




Not sure which mortgage is right for you?
You can get pre-approved in as little as 24 hours.
Loans ranging from $50,000 to $2,000,000
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 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.
Get pre-approved in as little as 24 hours. Private lenders focus on your property value, not lengthy income verification processes.
Access loans ranging from $50,000 to $2,000,000. Private mortgage lenders offer higher loan amounts than others typically allow.
Bad credit? Self-employed? Private mortgages approve borrowers that banks turn away. Your equity matters more than your credit history.
Combine multiple debts into one monthly payment. Lower your interest rate on high-cost debt and simplify your budget.
| Cost Type | Amount |
|---|---|
| Legal Costs | Your lawyer handles paperwork and title transfer. Legal fees typically run $800 to $1,500 in BC. |
| Appraisal Fees | Lender confirm your home’s current value. Appraisals cost $300 to $500. |
| Lender Fees | Private lenders charge processing and broker fees. These typically range from 1% to 3% of your mortgage amount. |
| Additional Fees | Some lenders charge for rate holds, credit checks, or renewal fees. Ask about all costs upfront to understand the annual percentage rate. |
Home Equity Loans
Our Mortgage Products
Get approved for an investment property mortgage in BC. Private lenders fund rental property financing based on equity. Fast approvals, flexible terms.
Read MoreAccess your home's equity with a cash out refinance in BC. Private lenders approve based on equity, not credit. Apply today with Your Equity Mortgage.
Read MoreGet competitive refinance mortgage rates in BC. Private lenders approve based on home equity, not credit. Fast funding available.
Read MoreOur private lenders will offer you the best loan deals. Get approved based on your home equity, not your income, capital or credit score.
Read MoreFor the self employed, mortgage funding may be hard to come by. Browse our stated income mortgages and get approved fast.
Read MoreB-Lenders are mortgage funds with rates between banks & private lenders. Get approved for a B-Lender loan today.
Read More
Reliable & Professional
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 never felt like I was dealing with an online business. I really appreciated how personal the communication was throughout. He gave me a strong sense of confidence in his ability to quickly find a solution that worked for us, and he absolutely delivered. I wouldn’t hesitate to recommend Jeff to anyone looking for efficient, trustworthy, and personalized lending support
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 he was easy to reach for any questions and concerns, it was reassuring to hear someone respond via phone/email to make my purchase of my apartment easier. Purchasing my apartment was one of the most stressful purchases I have ever had, even when I messed up and miscalculated what I needed to finish my purchase a couple of days before completion, Jeff was able to take care of it within hours and got me what I needed to complete the sale. It help significantly that he was able to respond quickly that day to help resolve the issue instead of having it get bigger. I couldn't recommend him enough, he made everything easier and that helped me deal with other stressful issues days leading up to closing.
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 solid advice and great service.
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 happy as a Clam with our life until that time, we were mortgage free and I was earning a decent income. We were looking forward to finally having one of my childhood dreams come true - building a shop and being able to putter with my Old Cars... With my not being able to pull in the income we were used to, we started looking at getting a mortgage to enable the shop to be completed and have some funds to still live a quality life. As luck would have it, Barb discovered The Mortgage Group online, so we put in a call to see if they could perhaps help, after my Bank (of over 50 yrs.), said they couldn't. So starts our relationship with Jeff Di Lorenzo at TMG. We would not hesitate to highly recommend Jeff if you ever find yourself in a situation of the Banks not willing or able to help. BTW , we were able to finish the shop.
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 provided was top-notch, he explained the process answered questions, and concerns and followed up in a timely manner. Best of all there was no long wait. I would definitely use his services again, and I would recommend him to my friends and family.
Would highly recommend! Fast, efficient, helpful and available when needed. Thanks again. Two thumbs up!
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 my specific requirements of amount, cost to renew the loan and short completion time. Jeff is kind of person who works effortlessly until job done! If you ask me who? Simply Jeff. JUSTIN NGUYEN
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 a broker that I didn't know, but Jeff made the whole process smooth and speedy as possible so that I can meet my timeline. He was very proactive and would respond very quickly with solutions or suggestions. I would not hesitate to recommend Jeff as a mortgage broker to anyone searching for one. Thank you Jeff, it's been a pleasure!
