What are private mortgage rates in Ontario for 2026?

Private mortgage rates in Ontario typically range from 8% to 14% depending on LTV, property type, and risk. First mortgages are usually 8–10%, while second mortgages can be 10–14%. Lender fees of 1–3% also apply.

What is the maximum LTV for a private mortgage in Ontario?

Most private lenders in Ontario will lend up to 75–80% loan-to-value (LTV) on first mortgages and up to 85% for combined first and second mortgages. Higher LTV means higher rates and fees.

Private Mortgage Specialists · Ontario

Private Mortgage Calculator
Whitby, Ontario

Need a private mortgage in Whitby? Our calculator estimates monthly payments, lender fees, and total costs for private mortgages on Whitby properties. Compare B-lender vs private lender options and find the most affordable short-term solution in the GTA Ontario region.

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Key Facts · Whitby

8–14%

Typical private mortgage rates

Rate range8%–14%

Lender fee1%–3%

Typical term6–24 months

Max LTVUp to 85%

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Private Mortgage Calculator — Whitby, Ontario

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lendsimpl serves Whitby homeowners with a full range of mortgage solutions — from first purchase to refinancing, private lending, and equity access.

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FAQ

Private Mortgage Calculator in Whitby — Frequently Asked Questions

What are private mortgage rates in Whitby?

Private mortgage rates in Whitby typically range from 8% to 14%, depending on loan-to-value ratio, property type, and exit strategy. Lender fees of 1–3% also apply. Our calculator shows exact costs for Whitby properties.

When should I consider a private mortgage in Whitby?

A private mortgage in Whitby makes sense when you can't qualify with A-lenders or B-lenders — common scenarios include self-employment, poor credit, unconventional properties, or urgent bridge financing. It's a short-term solution (6–24 months).

How does a private mortgage broker in Whitby help?

A licensed mortgage broker in Whitby (like lendsimpl, FSRA #13763) has access to dozens of private lenders and can negotiate the best rates and terms for your specific situation. We help Whitby homeowners find the right exit strategy too.