Mortgage Financing

Whether you’re a homeowner looking to remortgage or looking for a second mortgage or someone interested in buying a home but are unable to obtain a mortgage from a bank, Alternative Financing Options (AFO) maybe just what you’re looking for.

Major Banks have strict rules and long approval processes. As our name suggests, we offer an alternative to people, who for whatever reason (low credit ratings, previous bankruptcies), fall outside of the strict parameters set by the major banks. Most of the Canadian Banks and lending institutions are regulated by federal law and cannot deviate from the rules. As a result, many Canadians are left without options in times of need.

AFO’s concept is simple – if time is not on your side and you cannot wait for a long approval process or you don’t qualify for a mortgage from a bank or institutional lander, we invite you to contact us. Our approval and funding process is quick and painless. We welcome all opportunities for residential, commercial, multi-unit, industrial and bear land.

First and Second Mortgages:

Loan Term

All mortgages are fixed term for one year with the possibility of a one year renewal.

Loan amounts

Up to $1,000,000.00.

Interest rates

10% to 15% per annum.

AFO’s arrangement fee

5% to 10% of the loan amount, which may be added to the loan amount.

Loan to value ratio

Maximum 80%, including applicable fees.

Security type

Residential, commercial, land and industrial.


Nova Scotia, New Brunswick, Newfoundland, Prince Edward Island and Ontario. Other areas will be reviewed upon request.

Calculate Your Fees

Use the calculator below to determine your fees.



Arrangement Fee:  
Monthly Fee:  
Yearly Fee: