Get Approved on Your Terms.

No Income Verification, No Minimum Credit

1st & 2nd Mortgages upto 80% LTV

Same Day Approval, Next Day Funding

Rates Starting at 6.99%

Home Equity Loans Starting from $15,000

Customizable Mortgage Solutions

Lendmax can help clients with mortgage options regardless of their income or credit situation all over Ontario. We specialize in working with self employed or bruised credit customers that have been declined by banks and serve alternative flexible mortgage products. You can access your home equity for any of these reasons:

Investments
Mortgage Arrears
Debt Consolidation
Vehicle Purchase
Medical Bills
Business Startups
Home Renovation
Education Bills
CRA Income & HST Debts

See Why Our Borrowers ❤️ Working with Us

How it Works

Quick Apply

Apply in minutes to unlock cash with your home equity from $15,000 to $1.5M and get approved same day.

Get Offer

Get low interest rates from 6.99% APR for 1st & 2nd mortgages. Sign your offer online and start saving.

Get Funded

Access your funds as soon as next day deposited directly into your bank account and enjoy a free credit builder tool.

Ready to get started?

Flexible Mortgage Options

Direct Lender to Customer Mortgage Pricing

1st mortgage

Starting from 6.99%

Upto 80% LTV
Appraisal reimbursement
Next day approval
No lender legal fee

2nd mortgage

Starting from 9.99%

From $15,000 - $500,000
No minimum income or credit
Ontario wide funding
Flexible terms 3,6,9,12 months

home equity loans

Starting from 7.99%

Upto $75,000 2nd mortgage
No appraisal fee, no legal fee
Prepaid or monthly interest
No renewal fees

Why Choose Lendmax?

Appraisal Timeline

Fast and efficient appraisal process, ensuring quick loan approvals.

No Minimum Credit Score

We consider all borrowers, regardless of credit history.

Rates and Fees

Competitive rates and transparent fees to maximize your returns.

No GDS TDS

No rigid debt servicing ratios, making it easier to qualify.

Upto 80% Ontario Wide

High loan-to-value ratios across Ontario, offering flexibility in lending.

Lend on Appraised Value

Loans based on the property’s appraisal value, giving you more lending options.

Broker Driven, Broker Loyal

Priority Underwriting Service to Mortgage Pros

Email Submissions help us manage our file review better than any electronic submission.

Via Email, we have access to the application, appraisal and credit report all in a single shot helping us underwrite the file faster.

A quick pricing can help you close a deal faster with clients that are looking for an almost instant solution.

To avoid getting shopped on by Your Clients', We recommend every broker to start with a Property Appraisal with the recommended Approved Appraiser List. With a Clear Property Value, its' Marketability, Property Condition and location analytics, Our underwriting team can approve a file in under 20 minutes.

No Compromise, Just Maximize.

Wayne Marks, Broker

24 Hours

Turn Around

Excellent

Pricing

9.4/10

Solution Convenience

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Success in Action

Faster Review, Faster Commitment & Faster Funding

Andre Hollander

I submitted my deal on thursday and they funded on monday. doesnt get better than that. client was extremely happy and got an great rate

Max Armani

I requested a quote for a deal and received a reply in just a couple of hours. I funded that same deal 2 days later. I like their process, its fast and no nonsense. like no bank statements or corporate documents.

Kimberely Beuveau

Happy to see some lenders understand the concept of equity. We funded a deal in pickering at 80% when everyone else declined or low balled. funded pretty quick in about 5 days and rates were reasonable.

Samuel Akendule

Great work guys, thanks for your help in closing so quickly.. highly recommended!!

Aliya Habib

My clients refinance from a pvt 2nd was stuck with no renewal and most lenders declining the deal. I found a good solution here, they used my appraisal and offered a low rate to my client. Definitely use again.

Frequently Asked Questions

Quick Answers to most of your general questions

What provinces are you lending in?

At the moment in ON, we are lending on all our Prime+, Prime, Max and Flex upto 80% LTV (all 1st & 2nd mortgage options). For BC & AB, our first mortgage Prime+ is available upto 65% LTV and

How can I submit my deal?

We accept electronic deal submissions via Filogix & Finmo and via email: [email protected]. Please only submit your deals with a mortgage application, credit report and appraisal for review and pricing. Deals with out appraisals may not receive a priortized response.

How long does it take to review a file?

Typically we can provide an answer and a pricing on the request within 2 hours after a full review. However we require an appraisal, credit report and application upfront to offer a clear pricing.

What property types do you lend on?

Our speciality is residential, while we do some small commercial for every deal our review requires an analysis of property marketability, days on market, adjusted expsoure and exit strategy. With city/town population sizes > 50k or within 15 minutes of a larger city/town we can offer upto 80% LTV on all properties except condominium properties.

What's your max LTV on condos?

For condos, our max at the moment is 65% and we will offer upto 75% on exception where we look for the condo to be a configuration of more than a 1+ Den. We need the condo to be appealing to a larger audience than just investor buyers.

What is your best mortgage product?

We offer 80% LTV on First Mortgage deals that may not qualify with many other lenders on a private refinance or have credit concerns. Since we have no minimum credit requirement, we can be very competitive in a value offering for upto 80% LTV.

Do you charge any fees other than lender/rate?

As a mortgage lender, the only other fee we charge a non-refundable admin fee against each file that has been underwritten, and is ready to be or has been committed. Our admin fee is $1000 for 1st Mortgages and $500 for 2nd mortgages. This fee helps us stay efficent on mortgage requests from serious borrowers and brokers and covers any incidental fees towards legals under a failed transaction instructed to lawyers. There are no hidden fees in our commitment, a schedule A is available for review here.

Do you have a minimum and maximum mortgage amount?

Our mortgage approvals are offered under our Residential & Commercial regular program and jumbo mortgage program.

Min. Mortgage Amount $25,000 (Regular & Jumbo)

Max. Mortgage Amount $1,000,000 (Regular capped to 80%)

Max. Mortgage Amount $3,000,000 (Jumbo capped to 75%)

Do you offer a single charge mortgage upto 80%?

Our mortgage approvals upto 80% may originate from mutlple fund sources with varying risk thresholds or geographical location restrictions. Most 80% approvals are offered as a 1st & 2nd Mortgage Bundles with 2 sepeare charges.

What is your legal fee?

Lendmax Capital uses a number of approved lawyers on our panel which range between $1,500 to $2,500 plus disbursements & HST priced according to the property value.

What's your renewal fee?

Funded mortgages may be eligible for renewals offered at a renewal rate and fee based on the current market rates and Lendmax Capital current offersing. For mortgages that are not eligible for renewal, the borrower will receive a non-renewal notice 90 days pior to the maturity date.

What type of Hold-backs can you apply?

Our typical Hold-back would apply to a Prepaid 12 months, Prepaid 6 months, Property Taxes, Property Repair Condition,

How fast can you fund 1st & 2nd mortgages?

We can instruct a file within 2 hours from the time the File is marked Broker Complete. The funding for 1st mortgages may take upto 5 business days and 2nd mortgages may take upto 2 business days. Please check with the borrowers' lawyers to confirm if they can accommodate an expedited closing. Rush fees apply for mortgages funded under this timeline.

What's your underwriting process?

We rely heavily on our due diligence on the property and the appraisal report when offering an approval or pricing a deal. Credit is relevant however not a deciding factor for our approval. We work with clients under 500 and over 700 beacon scores and the rates vary very little. We look for a clean exit and debt serviceability on every mortgage opportunity.