Private mortgage financing in Quebec City

This page covers Quebec City. For an overview of our services across the province, see our page on private mortgage financing in Quebec.

The capital has plexes in its central neighbourhoods, single-family homes in the suburbs, and condominiums. The solutions that may be explored:

• Private first mortgage
• Private second mortgage
• Debt consolidation
• Mortgage refinancing
• 60-day notice
• Urgent funding

Many residents of the capital have stable jobs, notably in the public sector. For them, a bank refusal rarely comes from income: it is more often explained by an event on their credit file, high debt or a personal situation such as a separation. We also see:

• self-employed workers whose income is hard to prove under bank criteria;
• plex owners who want to fund work on an older building;
• urgent cash needs for income tax or municipal taxes.

A homeowner who has owned their house or plex for several years has often built up substantial equity. A private lender can rely on that equity even when the credit file is damaged, provided there is a realistic plan to repay or refinance at maturity.

For older buildings, the lender may require a more detailed appraisal or take the condition of the building into account.

With a stable income but too much debt, consolidation secured by the property can replace several payments with one. When the credit file is the only hurdle, a short-term private loan can serve as a bridge while you rebuild your credit and refinance with an institution.

A refinance can fund renovations, a buyout or the repayment of debts. If the bank says no, we compare a refinance with an alternative lender and a second mortgage, which leaves the current mortgage in place.

Have you received a 60-day notice for a property in Quebec City? Send it to us quickly, along with your latest mortgage statement. We assess whether financing can resolve the situation before the period ends. For your rights, consult a lawyer or notary.

1. Application: you describe your situation, the amount you need and the purpose of the financing;
2. review: we examine the property, the available equity, your debts and the repayment strategy;
3. lender search: your file is presented to lenders whose criteria match your situation;
4. offer: you receive the proposed terms (rate, term, fees) before deciding;
5. notary: the mortgage deed is signed before a notary, who disburses the funds and pays the designated creditors.

For an older building, invoices for recent work (roof, windows, electrical, plumbing) can help the lender assess the property.