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private mortgage rates

Best Mortgage Rates In BC For Private Loans

1st 2nd, And 3rd Home Equity Loan Rates

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Simple & Fast Approvals

You can get pre-approved in as little as 24 hours.

Borrow Up To 75% Of Your Home's Value

Loans ranging from $50,000 to $2,000,000

Think Outside The Branch®

Great rates and outstanding customer service.

Need mortgage rates in BC that work for your situation? Your Equity Mortgage specializes in alternative lending solutions through trusted private mortgage lenders across British Columbia. We secure mortgage rates for BC borrowers who don’t fit traditional bank requirements. Your property equity determines approval, not your credit history or income documentation. Access the best private mortgage rates in BC available for first, second, and third mortgages with fast funding and flexible terms.

Private Mortgage Rates in BC

Private mortgage rates come from BC lenders in the alternative home equity mortgage market. These mortgage lenders approve borrowers based on property value and equity. You can borrow money for debt consolidation, home renovations, business capital, outstanding taxes, or any purpose that helps improve your financial situation.

Private mortgages are a great solution when traditional lenders say no. The mortgage rate might be higher than conventional bank rates, but approval comes faster and easier. Your credit score, income verification, or employment status won’t stop you from accessing the equity in your residential property.

Benefits of Private Mortgage Options

Simple & Fast Approvals

Get pre-approved in as little as 24 hours. Private lenders focus on your property value, not lengthy income verification processes.

Borrow Up To 75% Of Your Home’s Value

Access loans ranging from $50,000 to $2,000,000. Private mortgage lenders offer higher loan amounts than others typically allow.

Flexible Requirements

Bad credit? Self-employed? Private mortgages approve borrowers that banks turn away. Your equity matters more than your credit history.

Debt Consolidation

Combine multiple debts into one monthly payment. Lower your interest rate on high-cost debt and simplify your budget.

Costs and Fees for Private Mortgages

Cost TypeAmount
Legal CostsYour lawyer handles paperwork and title transfer. Legal fees typically run $800 to $1,500 in BC.
Appraisal FeesLender confirm your home’s current value. Appraisals cost $300 to $500.
Lender FeesPrivate lenders charge processing and broker fees. These typically range from 1% to 3% of your mortgage amount.
Additional FeesSome lenders charge for rate holds, credit checks, or renewal fees. Ask about all costs upfront to understand the annual percentage rate.

    Get Approved Quick and Easy




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    Reliable & Professional

    Rated 5 Stars On Google From 45+ Reviews

    • Working with Jeff Di Lorenzo was a fantastic experience. The entire process was incredibly fast, smooth, and stress-free. Jeff was not only professional but also friendly and approachable — it... read more

      Sue Paull
      June 19, 2025

      I got in contact with Jeff in regards of private mortgage. He was super easy to talk to, everything was clear and straight forward. Since it was my first mortgage,... read more

      chun hoe ho
      June 11, 2025

      Jeff is a top-tier mortgage broker. He’s incredibly professional, quick to respond, and always puts his clients first. What I appreciate most is his no-nonsense, straight-to-the-point approach—there’s no fluff, just... read more

      Becky Parro
      May 25, 2025

      My wife Barb and I had the blessing of coming across The Mortgage Group (TMG), Jeff Di Lorenzo a few years back when I was diagnosed with cancer. I was... read more

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      David Rogers
      March 25, 2025

      First thing I want to say is that I would highly recommend Jeff Di Lorenzo as a mortgage specialist. He’s personable and he knows his stuff. The service he... read more

      Johanne Baird
      March 25, 2025

      Would highly recommend! Fast, efficient, helpful and available when needed. Thanks again. Two thumbs up!

      Jolene Warner
      December 25, 2024

      I choosed Jeff among other mortgage specialists due to his both professional work and enthusiasm. He gave me three financial options and help me pick the most suitable option to... read more

      Thai Nguyen
      December 25, 2024

      It's been a great experience working with Jeff. He's very professional, knowledgeable and gets straight to the point without being judgemental. I'd been a bit wary working with... read more

      Wendy
      November 25, 2024
    • I was referred to Jeff by a friend who worked with him successfully on many properties. I feel very fortunate for the referral because I needed an expert for... read more

      Nico Eichhorst
      October 25, 2024

      Efficient, friendly and responsive service. All of our questions were answered timely and the process was smooth and simple.

