Mortgage Brokers in Toronto and Ontario
Trust In Our Team Of Experts, We Lend On Equity Not Credit

Second Mortgages

We specialize in providing second mortgages in Ontario for people with bad credit. Unlike the major Canadian banks, we approve on equity, not credit. Learn more

Stop Power of Sale

A power of sale is a commonly used legal process in Ontario, which allows the mortgage lender to sell your property and recover their money. We stop this process and keep you at home. Learn more

Private Lenders

We have a network of Ontario private mortgage lenders who lend on properties across Ontario. We get quotes from multiple lenders to ensure that you get the best deal. Learn more

About Mortgage Broker Store

At Mortgage Broker Store, we are both a mortgage brokerage and a direct private lender.

In some cases, we act as a middleman between borrowers and lenders, and in other cases, we personally lend on mortgages.

For more information, visit our About Us and Author Bio Pages Below:

Ronald Alphonso

Jonathan Alphonso

CALL 416-499-2122 EMAIL RON

Client Testimonials

Excellent Service. They do know all about Personal lending and handle it in a very professional way. totally recommended.
Dino Sanchez
Dino Sanchez
17:17 25 Aug 19
I can't say enough good things about the professionalism and expertise I have been given by Ron Alphonso from the Mortgage Broker Store. He is meticulous, has high skills interpreting investment risks and I am sure he will always put clients interest first.
Richard Berg
Richard Berg
15:32 23 Aug 19
Had a great experience in working with Ron and Jonathan from Mortgage Broker Store on one of the deals. Both are great professionals and pleasure to work with. Everything was smooth and organized. Looking to working with them again in the near future.
Alex Balikoev
Alex Balikoev
16:57 20 Feb 19
Thank you so much for taking time out of your busy day. Your generosity is greatly appreciated.
Patricia Schryer
Patricia Schryer
19:17 08 May 19
Ron and Jonathan Alphonso at Mortgage Broker Store are great! Knowledgeable, quick acting and decisive. If you are in mortgage default or have clients with serious mortgage issues give them a call. We run a general mortgage practice, but often defer to Ron or Jonathan on these matters. Always a pleasure to work with!
Sarah Biderman
Sarah Biderman
20:03 10 Jan 20
Fantastic company to deal with. They are always on the ball and willing to assist in anyway possible. Friendly and knowledgeable.
Jenna Swinwood
Jenna Swinwood
16:20 17 Mar 20
Ron and Johnathan provided fantastic service and were very fast to get everything complete.
Oren Rozen
Oren Rozen
16:52 10 Apr 20
Very detail-oriented and professional. They know the second mortgage business inside and out and can guide an borrower or investor through the process. Would highly recommend them if you need a second mortgage.
Brian Baumal
Brian Baumal
19:26 22 Jan 20
Ron was great to work with regarding the real estate transaction for one of my clients. thanks!
Marlene Boyle
Marlene Boyle
01:11 21 Mar 20
It was great working with The Mortgage broker Store and the entire team especially Ron, 5 star service from beginning to end in helping the homeowner achieve their financial goals and needs. Keep up the great work
Stefan R
Stefan R
18:42 10 Jul 20
Jonathan was really knowledgable of the whole lending process and helped me make a very educated decision regarding my future endeavours. Additionally, he knew a lot about the real estate industry and different trends to look for and different options to pursue.
Albert Bloom
Albert Bloom
16:16 16 Jul 20
Ron and John's services were excellent and provided the easiest way for me to understand my mortgage. Well informed and professional in what they do. Thanks again!
Simon G
Simon G
19:06 01 Jun 20
Thanks so much, Ron and Jonathan for your friendly and amazing service from Mortgage Broker Store. Your professionalism and advice are greatly appreciated. It was a pleasure working with you both!
Raz Dayvandi
Raz Dayvandi
13:10 01 Jun 20
An absolute pleasure to with. Ron and Jonathan are knowledgable and decisive in all aspects of their work. Would absolutely work with Mortgage Broker Store in future.
Nigel Steven
Nigel Steven
00:11 11 Jun 20
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Second Mortgages
Toronto & Ontario

As mortgage brokers, we can help you get the mortgage or loan that you need. We can provide low-interest rates first and second mortgages in Toronto & Ontario, private mortgages, home equity loans, stop foreclosures and power of sales in Ontario and across Canada.

At the Mortgage Broker Store, our team of dedicated agents will work to get you what you need and can save your home and finances.

Mortgage Broker Store has clients in the GTA and throughout Ontario. Wherever you are in Ontario, we can assist you.

CALL 416-499-2122

Need Mortgage Advice?

Speak with us directly and we’ll go over the best options for your income, credit score, and property.
For additional information, visit our FAQ page here: FAQ
Some topics below.

