Turn Your Home Equity Into Cash — Even With Bad Credit.
Alberta's equity-based private lenders. No income test. No credit minimum. Approvals in 24–48 hours. Fast funding in 3–7 business days.
???? No obligation · No credit pull · 100% confidential
When the Banks Say "No" — We Say "Let's Talk"
Private lending is designed for real-life situations that don't fit the bank's rigid box.
Lightning Fast Funding
While banks take 3–4 weeks, we approve in 24–48 hours and fund in as little as 3–7 business days. Speed matters.
Credit Agnostic Approval
We lend on your home's equity — not your credit score. Bad credit, bankruptcy, consumer proposal? If you have equity, you likely qualify.
Self-Employed Friendly
No T4s? No problem. We use stated income and bank statements to verify your ability to carry the loan. No stress test required.
Interest-Only Payments
Private loans are interest-only — meaning lower monthly payments while you stabilize your finances and work toward bank approval.
Exit Strategy Included
We don't just give you money — we build a 12-to-24 month roadmap to get you back to a bank at prime rates.
Alberta Local Experts
We know the Alberta market — Edmonton, Calgary, Red Deer, Lethbridge, and most urban centers across the province.
Common Situations We Help With
???? Debt Consolidation
Use home equity to pay off high-interest credit cards (20%+) with a lower-rate mortgage. Free up hundreds per month.
???? Stopping Foreclosure
We can provide emergency funding to stop legal proceedings and save your home — often within days.
???? Renovate to Sell
Get the cash needed to finish renovations and increase your home's market value before listing.
????️ Bridge Financing
Buying before you sell? We bridge the gap — quickly and without the bank's rigid qualification rules.
???? Bank Turndown
Failed the stress test? Too much debt? Self-employed income? Bring us your declined file — we've seen it all.
???? Business Capital
Need working capital to grow your business? Your home equity is your most powerful (and underused) asset.
Private Lender vs. Traditional Bank
| Feature | ???? Traditional Bank | ⚡ Private Lender (Us) |
|---|---|---|
| Approval Basis | Credit Score & T4 Income | Home Equity & Location Better |
| Funding Time | 15–30 Business Days | 3–7 Business Days Faster |
| Approval Turnaround | 5–10 Days | 24–48 Hours Faster |
| Loan Term | 1–5 Years | 1–2 Years (Bridge) |
| Payments | Principal + Interest | Interest-Only (Lower) Better |
| Stress Test Required | Yes — strict | No Stress Test Better |
| Bad Credit? | Likely Declined | Equity-Based — OK Better |
| Paperwork | Extensive | Minimal Easier |
We Don't Just Give You Money — We Give You a Plan
Private lending is a bridge, not a destination. Here's your 12–24 month roadmap back to bank rates.
Get the Private Loan
Access funds based on your equity. Stop the financial bleeding & consolidate debt immediately.
Clean Up Credit & Debt
Use funds strategically to pay off high-interest debt and improve your credit profile over 12 months.
Season Your Income
Build 1–2 tax years of verifiable income. Self-employed clients use this window to qualify properly.
Refinance at Prime Rates
Transition back to a traditional bank or credit union at significantly lower interest rates. Mission complete.
Common Questions About Private Mortgages
Approvals happen within 24–48 hours. Funding typically follows in 3–7 business days. Urgent situations can sometimes be expedited.
While we check credit, private lending is primarily based on your home's equity. If you have equity, you are likely approved regardless of your score.
Absolutely. We specialize in Stated Income for entrepreneurs who don't show traditional T4 income. Bank statements work fine.
Private loans are short-term (1–2 years). We work with you to bridge the gap until you can refinance with a traditional lender at lower rates.
You typically need a minimum of 20–25% equity in your home. An appraisal will confirm your property's current market value.
Yes. We have helped many Alberta homeowners stop legal proceedings and power of sale with emergency private funding — often within days.
We Saved the Day. They'll Tell You.
"I was 2 months behind on mortgage payments and facing foreclosure. EDMMTG got me funded in 5 days. Literally saved my family's home. I cannot thank Steven enough."
"Three banks turned me down because I'm self-employed. Steven got me approved based on my home equity. No stress test, no T4s needed. Fast and professional."
"Had a consumer proposal on my record. I thought no one would lend to me. EDMMTG approved me within 48 hours and helped me consolidate all my credit card debt."
Get Your Instant Equity Quote
Takes 60 seconds · No credit pull · No obligation
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Need to speak with us right now?
Email: steven@edmmtg.ca