      Sylvia Mohos
      September 25, 2024

      jeff was a great help to us finding cash equity financing. would highly recommend him . thank you jeff

      Doug Nelson
      July 10, 2024

      I couldn't be more impressed with the service provided by Jeff. From the get-go, he was incredibly responsive to all my emails, often replying within minutes. His ability to understand... read more

      Levania Pranoto
      June 26, 2024

      Among highly admirable qualities, what I like best about Jeff is his honesty / transparency. He was able to guide, inform, encourage and gave me insights that lead to... read more

      Veggie Hunter
      June 25, 2024

      It was a truly professional experience and thank-you Jeff Di Lorenzo for processing our Mortgage. We will recommend you to friends & family so you can help others processing their mortgage... read more

      John Karroll
      June 25, 2024

      Jeff is a pleasure to work with. He makes what can feel like a very overwhelming process easy and ensures you are getting the best possible outcome for your needs.... read more

      Alexander Sasha Torchinsky
      June 25, 2024

      You can only give 5 stars or I would have given more!! Found Jeff while searching for someone that could help Michelle and I get some much needed repairs done... read more

      Crowtattooed !
      June 25, 2024
    • I am very grateful for Jeff’s help. He has a very kind approach, he was incredibly organized and professional, and worked very fast. I would definitely recommend Jeff to anyone... read more

      Bel Rafsanjani
      June 24, 2024

      Jeff made the process so quick and simple! He is also very quick at responding and just a very nice person to deal with! Would highly recommend!

      Annie Cuillerier
      April 24, 2024

      Jeff was amazing to work with, it was an amazing weight lifted to finally catch a break during a very trying time. I highly recommend his services. Thank you!

      Caitlin Delaplace
      April 24, 2024

      Jeff worked hard at helping me out when it seemed like nobody else could help. He was personable knew exactly what I needed at the time. I look forward to... read more

      Jordan
      November 24, 2023

      Among highly admirable qualities, what I like best about Jeff is his honesty / transparency. He was able to guide, inform, encourage and gave me insights that lead to... read more

      Veggie Hunter
      November 24, 2023

      It was a truly professional experience and thank-you Jeff Di Lorenzo for processing our Mortgage. We will recommend you to friends & family so you can help others processing... read more

      John Karroll
      October 24, 2023

      Wonderful experience working with Jeff! Jeff offered great insight into the different types of mortgage products available and provided me with an excellent recommendation on a suitable solution. ... read more

      Kelvin Tang
      October 24, 2023

      Jeff is a pleasure to work with. He makes what can feel like a very overwhelming process easy and ensures you are getting the best possible outcome for your needs.... read more

      Sasha Torchinsky
      October 24, 2023
    • You can only give 5 stars or I would have given more!! Found Jeff while searching for someone that could help Michelle and I get some much needed repairs done... read more

      Crowtattooed !
      September 24, 2023

      My experience with Jeff Di Lorenzo was one characterized as professional, personable and results oriented. Jeff worked diligently with all parties to ensure a timely, satisfactory outcome.

      Kimberly Ross
      September 24, 2023

      Beyond amazing! Helped me land a lender in a very difficult spot. Very professional and presented me with all the options and which was best for me. Will be working... read more

      Jeff Reade
      July 24, 2023

      We have refinanced and renewed multiple properties with Jeff. He is professional, diligent and on top of everything. He has accumulated a wealth of knowledge through all avenues of mortgages... read more

      Crystal Moon
      July 24, 2023

      It was obvious from the get go that Jeff had a ton of knowledge and experience just from the answers he gave to all my questions but more importantly Jeff... read more

      Rick Tanaka
      July 24, 2023

      Jeff and Penny are wonderful professionals to deal with. They are efficient, reply your inquiries promptly and very knowledgeable as well transparent. They are very professional and follow up with... read more

      A L
      July 24, 2023

      Jeff was the most professional and helpful broker I have worked with. He explained everything in detail and updated me every step of the way. If you are looking... read more

      Cathay Chau
      July 24, 2023

      I submitted my online application Feb 23, and I got response right that day. Jeff has done a great, fast and efficient job in helping my family with our home... read more

      Gloria Dinamling
      July 24, 2023
    • I submitted my online application Feb 23, and I got response right that day. Jeff has done a great, fast and efficient job in helping my family with our home... read more

      Gloria Dinamling
      June 25, 2023

      I found Jeff through Google while researching home equity loans and he replied to my inquiry that was sent on Sunday night by calling me first thing Monday morning and... read more

      Ying Ying Lee
      June 25, 2023

      3 words Honest, experienced and professional! Jeff was able to present a great lending option to me, further educating me about Mortgages !

