Brampton private mortgage review
Private Mortgage Brampton
A clear review for Brampton homeowners dealing with bank declines, urgent timing, arrears, tax debt, or second-mortgage decisions.
Local situations
Brampton situations we see often
Brampton files can have strong equity and real income but still look messy to a bank.
Detached or semi with high debt load
Review whether a second mortgage or refinance can consolidate debt without creating a worse payment later.
Springdale, Castlemore, Credit Valley, or Fletcher's Meadow equity
Test realistic value, first-mortgage position, liens, and how much room remains after fees and legal costs.
Self-employed or trucking income
Package deposits, contracts, invoices, NOAs, retained earnings, and write-offs before assuming private lending is required.
Basement suite or ARU plans
Separate existing rental support from renovations, permits, legality, and whether a lender can use the income.
Review path
Private mortgage triage
This page is intentionally phone-and-review focused, but the decision still needs structure.
1. Urgency
Confirm closing date, arrears, notices, payout statements, tax debt, lawyer status, and what happens if nothing changes.
2. Equity and title
Review first mortgage balance, property tax, liens, estimated value, property type, and mortgage position.
3. Exit plan
Map how the private mortgage will be paid out: refinance, sale, renewal, business-income seasoning, credit repair, or project completion.
Documents
Helpful documents
- Mortgage statement
- Property tax bill
- Any lender/legal notices
- Debt or CRA/HST balance details
- Income or business bank statements
Important limits
Private lending cautions
- Higher rates and fees can be appropriate only when the plan is realistic.
- There is no value in closing a private mortgage that cannot be exited.
- Guaranteed approval language should be ignored.
Review private options
Garrison Capital Corp., operating as Open Financial
Open Financial Lic. 13362.
Principal Broker: Marcel Greaux, Lic. M10002478.