What is a private mortgage and how is it different from a bank mortgage? +
A private mortgage is funded by private investors or companies rather than banks or credit unions. They have more flexible approval criteria — ideal if your credit is damaged, you're self-employed, or you've been declined by a traditional lender. Rates are typically higher but approval is much faster.
What does "no payments for 12 months" actually mean? +
The interest that would normally be due during the first 12 months is prepaid from the mortgage advance itself. You receive your funds and don't have to make any payments for up to 12 months. This is subject to lender approval and your specific situation.
How fast can I get approved? +
In most cases, you can receive an approval decision within 24–48 hours of submitting your application. Funding typically follows within a few business days depending on your situation and the lender.
Does my credit score matter? +
Not the way it matters at a bank. Private lenders primarily focus on the equity in your home rather than your credit score. Even if your credit is damaged or non-existent, you may still qualify based on your property's value.
Is the consultation really free? +
Absolutely. There is zero cost to speak with Rahul and explore your options. You'll receive honest advice about what you qualify for before any commitment is made.
Who is Rahul and why should I trust him? +
Rahul Kambhampati is a licensed Mortgage Agent Level 2 in Ontario (License #M24001611), regulated by FSRA. He works directly with clients — no call centers, no hand-offs — and specializes in mortgage solutions for Ontarians who need flexible, fast financing.