FAQ

You can apply over the telephone by calling us at (877) 220-7738. Or you can fill out our online form by clicking on the “Online Application” button. One of our mortgage financing specialists will contact you to let you know whether your application was approved.

We finance up to 75% of your property’s market value. One of our specialists will appraise your property at no cost to you.

Our private mortgage loans range from $15,000 to $1,000,000 for terms of 3 to 36 months. If you would like a larger loan, please call our customer service team at (877) 220-7738 to discuss the available options.

We will offer you a loan at an interest rate that is based on your risk profile and your property’s loan-to-value ratio. While you would undoubtedly get a lower interest rate through a conventional bank or credit union, we offer a much simpler and quicker financing process and are less expensive than other private mortgage lenders.

You first need to apply, either online or over the telephone. The application will be forwarded to our underwriting experts for approval. If you are approved, we will get back to you on the same day with a financing offer. If you agree to the terms, we will come to you, at your convenience, to have you sign the preliminary documents. The notarized mortgage deed will be signed within a week of the initial meeting.

Applying takes only minutes and you will receive the funds within a week.

Victoria Financial has its own capital. We are not a mortgage broker and do not sell our loans.

To take out a private mortgage loan with Victoria Financial, you will need to provide two pieces of identification, a mortgage statement if there is a mortgage on your property, proof of home insurance, a certificate of localisation, a cheque specimen and a copy of the leases if you are looking to mortgage a rental building.

Yes, because our loans are approved mainly on the basis of your property’s available equity. We do not take your credit history into account.