reach out, the more options you have.

Stop the processPay out arrearsMortgage rescueTime to recover
Talk through foreclosure options →
Court
BC foreclosure is judicial — there's usually a window
Arrears
Clear missed payments & penalties
Exit
Plan a route back to A/B financing
Equity
Approval driven by your home equity
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Fast equity takeout

Release cash from your home in days — for a time-sensitive opportunity, a deposit, a tax bill, or an obligation that can't wait for bank timelines.

Cash-outTime-sensitiveDays not weeks
Discuss equity takeout →
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Debt consolidation

Roll high-interest credit cards and loans into one equity-secured payment to stop the bleed and protect your credit while you reorganize.

Stop high interestOne paymentCredit breathing room
Look at consolidating →
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Bridge financing

Buy before you sell. Cover the gap between completing your new purchase and the sale of your current home, including deposit funds for firm closing dates.

Buy before you sellDeposit fundsFirm closings
Plan a bridge →
🧾

Self-employed & hard-to-prove income

Equity-based approval when recent tax returns, a young business, or timing don't yet satisfy a bank's income requirements.

No traditional proofRecent businessStated
Talk options →
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Bruised or no credit

A recent consumer proposal, collections, or thin credit doesn't have to be the gatekeeper — with private lending, your equity leads the decision.

Past proposalCollectionsRebuilding
See what's possible →
🏛

CRA & property-tax arrears, liens

Pay out CRA debt, property-tax arrears, or liens registered against your property before they escalate into bigger problems.

CRA debtProperty taxLien payout
Clear arrears →
🔑

Second mortgages

Keep the low-rate first mortgage you don't want to break. Access equity with a second behind it instead of paying a costly penalty to refinance.

Behind a low firstAvoid penaltiesTop-up equity
Explore a second →
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Unconventional property & land

Raw land, rural or unique homes, mixed-use, or a property mid-renovation — the files banks decline on the property alone.

Raw landRural / uniqueMid-reno
Discuss the property →
Straight Talk

What to expect from private lending

Private money is a tool, not a trap. Used well, it solves a short-term problem and sets up the long-term fix. Here's the honest picture so you can decide with clear eyes.

Equity comes first

Decisions hinge on your home's equity and marketability far more than your credit score or provable income.

Short-term by design

Private mortgages are arranged for a defined period — often 6 to 24 months — as a bridge, not a permanent solution.

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Higher cost — for a reason

Rates and fees are higher than bank financing. The real question is whether the solution is worth the cost versus the alternative.

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Always with an exit

We map the way out from day one — refinancing into an A- or B-lender once your situation stabilizes.

Questions

Private lending in BC — answered

How much can I borrow against my home with a private lender in BC?

Most private lenders in BC lend up to roughly 75–80% of a property's value (combined with any existing mortgages), and often less for rural, unique, or hard-to-sell properties. Your usable equity is the property's value at that LTV minus what you already owe.

Can I get a private mortgage if I'm in foreclosure in BC?

Often yes. Because foreclosure in British Columbia proceeds through the courts, there is frequently a window during which a private refinance can pay out arrears and the existing lender. Acting early generally gives you the most options.

How fast can a private mortgage close?

Private deals can move much faster than bank financing — sometimes within days — because approval centres on equity and the property rather than lengthy income verification. An appraisal and clear title are usually still required.

Are private mortgage rates higher?

Yes. Private mortgages carry higher rates and fees than bank or B-lender financing because they're short-term, equity-based, and higher-risk for the lender. They make sense when the cost is outweighed by the problem they solve, and there's a clear exit.

Do I have to prove my income?

Income documentation is usually lighter than with banks, since the decision is equity-driven. Some lenders still ask for basic confirmation, but provable income is rarely the deciding factor.

What's the exit from a private mortgage?

The goal is to refinance into a lower-cost A- or B-lender once the issue is resolved — arrears cleared, credit rebuilt, income seasoned, or a sale completed. We map that exit before you sign.

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Let's Talk

Tell us what's happening. We'll tell you straight.

Whether it's a deadline, a default notice, or an opportunity you can't miss, a short confidential conversation is the fastest way to know your options.