Emergency Mortgage Toronto – Get Fair Emergency Options in 24-48 Hours

A Notice of Sale Under Mortgage is the first step a lender takes to sell your property to recover their money. Under the Mortgages Act, you generally have a specific redemption period (often 35 days) to pay the arrears and legal fees to bring the mortgage back into good standing before they can take possession.

We specialize in speed. With private mortgage lenders, approvals can happen in 24-48 hours. Depending on the complexity of the file and the appraisal, funding can often be arranged within a few business days.

Yes, private lenders take on higher risk, so rates are higher than banks. Costs usually include the lender fee, broker fee, legal fees, and appraisal. However, we always disclose the full APR so you can compare costs accurately.

Not necessarily. Power of Sale is a process, not an instant event. If you can secure new financing to pay off the arrears or the full mortgage during the redemption period, you can stop the process. However, if the home is sold for less than you owe, you may face a deficiency claim.

Yes. We work with lenders who focus on the equity in your home rather than just your credit score. We also help self-employed individuals and those with foreign income or international credit history.

Banks have strict "stress tests" and require perfect documentation. Private lenders focus on the Loan-to-Value (LTV) ratio of the property. Private terms are usually short-term (1 year), often interest-only, designed to bridge you to better financial health.