      Scott Butt
      March 23, 2023

      I recently had the pleasure of finding Jeff Di Lorenzo on a simple internet search. I was seeking a private lender for a equity loan on my home. I found... read more

      Tanilia Robertson
      February 9, 2023

      Cold emailed Jeff with a question and was impressed with his answer and will reach out to him if we need support with our mortgage. Wow! Great service.

      Mountain View Equine Rescue
      February 9, 2023

      Our experience with Jeff was solid - he worked with us to get the financing we needed on an investment property and put us on the path we needed to... read more

      Jennifer Dayton
      January 10, 2023

      Excellent professional service. Quick results. Secured a first mortgage for us in record time., would highly recommend.

      Ryan C
      January 10, 2023

      Had just an amazing experience with Jeff. Very professional, informative, helpful and promt, Even responded to my emails while on vacation. The process was very quick smooth and easy. I... read more

      Patrick Leong
      November 10, 2022
    • Jeff is a great guy! Always professional and responds quickly with all the information that I need. I very highly recommend for any mortgage needs you might have. ... read more

      Allison Law
      July 24, 2022

      I found Jeff through Google while researching home equity loans and he replied to my inquiry that was sent on Sunday night by calling me first thing Monday morning and... read more

      Ying Ying Lee
      July 10, 2022

      Jeff went above and beyond to help me get out of my current situation . I found him by chance and I sure am lucky I did! Thank you... read more

      Celina A
      July 10, 2022

      Jeff is very fast and efficient. There are many products that banks won't offer you for not much more. Just make sure you include all parties: lawyers, accountants and Jeff I'm... read more

      Edwin Sugiono
      June 25, 2022

      Jeff helped me set up a mortgage quick and easy. He is very professional, informative, and patient. Im very happy with his service. If you are looking for mortgage loan... read more

      RICK SUN
      June 10, 2022

      Jeff is amazing to work with !! Always ready to help !

      Sarnali Das
      April 10, 2022

      Jeff is highly personable and informative. He tells you the facts, what your options are, and helps you make the best decision for your circumstances. He has given me honest... read more

      Krista Vallis
      April 10, 2022

      Jeff was very supportive, and knowledgeable about helping me get a mortgage. Jeff communicated clearly and professionally, and was very easy to talk to. He responded promptly to... read more

      ruth deweerdt
      April 10, 2022
    • Jeff is highly personable and informative. He tells you the facts, what your options are, and helps you make the best decision for your circumstances. He has given me honest... read more

      Krista Reich
      March 30, 2022

      Jeff was great to deal with! I was needing better options asap, and Jeff was able to help me out very quickly and effectively. He's also very personable and knowledgeable,... read more

      Julie Monroe
      March 10, 2022

      Speaking as a fellow mortgage broker, I cannot speak more highly of Jeff Di Lorenzo's expertise in the field. Knowledgeable, fast, friendly and efficient, Jeff goes to bat for clients... read more

      Penny Borg
      February 10, 2022

      Jeff, thank you so very much for working with my wife Nadia and I in securing financing in an epic purchase situation, an opportunity of a lifetime that would have... read more

      jonathan m
      February 10, 2022

      Jeff is a great guy! Always professional and responds quickly with all the information that I need. I very highly recommend for any mortgage needs you might have. ... read more

      Affinity Dance Studio
      February 10, 2022

      I have been a client of Jeff's for several years now and highly recommend using him for your mortgage needs. He is knowledgeable, efficient, friendly, and professional. Jeff has... read more

      Stephanie Swanson
      February 10, 2022

      Jeff is very fast and efficient. There are many products that banks won't offer you for not much more. Just make sure you include all parties: lawyers, accountants and... read more

      Edwin Sugiono
      February 10, 2022

      Excellent services! Always available to answer my questions. Very responsive.

      kin man cheng
      February 10, 2022
    • Working with Jeff was a very positive experience. He is professional, courteous and super fast at responding to any questions or concerns. I would definitely recommend his services to... read more

      Jackie B
      February 10, 2022

      Jeff is wonderful to work with. He is always responsive and possess great ability to secure the best deal for your situation.

      Rex Fong
      February 10, 2021

      He was efficient. He was friendly - actually he's quite a cool guy. It all happened the way he said it would go down - integrity and know-how.... read more

      Alexander Zuke
      February 10, 2021

      Just a note of thanks for the exceptional service you provided to us on our recent mortgage refinancing. We have worked with Jeff for many years, and we are extremely... read more

      Ken Parson
      February 10, 2020

      Jeff was fantastic to work with, and we highly recommend him.