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 a complicated deal. Jeff was exceptionally thorough in all aspects, and responded almost immediately to all questions by email or phone. He has a large network of financing options, and worked hard to secure the best rates and the best terms for me. He was also able to foresee forks in the road, and pivot at multiple times during the negotiation process to ensure my needs were optimally met. I could tell that he was emotionally invested with me - that he cared. I've dealt with other brokers in the past, but Jeff is in a league of his own.
Efficient, friendly and responsive service. All of our questions were answered timely and the process was smooth and simple.
jeff was a great help to us finding cash equity financing. would highly recommend him . thank you jeff
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 my situation and making things work was nothing short of amazing. He managed to get everything done in such a short time. If you're looking for a mortgage broker who delivers with unmatched speed and professionalism, look no further. Highly recommended! Thanks for your help, Jeff!
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 a decision I made with confidence and comfort. No financial decision should leave you feeling abused… and Jeff is the antidote to the stress this type of decision can create. I have no Earthly idea why anyone would go elsewhere. Thank you so sincerely, Jeff!
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 renewals "like you did for us" and they can gain insight and trust in your online platform.
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 He goes above and beyond in building trusting long lasting relationships with his clients.
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 on our home, while not having great credit. Jeff was able to help us refinance so we can do the necessary repairs and get us back on the right track financially, a bonus I might add. Jeff has gone above and beyond to make this process comfortable, less stressful while working tirelessly it felt. You can feel the passion Jeff has in helping people like ourselves. We cant thank him enough. Much appreciation Chad and Michelle
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 seeking a mortgage.
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!
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!
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 working with Jeff again in the future
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 a decision I made with confidence and comfort. No financial decision should leave you feeling abused… and Jeff is the antidote to the stress this type of decision can create. I have no Earthly idea why anyone would go elsewhere. Thank you so sincerely, Jeff!
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 their mortgage renewals "like you did for us" and they can gain insight and trust in your online platform.
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 Highly recommended to all!
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 He goes above and beyond in building trusting long lasting relationships with his clients.
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 on our home, while not having great credit. Jeff was able to help us refinance so we can do the necessary repairs and get us back on the right track financially, a bonus I might add. Jeff has gone above and beyond to make this process comfortable, less stressful while working tirelessly it felt. You can feel the passion Jeff has in helping people like ourselves. We cant thank him enough. Much appreciation Chad and Michelle
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.
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 with him again.
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 and lending and it shows. He is your go to guy for all aspects of lending.
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 gives it to you straight so I knew where I stood each step of the way. He tells you what to expect and communication is quick. You're not waiting days to find out how things are progressing. Negotiating and securing a loan is stressful but dealing with Jeff allowed me to make informed decisions and finally get through the process. Everything worked out basically the way he said it would.
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 the customers. Thank you Jeff and we are very pleased to have you as our advisor to help us out when we really need. I definitely recommend you to my families and friends. Big 5 stars service.
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 for private lender because conventional lenders won’t approve your mortgage, Jeff is the person that will make it happen.
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 equity loan. He gives details and clear instructions and answer all your questions quickly and the process is straight forward. We are happy we got the check on March 28, the little delays in between and along the process were on our side as we were a bit slow in providing the necessary documents otherwise Jeff is very quick all the way. And what I love with this guy is he is very professional in dealing with his clients. I highly recommend to anyone seeking for excellent service like his. Thank you very much Jeff. All the best for your family and your business.
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 equity loan. He gives details and clear instructions and answer all your questions quickly and the process is straight forward. We are happy we got the check on March 28, the little delays in between and along the process were on our side as we were a bit slow in providing the necessary documents otherwise Jeff is very quick all the way. And what I love with this guy is he is very professional in dealing with his clients. I highly recommend to anyone seeking for excellent service like his. Thank you very much Jeff. All the best for your family and your business.
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 discussed various options and whether they are suitable for my needs. From that point onwards, he was prompt, responsive, and was available to answer any questions I have. He gave me all the details I need to ensure my application was completed as soon as possible, and made sure I get all the necessary documents and appraisals completed before they were needed, which made the application process quick and smooth. I am very pleased with his service and would not hesitate using him again in the future, and I will definitely be recommending him to my friends and family. Thank you very much for all your help, Jeff! 🙂
3 words Honest, experienced and professional! Jeff was able to present a great lending option to me, further educating me about Mortgages !
