EffortLess Mortgage
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Over 60+ Private Lenders in Ontario are Ready to Approve You. $0 Broker Fee* Equals $$$ Savings For You!

Any Income. Any Credit. Fast Approval Within Hours.

At Effortless Mortgage, we are a DIRECT-TO-CONSUMER private mortgage lender (no middleman) and can offer a quick turnaround and approval in 24 hours. No income verification and minimum documentation needed.

We work with a variety of people, namely those who:

  • have low or bruised credit
  • have no income, no credit
  • are self-employed (with hard to verify income, poor credit & even bankruptcy)
  • have been affected by COVID related debt even power of sale
  • are going through life events such as job loss, separation/divorce, etc.
  • are real estate investors who need short term financing
Apply today to save thousands on your mortgage and be approved in only 24 hrs.
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Get Your Quote in Minutes

How much is the price of the property?

Which city is the property located in?

The location of your property helps us find the best deal in your local market.


Fast Approvals Within Hours

Minimum Documentation.
No Income Verification Needed.

Apply Now
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How Private Mortgage Benefits You:

A Short-term Solution to Meet Your Long Term Goals

Get a mortgage that fits your story. You can get a home with a 1st Mortgage or leverage your home with a 2nd Mortgage to meet your financial goals.

No matter what your situation is, we can get you approved fast with the lowest rates.

Our service doesn't just stop at funding. We will continue to work with you to improve your finance and find the cheapest financing for you at renewal.

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Recover from bankruptcy
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Pay off credit card debt
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Reduce monthly payments
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Purchase a car
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Investment opportunities
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Lower interest costs
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Home renovations
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Support your business needs
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Fund your education
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Use it as a bridge loan

Direct-to-Consumer Low Rates. Simple Process. Fast Approvals.

In Ontario, private mortgage rates range from 4.99% to 12.99%. Private Mortgage Rates are higher because Private Lenders are taking on higher risks than banks.

At Effortless Mortgage, our goal is to approve you with the lowest Private 1st and 2nd Mortgage Rates! We also help most of our private mortgage clients get into a low interest bank mortgage in 12-24 months.

  • Private 1st Mortgages Start at 4.99%
  • Private 2nd Mortgages Start at 6.99%
  • Fast Approval within Hours
  • No Income Verification
  • Bad Credit is Ok
  • Lender Fees Depend on Your Specific Situation
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Getting a Private Mortgage Can Be Complicated

Effortless Mortgage Makes The Process Simple

Apply Online
Or Call Us

Fast Approvals Within Hours

Minimum Documentation.
No Income Verification Needed.

Apply Now

Client Reviews

What our clients say...

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Effortless approved the mortgage on my first home. Banks declined me twice because of my credit. Effortless helped me become a homeowner when banks said no!

- Amelia N. | Toronto,

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I was looking to consolidate debt. Effortless got me approved the same day. I reduced my monthly payments by half, and I've seen my credit score going up already.

- Steve H. | London,

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We couldn't qualify for a mortgage from the banks because we are selfemployed. Effortless gave us a private mortgage right away. Very fast service. Will use them again!

- David & Maggie K. | Thornhill,

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We got a last minute bank decline on our rental property and Effortless saved the day. As real estate investors, it's important to have a lender who can get us approved quickly!

- Tonya and Paul S.| Ottawa,

Private Mortgage Frequently Asked Questions (FAQ's)

How to qualify for a private mortgage?
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To qualify for a private mortgage, you have to have at least 15% - 20% of down payment or home equity. Here's how it works:

  • Fill out an application or call us at (888) 978 4984
  • We will let you know the mortgage amount and interest rate you can qualify for
  • We will then get an appraisal report on the property
  • If there is no red flag on the appraisal report, you are all set to receive funding
  • The whole process usually takes no more than a few days
Can I get a Private Mortgage if I am self-employed?
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Absolutely! You can qualify for a private mortgage even if you haven't filed your taxes or have a lot of your income in cash. Private Lenders do not verify your income. You can get approved as long as there's enough equity in the property. Book a free consultation today to find out how much you can qualify!

Can I get a Private Mortgage with a 500 credit score?
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Yes! Private lenders will consider credit scores 500 or below. As long as the property is in a good condition and in a marketable area, you can get approved for a mortgage. See more advice on Bad Credit Mortgage in this article.

Can I qualify for a private mortgage after a consumer proposal?
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Yes! Private Lenders can give you a mortgage even if you are still in a consumer proposal. Lenders usually would like to see 2 years of credit history after you pay off your consumer proposal. That's not the case with Private Lenders in Ontario. As long as you have enough down payment or home equity, you can get approved for a private mortgage.

Can I qualify for a private mortgage after a bankruptcy?
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Yes! However, if the bankruptcy happened in the last two years, your private mortgage interest rate will be relatively high. To get a lower interest rate, you can start applying for a mortgage 2 years after you are discharged from bankruptcy. That's usually how long it takes to rebuild your credit if you can stay on top of your debt obligations.

What are the closing costs for a private mortgage?
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The main closing costs include an appraisal, lawyer fee, and lender fee:

  • An Appraisal Report costs between $300 to $500
  • Lawyer Fee ranges between $1,000 to $2,000 depending on the complexity of your deal
  • Lender Fee ranges between 1%-3%. If you have enough equity in your home, you may be able to include the Lender Fee into the mortgage, so you don't have to pay for it up front.
What is the difference between a Private 1st and 2nd Mortgage?
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A Private 1st Mortgage is usually for homebuyers who need a mortgage to purchase a home. However, a Private 1st Mortgage can also use to consolidate multiple mortgages on a property into 1 mortgage to save interest costs. A Private 2nd Mortgage is for homeowners who already have a mortgage and need additional funds.

A Private 1st Mortgage usually has lower interest rates than a Private 2nd Mortgage. However, it all depends on how much equity is in the home. For example, to purchase a $500,000 property, you will get a lower interest rate by having $150,000 down payment compared to $100,000 down payment.

Do I need to pay both interest and principal on a Private Mortgage?
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Most private mortgages are interest-only. It means you only need to pay the interest portion every month. As long as you are up-to-date with your mortgage payments and real estate market stays stable, you have the option to renewal a Private Mortgage every year. The principal amount is due when you can refinance your mortgage back to the banks or when you are able to sell. By only requiring the interest payment, Private Mortgage can help you to significantly reduce your monthly cash flow.

More Questions? Contact Us