best mortgage rates Mississauga

Private and Alternative Mortgage Solutions: When Banks Say No, We Say Yes

Traditional lending isn't for everyone. At Khan Mortgages, we provide Private and Alternative Mortgage Solutions in Mississauga that focus on your home's equity rather than just your credit score or T4s.

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best mortgage rates Mississauga

Flexible Equity-Based Financing for Every Financial Situation

In today’s tightening financial landscape, Private and Alternative Mortgage Solutions serve as a vital bridge for Mississauga residents who don’t fit the “Big Bank” mold. At Khan Mortgages, we specialize in First Mortgages, Second Mortgages, and Private Mortgage options that prioritize the value and location of your property over traditional income verification. These solutions are ideal for self-employed entrepreneurs, those rebuilding credit, or homeowners facing time-sensitive situations like tax arrears.

 

While we always aim to transition our clients back to prime lending, we utilize alternative frameworks that align with the risk-management standards often discussed by the Canada Mortgage and Housing Corporation (CMHC) to ensure your short-term loan has a viable long-term exit strategy. Whether you need a short-term interest-only loan to stop a power of sale or an alternative “B-Lender” solution with more flexible debt ratios, our local expertise ensures you get funded fast. Contact Khan Mortgages today to explore our private and alternative mortgage solutions and secure the funding you deserve.

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A Mississauga homeowner successfully securing alternative financing through private and alternative mortgage solutions from Khan Mortgages.

Private mortgages typically feature interest-only payments and have terms ranging from 6 months to 3 years. At Khan Mortgage, our experienced mortgage agents specialize in connecting you with the best private lender for your unique financial situation and needs.

 

Private lenders understand that traditional lenders’ criteria can be too rigid, leading to the rejection of borrowers who are fully capable of repaying their loans. Unlike banks, private lenders focus more on the value and condition of the property rather than solely evaluating the borrower’s credit score and income.

 

Let our team assist you with any questions you may have.

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Private Mortgage

Looking for a loan or a mortgage when you have a bad credit score or a bankruptcy in your name can be highly frustrating. Helping you get the Private Mortgage you need.

Bad or Poor Credit

Do you have bad or poor credit and are trying to get a mortgage but it's proven to difficult? We might be able to help. We have options to help those with bad credit get the mortgage they need.

Home Equity Line of Credit (HELOC)

A HELOC can be a great way to access needed money for those important things that come up in life. Helping you get the Home Equity Line of Credit you need.

Self-Employed Mortgages

We work with lenders from all across Canada that offer excellent mortgage options for self-employed Canadians like yourself. Helping you get the Self-Employed Mortgage you need.

Private and Alternative Mortgage Solutions

Why Choose Khan Mortgages?

  • Equity Over Credit: We focus on your property’s Loan-to-Value (LTV) ratio, often lending up to 75-80% of your home’s value.

  • Rapid Funding: While banks take weeks, our private lending partners can often provide a commitment within 24–48 hours.

  • Interest-Only Options: Lower your monthly overhead with interest-only payments, perfect for short-term financial transitions.

  • Exit Strategy Planning: We don’t just give you a loan; we create a roadmap to help you qualify for traditional rates in the future.
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How does it work?
How do I get started?

At Khan Mortgage, we’ve simplified the mortgage process to make it as easy and seamless as possible. Our network of experienced mortgage professionals will guide you through every step of the way.

1. Find an Agent or Broker

Find the expert you want to collaborate with.

2. Apply Safely Online

Approximately 5 minutes is all you need.

3. Get Your Funding Fast

When all goes according to plan, funding is swift!

(416) 807-5050
best mortgage rates in Mississauga

frequently asked questions

Find answers to your most pressing mortgage questions in our Frequently Asked Questions section.

These are non-bank lending options provided by private individuals, investment groups, or “B-Lenders.” Private and Alternative Mortgage Solutions are designed for borrowers who cannot meet the strict stress tests of traditional institutions due to bruised credit, non-traditional income, or unique property types.

Because private lenders take on higher risk, interest rates are typically higher than bank rates, often ranging from 7% to 12% in the current 2026 market. However, they offer much higher approval success rates and faster access to capital when it’s needed most.

Most private loans are short-term solutions, usually lasting 1 to 2 years. The goal is to use this time to improve your credit or stabilize your income so you can eventually switch to a traditional First Mortgage with lower rates.

Yes. We frequently help investors and homeowners secure a Second Mortgage through private lenders to access equity for renovations, debt consolidation, or new business ventures. Contact Khan Mortgages today to see if our private and alternative mortgage solutions are the right fit for your property goals.