      Nick
      February 10, 2020

      I have worked with Jeff for many years with my mortgage. We went from having to use alternate lenders to getting approved at a major bank with his help.... read more

      Teresa Longworth
      October 1, 2019

      I have had the pleasure of working with Jeff Di Lorenzo as my mortgage broker and have found him to be very capable and knowledgeable, a professional in every way... read more

      Kristin T
      July 24, 2019

      Thanks very much Jeff. You helped us through a challenging process to get the best possible equity offer - which saved us costs and put us in a stronger... read more

      jonathan mann
      June 20, 2019
    • Jeff helped me out a few years ago when we were in a little financial difficulty and he gave us a way out and still own our home. He was... read more

      Donna Tellier
      February 15, 2019

      I have had the pleasure of working with Jeff Di Lorenzo as my mortgage broker and have found him to be very capable and knowledgeable, a professional in every way... read more

      Kristin Thu
      February 10, 2019

      We have worked with Jeff on all our mortgage requirements, he always does the best for us and we have ultimate faith in his ability and knowledge. Would... read more

      Irene Fraser
      February 10, 2019

      My parents needed fast financing to close on a very profitable business opportunity. Jeff put together a private 1st & 2nd home equity loan in just a few days. He... read more

      Rajdeep Singh
      February 10, 2019

      Thanks for making this very easy and helpful Jeff is very good at what he does keep up the good work 5 star sevice 10 star guy thanks jeff

      larry zimmer
      February 10, 2019

      Jeff not only solved all my equity loan issues, he was able to do so quickly, as well as at great terms & rate. Throughout the entire process he... read more

      Restorative Reiki New Westminster
      February 10, 2019

      Jeff is extremely helpful, responsive and transparent in his approach to assisting you with your financial needs. He was always willing to answer question and would present concepts and situations... read more

      Philip le
      January 9, 2019

      I had done the typical thing and approached Alpine Credits and Capital Direct. Both provided approval relatively quickly and I thought the fees associated with the product was "normal". Thank... read more

      collin murray
      February 10, 2018
    • Worked with Steve Nipius now on my mortgage application, and boy did he ever go many extra miles for me. As a small business owner myself, I really appreciate... read more

      Corey Ogilvie
      February 10, 2017

      I have had the pleasure of working with Jeff twice now and my experience has been nothing short of exceptional. Unlike other brokers/banks, Jeff took a genuine interest in... read more

      Kaelan K
      February 10, 2016

      With Jeff's professionalism, we got the loan we needed in no time. He was prompt, informative and helpful. I would recommend him to my friends who would be needing... read more

      Rowena Santos
      February 10, 2016

      Excellent service and excellent advice

      Sol Desmond
      February 10, 2016

      Jeff, thank you so very much for working with my wife Nadia and I in securing financing in an epic purchase situation, an opportunity of a lifetime that would have... read more

      jonathan m
      January 1, 1970

      Jeff not only solved all my equity loan issues, he was able to do so quickly, as well as at great terms & rate. Throughout the entire process he... read more

      Restorative Reiki New Westminster
      February 10, 2019

      Jeff is extremely helpful, responsive and transparent in his approach to assisting you with your financial needs. He was always willing to answer question and would present concepts and situations... read more

      Philip le
      January 9, 2019

      I had done the typical thing and approached Alpine Credits and Capital Direct. Both provided approval relatively quickly and I thought the fees associated with the product was "normal". Thank... read more

      collin murray
      February 10, 2018

    Get Started With Your Private Mortgage Application

    Text or call 778-839-3963 for a quick assessment. Our mortgage broker team provides free consultations to property owners seven days a week.

    The process starts simple. A brief phone call reveals what mortgage rates you qualify for. We discuss your property equity, financial situation, and borrowing goals. You get straightforward answers in under 5 minutes, no application required to start.

    Once you decide to proceed, approvals happen in 24 to 48 hours. We handle the details and keep you informed throughout the process. Straight talk, honest advice, and fast funding. That’s how we work.

    Contact us today to discuss your private mortgage options.

    No obligation. No pressure. Just clear information about the best private mortgage rates available for your BC property.

    CALL OR TEXT NOW

    778-839-3963

    call jeff di lorenzo

    Get Started With Your Private Mortgage Application

    Text or call 778-839-3963 for a quick assessment. Our mortgage broker team provides free consultations to property owners seven days a week.

    The process starts simple. A brief phone call reveals what mortgage rates you qualify for. We discuss your property equity, financial situation, and borrowing goals. You get straightforward answers in under 5 minutes, no application required to start.

