Flexible approvals for self-employed, complex income, credit challenges, or time-sensitive situations.
An alternative mortgage is a financing solution for homeowners who don’t fit standard bank criteria. These products focus more on equity, overall financial strength, or unique income situations than strict credit and income tests.
• Often based on property equity rather than paycheque validation
• May accept non-traditional income sources
• Can be faster to fund when time is critical
February 2–6, 2026
• B-side lenders remain active, but underwriting remains conservative this week.
• Variable-rate options continue to be priced cautiously.
• Private capital is strong for well-structured bridge and exit-driven files.
• Power of sale and arrears situations continue to attract competitive private funding.
• Clear exit strategies and verified equity remain the key drivers of approval and pricing.
👉 Rates and availability can change quickly. Click the rate card to review your options.
30-second overview
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Free Guide: Smart Mortgage Solutions — When the Bank Says No
Alternative mortgages aren’t one single product. Depending on your equity, timeline, and income situation, there are several different lending routes that may make sense — each with its own pros, costs, and best-use scenarios.
A strong middle ground between banks and private lenders. B-lenders may approve files that don’t meet strict bank rules, especially for self-employed income, credit history issues, or non-standard documentation.
• Often 1–3 year terms
• More flexible qualification
• Higher rates than banks, lower than private
A second mortgage is added behind your existing first mortgage, letting you access equity without breaking or refinancing your current mortgage.
• Useful for debt consolidation, renovations, or urgent cash needs
• Typically shorter terms
• Payments can be interest-only in some cases
Private lending is designed for flexibility and speed, and is often based primarily on equity. It can be a solution when banks and B-lenders can’t approve the file.
• Fast approvals and funding
• Equity-driven underwriting
• Higher rates and fees (trade-off for flexibility)
Bridge loans provide short-term financing to cover the gap between buying and selling a property. This is most common when timing doesn’t line up.
• Short duration (days to months)
• Helps avoid rushed decisions
• Requires clear exit timing
This approach restructures your mortgage based on equity and affordability — often used to consolidate debt, pay off arrears, or improve cash flow.
• Can lower monthly obligations
• May include a second mortgage or full refinance
• Requires a realistic plan for the next step
Some homeowners use alternative lending as a temporary solution while they rebuild credit, stabilize income, or complete renovations — then refinance back into a traditional mortgage later.
• Not meant to be permanent
• Works best with a clear exit plan
The best option depends on your timeline, your equity position, and what the next 12–24 months realistically looks like
• Higher Approval Rates ( Low Credit Or Irregular Income)
• Flexible Income Options (Self-Employed, Commission, Rental)
• Can Consolidate High-Interest Debt Into One Lower Payment
• Access Equity Without Selling Your Home
• Shorter Terms = A Faster Path Back To A-Lender Financing
• Solutions For Unique Properties (Rural, Unique Construction, Non-Conforming)
• Higher Interest Rates Than Traditional Banks
• Lender Fees & Broker Fees May Apply
• Stricter Exit Strategy Requirements (Refinance, Sale, Or Improvement Plan)
• Shorter Renewal Cycles (Often 1–3 Year Terms)
• Some Products Have Prepayment Penalties If You Break Early
Alternative mortgages are designed to solve a problem now, while giving you a clear plan to transition into better rates later. The key is making sure the mortgage is structured with a realistic exit strategy from day one.
• A Straight Answer Up Front
We’ll tell you quickly what’s possible, what’s not, and what makes the biggest difference in approval
• A Plan Built Around Your Full Situation
Credit, income, equity, property type, and timeline — we structure the mortgage around the full picture, not one number
• Multiple Lenders Compared For The Best Fit
We review options across alternative lenders, including B-lenders and private lenders when needed
• Clear Terms, Fees, And Exit Strategy
No surprises. You’ll understand the rate, fees, term length, and the plan to move forward (refinance, renew, or sell)
• Fast Turnaround When Time Matters
If you’re facing a deadline, renewal pressure, or a power of sale situation, we prioritize speed and execution
• Support From Application To Funding
We handle the lender communication, conditions, and paperwork so you’re not stuck chasing answers.
Alternative mortgages cost more than bank financing — but they can solve problems that traditional lenders won’t
Alternative mortgage rates vary based on risk, equity, and the lender type
• B-Lender Mortgages: Typically lower than private, higher than banks
• Private Mortgages: Typically higher, but faster + more flexible
• Second Mortgages: Often priced higher due to lien position
• Short-Term / Bridge Financing: Usually higher due to short timelines
These are normal in alternative lending and depend on the lender + complexity
• Lender Fee (Commitment / Setup Fee)
• Broker Fee (If Applicable)• Appraisal Fee
• Legal Fees (Borrower + Lender Legal)
• Lender’s Lawyer / Admin Fees
• Discharge / Payout Fees (If Replacing a Mortgage)
Alternative lenders price based on speed, flexibility, and risk — not just credit score
• More flexible income verification
• Higher approval odds when banks say no
• Faster funding timelines
• Designed for short-term “reset” strategies
We focus on keeping the plan clear, affordable, and temporary
• We explain the real total cost before you commit
• We compare options across multiple lenders
• We build a next-step exit plan (refinance, sale, or restructure)
We help homeowners across Ontario get fast, confidential approvals — even with bruised credit or urgent timelines. No credit check required to start.
✔ Fast approvals
✔ Private lenders across Ontario
✔ No credit score minimum
✔ 100+ homeowners funded
✔ Fully confidential process
Rick Bettencourt, Mortgage Broker Level 2,
FSRA License #M11002425
licensed with Chartered Finance, Brokerage #12791
#302 – 7300 Warden Ave, Markham, Ontario.
Helping Ontario homeowners access practical mortgage solutions with clarity and confidence.
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