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 Jeff to be very personable and he Instantly understood my wants and acted immediately. Jeff was super prompt answering any questions or concerns I had. He made the process swift and pleasant! I would highly recommend Jeff to anyone seeking a loan or mortgage. Tanilia Robertson
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.
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 be to make our dreams happen. He was professional and understanding. Highly recommend.
Excellent professional service. Quick results. Secured a first mortgage for us in record time., would highly recommend.
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 would definitely look to Jeff for future loans again and would highly recommend him to all my family and friends! Thanks again Jeff!
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 Thanks again Jeff!
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 discussed various options and whether they are suitable for my needs. From that point onwards, he was prompt, responsive, and was available to answer any questions I have. He gave me all the details I need to ensure my application was completed as soon as possible, and made sure I get all the necessary documents and appraisals completed before they were needed, which made the application process quick and smooth. I am very pleased with his service and would not hesitate using him again in the future, and I will definitely be recommending him to my friends and family. Thank you very much for all your help, Jeff! 🙂
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 Jeff for everything you've done for me! I would recommend you to anyone ! Thanks again and keep up the great work!
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 all conversations so you're all the same page because it's the government that may slow you down.
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 options, he is definitely the person you want to talk to.
Jeff is amazing to work with !! Always ready to help !
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 advice, and been helpful even when I chose not to use his service. He was not biased either way. I know it's there if I need it in the future. I trust his advice.
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 all communication and made sure I clearly understood every step of the process. I highly recommend Jeff as a mortgage broker.
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 advice, and been helpful even when I chose not to use his service. He was not biased either way. I know it's there if I need it in the future. I trust his advice.
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 and a delight to work with. Thanks Jeff!
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 in even the most difficult financial circumstances. You and your family would be doing yourself a great favour to bring Jeff on board to get the job done quickly and to your utmost satisfaction.
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 otherwise slipped through our fingers. I hope anyone reading our review will seriously consider seeking the professional assistance of Jeff Di Lorenzo for all your equity and loan needs. We could praise Jeff repeatedly but it wouldn’t be enough. Jeff has twice assisted us in pursuing our dreams. Even in the 11th hour, Jeff pulled out all the stops to get our deal done - something that was far and above anything I would have hoped for or expected. When an unexpected complication arose, Jeff did what he needed to do with ease and grace which made everything get back on track to completion. I will always appreciate Jeff’s professionalism, expertise, knowledge and resourcefulness. I know that the banks would have happily let our dreams die on the vine but Jeff was our first stop this time around for options - based on positive experience of his helping us previously. I implicitly trust Jeff, and although we have only known Jeff on a professional basis, I can say with confidence that he is simply the best. If what you’re needing financially can be done, Jeff will be able to help you do it! Thanks again Jeff!!!
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 Thanks again Jeff!
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 helped me find the mortgage that is best suited to me. Give him a call, and find out how he can help you.
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 Jeff I'm all conversations so you're all the same page because it's the government that may slow you down.
Excellent services! Always available to answer my questions. Very responsive.
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 anyone looking for a mortgage broker they can trust.
Jeff is wonderful to work with. He is always responsive and possess great ability to secure the best deal for your situation.
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 It's a YES from me. Update: Taking equity out of my home not once, but twice, after a lifestyle of living frugally, doubling down on mortgage payments and paying credit cards off in full every month was quite a blow to my self esteem and ego. With Jeff being so professional, quick, thorough, and somewhat funny, it was easy to let anxiety and shame give way to gratitude for the relief that has allowed me the time and resources I needed to focus in on and adequately address what life was trying to show me. If you resonate with integrity, honesty and easy going vibes with professional results, Jeff's the one you want. Thank you Jeff!
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 impressed with the fast, efficient, and professional way he handles our requests. We certainly do recommend contacting Jeff to anyone who might be shopping around for mortgage financing. It’s very reassuring to know that we can contact Jeff because he always makes mortgage financing simple and easy. Thank you, Jeff. Ken & Gaye
Jeff was fantastic to work with, and we highly recommend him.
