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Private Mortgage Lender in St. Thomas

Hi, My name is Ronald Alphonso and we have private lenders in St. Thomas that can help you get money for a second mortgage or home loan. If you have already been turned been turned down for a second mortgage or loan in St. Thomas, Ontario Canada by the major Canadian banks, a private mortgage lender in St. Thomas may still be able to help you get the funds that you require. We will look at your total financial situation to fully assess if private mortgage financing fits your needs.

What is a Private Mortgage?

A private mortgage loan comes from a private mortgage lender who providing the money; it is also called a home equity loan or private second mortgage. A private mortgage lender in St. Thomas may tend to only lend in small geographic areas. Some private mortgage loans can start from as little as $20,000.00, the term of the mortgage is usually 1 year but could be longer. The private mortgage company then goes through the same process a Canadian bank does and registers the loan against your property. This means that the decision to lend is based on the equity and value of the property being put up as collateral, and not based on the your credit. Most private mortgage lenders in St. Thomas, Ontario have a maximum loan to value ratio (LTV) of 85%, in some cases the LTV can be as high as 90%.

Reasons for a Private Mortgage

Some reasons for obtaining private mortgage loans are: debt consolidation, home renovation, recent job loss, divorce, recent illness and many others. Due to some of these factors the borrower may not be able to take a loan or mortgage on their property from Canadian banks or other financial institutions. Our job is to get you the loans you require, we can arrange your loan even if you do not have a great credit score.


Follow this link for the 2011 St. Thomas census.

Private Mortgage Lender St. Thomas Information

St. Thomas
Population and Dwelling Counts St. Thomas, City Ontario
Total Total
Population in 2001 33,236 11,410,046
Population in 1996 31,407A 10,753,573
1996 to 2001 population change (%) 5.8 6.1
Total private dwellings 13,792 4,556,240
Population density per square kilometre 1,030.9 12.6
Land area (square km) 32.24 907,655.59
Earnings in 2000 St. Thomas, City Ontario
Total Male Female Total Male Female
All persons with earnings (counts) 17,405 9,225 8,185 6,319,535 3,311,105 3,008,425
Average earnings (all persons with earnings ($)) 29,257 36,262 21,365 35,185 42,719 26,894
Worked full year, full time (counts) 9,525 5,735 3,790 3,527,045 2,061,355 1,465,690
Average earnings (worked full year, full time ($)) 39,855 46,089 30,428 47,299 53,937 37,962
Income in 2000 St. Thomas, City Ontario
Total Total
Persons 15 years of age and over with income 24,725 8,598,560
Median total income of persons 15 years of age and over ($) 22,454 24,816
Composition of total income (100%) 100.0 100.0
Earnings – % of income 73.6 78.7
Government transfers – % of income 13.4 9.8
Other money – % of income 13.1 11.5
Selected Household Characteristics St. Thomas, City Ontario
Total Total
Total – All private households 13,320 4,219,410
Households containing a couple (married or common-law) with children 3,815 1,376,975
Households containing a couple (married or common-law) without children 3,810 1,179,330
One-person households 3,675 990,160
Other household types 2,015 672,950
Median household income, 2000 ($) – All households 45,515 53,626
Median household income, 2000 ($) – One-person households 21,354 25,253
Median household income, 2000 ($) – Two-or-more-persons households 56,132 64,201
Number of rented dwellings 4,680 1,346,990
Average gross monthly payments for rented dwellings ($) 605 753
Number of owner-occupied dwellings 8,630 2,816,220
Average monthly payments for owner-occupied dwellings ($) 805 964
Selected Occupied Private Dwelling Characteristics St. Thomas, City Ontario
Total Total
Total number of dwellings 13,320 4,219,415
Number of owned dwellings 8,640 2,862,300
Number of rented dwellings 4,680 1,351,365
Number of dwellings constructed before 1991 11,490 3,615,880
Number of dwellings constructed between 1991 and 2001 1,830 603,530
Average value of dwelling ($) 126,935 199,884

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