3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
lendsimpl compares private lenders for Oshawa homeowners who need a 1st or 2nd mortgage or a bridge loan. Equity-based decisions, 1st and 2nd mortgages, and bridge loans.
5.0 on GoogleWhere are you at right now?
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6.75% per year
7.75% per year
9.95% per year
Rates shown are indicative for standard residential dwellings. Condos, renovations and files in arrears are priced differently. Lender fees and broker fees, where they apply, are disclosed in writing before you commit. Contact lendsimpl for a personalized Oshawa quote. FSRA Brokerage #13763.
Banks said no in Oshawa? Credit history, irregular income or an unusual property can lead to a decline. Private lenders focus mainly on the equity in your property.
Closing on a new Oshawa home before selling your current one? Bridge loans are short term and are repaid when your sale or refinance closes. The term depends on the lender and your file.
Self-employed in Oshawa? Tax-optimized returns that show low income can hurt a bank application. Private lenders can consider bank statements and business revenue instead.
Time-sensitive Oshawa investment purchases can suit private lending, and some lenders offer draw-based funding for construction.
A private second mortgage can combine high-interest credit cards and unsecured debt into one payment. Rates and costs are typically higher than a bank's. Lender fees and broker fees, where they apply, are disclosed in writing before you commit. We compare the trade-offs with you first.
Behind on payments in Oshawa? A private mortgage may help pay arrears and stop power of sale proceedings, and buy time to sort out a longer-term plan. Timing matters, so contact us as early as you can.
Need cash from the equity in your Oshawa home and a bank or HELOC does not fit? A private 1st or 2nd mortgage can access it. Rates and costs are typically higher than a bank's. Lender fees and broker fees, where they apply, are disclosed in writing before you commit. We compare the trade-offs with you first.
Rural, mixed-use or unusual properties in Oshawa can be hard for banks to approve. Private lenders look closely at the property and the equity behind the loan.
Tell us about the property, your equity and your timeline. We walk you through your options with no pressure.
We assess your property value, existing mortgage, and available equity via AVM or appraisal.
We compare private lenders on rate, terms and fees to find the ones that fit your file.
You receive a term sheet with the rate, fees and conditions, and a lawyer registers the mortgage. Lender fees and broker fees, where they apply, are disclosed in writing before you commit.
Funds go to you or to your lawyer's trust account once the conditions are met. Timelines depend on the lender, the property and how quickly documents are completed.
MICs, institutional private lenders and individual investors are compared, so you see the trade-offs before you choose.
Lender fees and broker fees, where they apply, are disclosed in writing before you commit.
lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
We discuss an exit plan with you, such as moving back to a bank or alternative lender when your situation allows. We review your situation and compare options with no commitment.
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 6 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 7 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 8 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 8 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
Straight answers on private mortgages in Ontario.
Have a question we didn't answer?
Our licensed broker team is happy to help.
A private mortgage is a loan secured against real estate and funded by private lenders, such as mortgage investment corporations, investment groups or individuals, rather than a bank. Decisions focus mainly on the equity in your property, alongside the property itself and your file. Terms are usually short, with a plan to move to a bank or alternative lender later.
Borrowers who were declined by a bank, are self-employed, have credit challenges or need bridge financing may be good candidates. Equity is the main factor, and lenders also review the property, the loan amount and your exit plan.
Rates depend on the loan-to-value ratio, the property type, the mortgage position (1st or 2nd), the loan amount and the lender. Private rates are higher than bank rates because the lender takes on more risk. See the rate cards on this page for current indicative rates.
Timelines depend on the lender, the property, the appraisal and how quickly documents and legal steps are completed. We confirm a realistic timeline for your file once the lender is chosen.
Lender fees and broker fees, where they apply, are disclosed in writing before you commit.
B-lenders, also called alternative lenders, offer more flexible qualification than banks, usually at lower rates than private lenders. Private lenders rely mainly on property equity and usually cost more. We compare both so you can choose what fits.
Yes. A private bridge loan can cover the gap between buying a new home and selling your current one, usually for a short term. Rates and fees depend on the property and the term, and we explain the costs before you commit.
lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest. We serve Oshawa and communities across Ontario.
Tell us about your Oshawa property and what you need. We compare private lenders and explain your options before you decide.
Private lenders compared. FSRA Brokerage #13763. No pressure.
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