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 He's very professional and easy to work with
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 Not only is Jeff an excellent broker, he is personable and sincere, qualities I think make all the difference in business. If you are looking for a really great broker who's easy to work with, I would gladly recommend Jeff Di Lorenzo!
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 position to complete the loan on better terms that uniquely benefited our family. I hope everything will work out with finalizing our loan but even if something comes up that prevents completion, I feel you did your utmost to help represent our best interests. I look forward to working with you again when our mortgage is up for renewal next year. Thank you! Jonathan
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 fast and efficient. My husband and I came back after rebuilding our credit and he has now proven how he can get you back to a "A" Lender in the least stressful, fast and efficient way. He was available to answer any questions and help us along this process even after 5pm and I really appreciate everything he did for my husband and myself. Thanks for everything!!!
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 Not only is Jeff an excellent broker, he is personable and sincere, qualities I think make all the difference in business. If you are looking for a really great broker who's easy to work with, I would gladly recommend Jeff Di Lorenzo!
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 highly recommend him
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 was very knowledgeable and kept us up to date throughout the process. I would recommend his services to anyone that needs quality home equity loan at a great rate.
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
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 was a pleasure to work with, taking the time to be kind and to make sure he understood all details so he could find the solution that best fit my circumstances. Once he had several options, he felt the least expensive would be the best fit and, upon review, I agreed. This is someone you can trust to fight for your best interests and never try to upsell to his own advantage. Jeff did more for me than my bank could. Reny Auger
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 in varied ways until I fully understood. I would have no hesitation recommending Jeff to my friends and family.
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 god I checked in with Jeff at The Mortgage Group. He not only saved me thousands of dollars right off the bat, I've got a plan to refinance in 12 months and will continue to benefit financially from Jeff's guidance. I used to believe that some things were to good to be true. How could a single broker, Jeff Di Lorenzo, save me more than the big business? Well he did, and I'm a believer. Thanks Jeff, I look forward to working with you for all of our future mortgage needs.
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 when another business takes a couple hours out of their busy day to answer all my questions. I sent him like 30 questions, not your usual 5 or 6, and he responded within 24 hours thoroughly and understandably Highly suggested. Had a MUCH better feel with this business than the chartered banks, who kind of seem too big to care about you
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 my financial situation and provided unbiased advise even when the best option was potentially with someone else. Jeff has come through when I have needed his help the most and I highly recommend him. Please feel free to contact me with any questions.
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 help with loans.
Excellent service and excellent advice
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 otherwise slipped through our fingers. I hope anyone reading our review will seriously consider seeking the professional assistance of Jeff Di Lorenzo for all your equity and loan needs. We could praise Jeff repeatedly but it wouldn’t be enough. Jeff has twice assisted us in pursuing our dreams. Even in the 11th hour, Jeff pulled out all the stops to get our deal done - something that was far and above anything I would have hoped for or expected. When an unexpected complication arose, Jeff did what he needed to do with ease and grace which made everything get back on track to completion. I will always appreciate Jeff’s professionalism, expertise, knowledge and resourcefulness. I know that the banks would have happily let our dreams die on the vine but Jeff was our first stop this time around for options - based on positive experience of his helping us previously. I implicitly trust Jeff, and although we have only known Jeff on a professional basis, I can say with confidence that he is simply the best. If what you’re needing financially can be done, Jeff will be able to help you do it! Thanks again Jeff!!!
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 was a pleasure to work with, taking the time to be kind and to make sure he understood all details so he could find the solution that best fit my circumstances. Once he had several options, he felt the least expensive would be the best fit and, upon review, I agreed. This is someone you can trust to fight for your best interests and never try to upsell to his own advantage. Jeff did more for me than my bank could. Reny Auger
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 in varied ways until I fully understood. I would have no hesitation recommending Jeff to my friends and family.
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 god I checked in with Jeff at The Mortgage Group. He not only saved me thousands of dollars right off the bat, I've got a plan to refinance in 12 months and will continue to benefit financially from Jeff's guidance. I used to believe that some things were to good to be true. How could a single broker, Jeff Di Lorenzo, save me more than the big business? Well he did, and I'm a believer. Thanks Jeff, I look forward to working with you for all of our future mortgage needs.
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.
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.
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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