    Once you decide to proceed, approvals happen in 24 to 48 hours. We handle the details and keep you informed throughout the process. Straight talk, honest advice, and fast funding. That’s how we work.

    Contact us today to discuss your private mortgage options.

    No obligation. No pressure. Just clear information about the best private mortgage rates available for your BC property.

    CALL OR TEXT NOW

    778-839-3963

    call jeff di lorenzo

    Frequently Asked Questions

    Look beyond the posted rates when comparing private mortgage options. Some lenders offer low introductory interest rates but charge high lender fees. Others have significant prepayment charge penalties or expensive renewal costs.

    Calculate the annual percentage rate to understand your true borrowing cost. APR assumes all fees and costs over your mortgage term. A mortgage rate that looks low might cost more when you factor in lender fee.

    Consider payout penalties too. Some private lenders charge 4 months interest for early payment. This can add additional cost of borrowing if you refinance or pay off the loan early.

    Look at renewal fees carefully. Some lenders charge 1% to 2% of the mortgage amount to renew for another term. These renewal costs effectively increase your rate in subsequent years, which is important to keep in mind when evaluating mortgage rates in BC.

    Ask about all additional fees upfront. Rate holds, legal costs, appraisal fees, and other costs affect your total expense. Your mortgage broker should explain all fees clearly so you can compare offers accurately.

    First mortgage rates in urban BC markets like Vancouver, Victoria, and Kelowna vary by loan-to-value ratio. Properties with 50% LTV or less can secure rates starting around Prime + 2% Higher LTV ratios of 65% to 75% typically see rates from Prime + 4% or more.Conditions apply so call for more details. 

    Second mortgage rates start higher because they represent greater risk to private lenders. Rates typically start from Prime + 4% depending on your total loan to value, property location, and borrower situation. The mortgage lender considers your existing first mortgage and combined debt when setting rates.

    B-lender mortgage rates fall between traditional bank rates and private mortgage rates. These lenders serve borrowers with decent credit who don’t fit bank requirements. Their rates typically run 1% to 3% above prime rate.

    Variable rate mortgages from private lenders are less common than fixed rate options. Most private mortgages use fixed rates for the mortgage term. Your monthly payments stay consistent, making budgeting easier.

    All rates are subject to change based on market conditions and individual circumstances. Contact us for current private mortgage rates specific to your property and situation.

    Private lenders charge higher interest rates because they accept increased risk that banks won’t take. They approve borrowers with credit challenges, income verification issues, or properties that don’t meet conventional lending standards.

    Banks and credit unions follow strict guidelines from mortgage default insurance providers and regulators. They require strong credit scores, verified income, and properties that meet specific criteria. Borrowers who don’t fit these requirements need alternative financing options.

    Private mortgage lenders use their own capital or investor funds to make loans. They don’t have access to low-cost bank deposits or government-backed mortgage insurance. Their cost of capital is higher, which gets reflected in the interest rate.

    The higher mortgage rate compensates for potential default risk. Private lenders know some borrowers will struggle to repay. The interest rates on performing loans must cover losses on defaulted loans and still provide reasonable returns to investors.

    Private lenders also move faster than traditional lenders. Approval in 24 to 48 hours requires streamlined processes and quick decision-making. This speed and flexibility has value that gets reflected in pricing.

    Improve your loan-to-value ratio before applying for a private mortgage. Pay down your existing mortgage balance or increase your property value through renovations. Lower LTV ratios secure better private mortgage rates.

    Shop multiple private lenders through an experienced mortgage broker. Different lenders serve different borrower types and property situations. Comparing offers ensures you get competitive pricing for your specific circumstances.

    Consider shorter mortgage terms if you plan to refinance with traditional lenders soon. Some private lenders offer better rates on one or two year terms. Use the time to improve your credit score and financial situation.

    Ask about all fees upfront and negotiate where possible. Some lender fees, broker fees, and other costs are negotiable. Understanding the annual percentage rate helps you compare true borrowing costs. Work with a mortgage broker who specializes in private mortgages. Experienced brokers maintain relationships with multiple private mortgage lenders and know which ones offer the best rates for your situation. They can also advise on strategies to lower your borrowing costs.

    Maintain your property well and provide accurate documentation. Properties in good condition with clear title appraise better and secure favorable terms. Complete and honest applications process faster and demonstrate reliability to private lenders.

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    Get Approved For A Loan In As Little As 24 Hours

    Apply Today 778-839-3963