Townhouses sit between detached homes and condos, and they make solid security for a private mortgage. Here is how it works.
Freehold and condo townhomes
Whether your townhouse is freehold or part of a condominium corporation, it can be used as security for a private mortgage as long as it is built and properly zoned.
First and second mortgage options
You can arrange a first mortgage for primary financing or a second mortgage to tap equity, depending on your needs and any existing loan.
Typical scenarios
Townhouse owners commonly use private mortgages to bridge timing gaps, fund improvements, or access capital quickly.
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If this fits your situation, start your application or contact us and we will help you understand your options across Ontario.
This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.