Discover our simple 3-step process to unlock your home equity. Get approved in 24 hours and funded in 48. Fast and common-sense-based financing starts here.
*After submitting this form, we will contact you within 24 hours.
A private mortgage is a short-term loan from an individual investor or a private company. Unlike traditional banks, private lenders do not follow strict government rules regarding income or credit. Instead, a private mortgage is equity-based. This means the lender looks at the property’s value, location, and condition to decide on the loan. These are often used as a “bridge” to help a borrower solve a financial problem quickly before moving back to a standard bank.
A private mortgage broker acts as a professional matchmaker between a borrower and a network of private lenders. Because private lending is not as public as big banks, a broker is essential to find the best deals. Here is the process:
The broker reviews the property value and the borrower’s specific goals. This includes looking at bruised credit or self-employed income files that banks often reject.
The broker uses a deep network of individual investors and Mortgage Investment Corporations (MICs) across BC. They find the lenders who are most likely to say “Yes” to that specific property type.
The broker negotiates the private mortgage rates and terms. The goal is to ensure the monthly payments are manageable and the “exit strategy” is clear.
The broker handles the paperwork and works with lawyers to ensure the funds are delivered quickly. Most brokers can move a file from application to funding in as little as 48 hours.
A home equity loan is a way for a homeowner to borrow money using part of the house they already own as security. Equity is the difference between what the home is worth and what is still owed on the mortgage. This loan provides a lump sum of cash that can be used for any purpose. Because the home is used as collateral, these loans often have better terms than high-interest credit cards or personal loans.
To understand your borrowing power, look at this example for a home in Surrey, BC:
A portion of that $1.2 Million in equity can be accessed to help with any financial need, whether it is for a short-term project or long-term stability.
Your income is lower / unemployed
Your credit is bruised.
You have unexpected expenses.
You own multiple properties.
You need funds fast!!!
You are self-employed.
Need money for short-term needs.
You are self-employed.
Unexpected Expenses
Cashflow
Home Equity loans rely mostly on the equity of your home, your house location, and its condition.
If you have enough equity available in your home, no problem! We can still help you secure a bad-credit mortgage.
1. Apply Online
Fill out thesimple application form or call to speak with a local BC specialist. It only takes 7 minutes to start.
Receive an approval decision within 24 hours. Your home equity is the key to getting a "Yes."
Once approved, the loan funds are deposited directly into your bank account. The process is fast, transparent, and stress-free.
Seven Lending adheres to all BCFSA regulations to ensure every borrower is protected. Whether you are in the Lower Mainland, the Okanagan, or Vancouver Island, our team is ready to help you unlock your home’s potential.
Credit cards in BC often charge 19% to 29% interest. A home equity loan provides a much lower interest rate, saving you thousands of dollars.
Approval for a private mortgage relies mostly on the equity of the home, its location (such as Abbotsford or Victoria), and the property’s condition.
If there is enough equity in the home, you are likely to be approved. We focus on the asset, not the credit report.
While a bank takes weeks, Seven Lending can fund a file in as little as 48 hours.
| Loan Amount | Monthly Payment | Interest Rate | Is Real Estate Required? | Term | APR |
|---|---|---|---|---|---|
| 1st Mortgages (Rates starting from 4.95%) | |||||
| $50,000 | $225.84 | 5.49% | Yes | 2 Years | 10.91% |
| $100,000 | $436.22 | 5.49% | Yes | 2 Years | 8.40% |
| $250,000 | $1,063.22 | 5.49% | Yes | 2 Years | 7.07% |
| 2nd Mortgages | |||||
| $50,000 | $341.73 | 7.49% | Yes | 2 Years | 12.19% |
| $100,000 | $660.06 | 7.49% | Yes | 2 Years | 10.40% |
| $250,000 | $1,608.79 | 7.49% | Yes | 2 Years | 9.07% |
Traditional Banks
Do you own your home?
Credit history report
Proof of income
Employment status
Age limits
Use this form on this page or call to speak to one of our representatives.
Approved with 24 hours. Your home equity the key to your approval. Get approved now!
We make it easy. Loan funds can be deposited directly into your bank account, once approved
Explore helpful videos from our team covering mortgage tips, success stories, and expert advice. Stay informed and empowered.
*After submitting this form, we will contact you within 24 hours.
*After submitting this form, we will contact you within 24 hours.
*After submitting this form, we will contact you within 24 hours.
