FSRA LICENSED BROKER #10557 • EMERGENCY & RUSH FINANCING
When mortgage arrears, a CRA balance, a medical bill or a closing date can't wait for a bank, an emergency house loan uses the equity already sitting in your property to get you funded — often within 24 to 72 hours.
No obligation. One credit check, shopped across 230+ lenders. Available evenings and weekends for genuine emergencies.
WHY HOMEOWNERS CALL US FIRST
An emergency house loan is a short-term loan secured against the equity in your home, arranged through a private lender rather than a bank, so it can be approved and funded in days instead of weeks. Approval is based mainly on your home equity and a clear repayment plan, not your credit score or income documentation.
It’s also known as a rush private mortgage, emergency home equity loan, or crisis mortgage — not a distinct legal product, but a private first or second mortgage arranged and underwritten with speed as the priority.
— WHEN THIS FITS
If any of the following applies, it’s worth a same-day call before assuming there’s no way forward.
Fast funding can pay out arrears and legal costs before a power of sale proceeds, buying room to refinance properly.
Lenders can pay a CRA balance or tax arrears directly at closing, provided there's enough equity to cover it.
Treatment, care or recovery costs that can't wait for a bank's multi-week approval process.
A failed roof, furnace or structural issue that needs addressing before it becomes a bigger, costlier problem.
Self-employed or business-owner borrowers bridging payroll, inventory or a short-term shortfall using home equity.
Satisfying a court-ordered payment or removing a lien before it escalates into further action against the property.
Rush closing financing when an A-lender withdraws approval days before your purchase or renewal closes.
Bridging the gap between a claim payout and the actual cost of rebuilding, repairing or replacing.
Meeting a buyout, equalization or estate-related deadline without forcing a rushed property sale.
— HOW IT MOVES THIS FAST
Every file is different, but this is the typical path for a genuine emergency case.
We review the situation, your equity position and the realistic timeline in 15 minutes.
Your file is matched against the network and a lender issues terms, in writing.
An independent appraisal confirms equity while the final lender is locked in.
Your real estate lawyer and the lender's lawyer finalize documents and payout instructions.
Funds are wired to pay arrears, CRA, or directly to you at closing.
— PRICING
Indicative ranges based on current private-lender activity in the network. Your actual rate depends on equity, location, property type and urgency.
| Product | Typical Rate | Max LTV | Typical Term | Typical Funding Time |
|---|---|---|---|---|
| Emergency 1st Mortgage / Refinance | 4.99%+ | Up to 80% | 3 – 12 months | 48 – 72 hrs |
| Emergency 2nd Mortgage / HELOC | 9.99% – 14.99% | Up to 85% combined | 3 – 18 months | 24 – 72 hrs |
| Power of Sale Rescue | 8.99% – 13.99% | Up to 80% | 3 – 12 months | 48 – 96 hrs* |
| CRA / Property Tax Arrears Payout | 8.99% – 13.99% | Up to 80% | 6 – 18 months | 48 – 96 hrs |
| Rush Purchase / Bridge Closing | 8% – 13% | Draw or equity-based | 1 – 12 months | 24 – 72 hrs |
*Power of sale timelines can depend on how far the file has progressed with the existing lender’s law firm. Rates last reviewed September 2026. Lender, broker, legal and appraisal fees apply on top of interest — a full cost breakdown is provided in writing before you sign anything.
— PLAN AHEAD
A quick estimate of how much cash your home equity could realistically release. This is a planning tool — your exact number depends on appraisal, location and lender review.
Enter figures without commas or with — both work.
Estimate only. Final available amount depends on an independent appraisal, existing liens, location and the lender's underwriting review. Not a commitment to lend.
— GET IN TOUCH
Ontario & Alberta — virtual across Canada
In-person & virtual meetings, 7 days a week
FSRA #10557 — Dominion Lending Centres Mortgage House
— WHERE IT FITS
Speed, size and cost trade off differently across each option. Here’s how an emergency house loan compares.
— AT A GLANCE
Approximate time from application to funds available, based on typical processing across each financing type.
— GETTING STARTED
— COSTS TO BUDGET FOR
Income documents help but are not always required — approval leans primarily on equity and the strength of your exit plan.
Emergency house loans solve urgent, short-term problems — they are not designed to be permanent financing. Rates and fees run higher than bank mortgages to reflect the lender's speed and risk, so the loan should be paired with a realistic plan to refinance, sell, or repay within the term. A licensed broker will walk through every fee in writing and confirm the numbers work for your situation before you commit to anything.
— WHY HOMEOWNERS CALL US
Deep familiarity with time-sensitive files across Ontario, including power of sale and CRA situations.
Your file is matched against private lenders, MICs and B-lenders who actually fund emergency cases.
Shopped across the network without repeated hard pulls damaging your credit further.
A track record of moving real files to closing under genuine time pressure.
Book a no-obligation call and find out within minutes whether an emergency house loan can solve what you're facing — one application, one credit check.
A short-term loan secured against the equity in your home, arranged through a private lender rather than a bank, so it can be approved and funded in days instead of weeks. Approval is based mainly on home equity and a clear repayment plan, not credit score or income documentation.
A conditional approval can typically be given within 2 to 24 hours of a completed application. Full funding usually follows in 24 to 72 hours once an appraisal is done and a real estate lawyer prepares the closing, though complex files such as power of sale or multiple liens can take slightly longer.
Yes. Private lenders underwrite primarily on the equity in the property and your exit plan, not your credit score or T4 income. Bruised credit, self-employment, a past bankruptcy or a consumer proposal rarely disqualify a borrower outright, provided there is sufficient equity remaining after the loan.
Common uses include catching up mortgage arrears to stop a power of sale, paying off CRA or property tax debt, covering an urgent medical expense, funding a time-sensitive home repair, bridging a business cash-flow gap, satisfying a legal judgment deadline, or closing a purchase after a bank funding fell through late.
The amount is driven by the equity in your property. Most private lenders will fund up to roughly 75% to 85% loan-to-value, meaning your total debt against the home, including your existing mortgage, generally cannot exceed that share of the property’s appraised value.
No. A bank HELOC is a revolving credit line that typically requires strong credit and income verification and can take two to six weeks to set up. An emergency house loan is a private, equity-based term loan built for urgent timelines, approved primarily on the property and usually funded in days.
Rates are higher than bank financing, generally in the range of 7.99% to 14.99% depending on the position, loan-to-value and urgency, reflecting the lender’s added risk and speed. Lender, broker, legal and appraisal fees typically apply on top of interest, and should be disclosed in writing before you commit.
Most homeowners treat an emergency house loan as a short bridge, typically 3 to 18 months, used to resolve the immediate crisis and stabilize their finances, then refinance into a lower-rate bank or B-lender mortgage once their credit, income documentation or property situation qualifies again.
Reviewed by a licensed mortgage broker
Mortgage Broker, Dominion Lending Centres Mortgage House · FSRA Licence #[10557]
Faizal Garasia has arranged private and institutional mortgage financing across the GTA for 15+ years, working with homeowners turned away by their bank due to credit history, self-employment income, or timeline. This page was last reviewed for accuracy on [Aug 2026].