A mortgage is a debt that is secured by real estate. A property can have many mortgages, and they are numbered in the order in which they are placed on the property. A mortgage that is placed after a first mortgage and before a third mortgage (if applicable) is a Second Mortgage.

Second mortgages in Ontario are popular offerings from private and alternative lenders as many banks consider this type of investment to be too risky. Our mortgage advisors can help you determine what type of mortgage you require.

Visit our FAQ Post for more info on “What is a Second Mortgage?”


Any non-bank mortgage lender can either be refereed to as a Private Mortgage Lender or an Alternative Mortgage Lender. Private lenders are typically individuals while alternative lenders are organizations such as trust companies, mortgage syndicates, and mortgage investment corps (MICs). These lenders primarily service people who cannot qualify for bank mortgages. These lenders have a high tolerance for risk, but charge setup fees and higher interest rates than banks do. We have many Toronto private lenders and private lenders across Ontario to fund your mortgage.

Visit our FAQ Post for more info on “What are Private Lenders?”


When mortgage payments are not made, or other terms of the mortgage agreement are not met, the lender has the right to recover their investment via the Power of Sale or Foreclosure process. In Ontario the vast majority of mortgage lenders opt to use the power of sale process since it is faster and less costly. The key differences is that power of sale is a faster, cheaper process that allows the lender to sell the property to recover their money while foreclosure grants the lender ownership of the property. Any excess profits from the property’s sale must go to the former homeowner, however this typically isn’t much. Any fees incurred by the lender to process the power of sale or foreclosure are charged back to the mortgage. The final fee at the end of the process can be upwards of $30,000 which typically results in the former homeowner receiving nothing. If you are a homeowner under power of sale or foreclosure, it is strongly recommended to deal with the situation before the lender takes control of the property.

Visit Our FAQ Post for more info on “What is Power of Sale?”


Home Equity Loan is any type of loan where a person’s house is used as collateral. In order to get approved for this kind of loan, the homeowner must have a sizable amount of home equity. Home equity is the difference between the value of the property and the value of the existing debts on the property. Home equity loans can take several forms including first mortgages, second mortgages, and personal loans (which may be registered as either a lien or mortgage). Home equity loans are different from Home Equity Lines of Credit (HELOC) which are revolving lines of credit and can be used similar to a credit card. Private and alternative lenders are the most common sources of high risk home equity loans.

Visit Our FAQ Post for more info on “What is a Home Equity Loan?”


Scarborough, East York, North York, Etobicoke and the former City of Toronto were amalgamated to form the present City of Toronto.


Scarborough is on the eastern side of Toronto, it was made up of smaller towns which include Agincourt, Guildwood, West Hill, The Bluffs , Wexford and Woburn. Scarborough has a number of near by colleges which include Seneca College, Centennial College and the University of Toronto’s Scarborough campus. There are many different shopping locations which include Scarborough Town Centre , Parkway Mall, Bridlewood Mall, Eglinton Square and Malvern Town Centre.

Some of the main north south streets in Scarborough Victoria Park, Warden Avenue, Brichmount Road, Kennedy Road, Brimley Road, McCowan Road, Markham Road, Morningside Road and Port Union Road.  The main east west roads are Kingston Road, St. Clair, Eglinton Avenue, Lawerance Avenue, Ellesmere Road, Sheppard Avenue and Finch Road.

East York

East York has a distinct feel to it. The Beach or Beaches area is on the north side of Lake Ontario. This has always been one of the most desirable places to live in Toronto. It has fantastic older homes with a mix of new homes, condos and semi-detached homes. Queen Street East is the main area for restaurants and shopping. Danforth Avenue is home Greek town it has the best Greek restaurants in Toronto. Playter Estates is on the north side of Danforth Ave and has many older Victorian style homes. Riverdale is on the south side of Danforth Avenue has Victorian homes with detached and semi-detached homes. Leslieville is one of the hottest real estate markets in Toronto, it has a mix of detached and semi-detached homes.

The main north south roads are Woodbine Avenue, Coxwell Avenue, Greenwood Avenue, Pape Avenue, Broadview  Avenue. The main east west roads are Queen Street, Gerrard Street, Danforth Avenue and O’Conner Drive.

North York

North York is a great area to live in with many smaller communities which include, Bayview Village, Willowdale, Don Mills, York Mills, Don Valley, Downsview, Newtonbrook and Wilson Heights. North York is also has the Bridle Path area, this is where some of the largest and most expensive homes in Canada are located.

North York has Yorkdale Shopping Centre, The Shops at Don Mills, and many other smaller shopping locations such as Peanut Plaza and Bayview Village.

The Don Valley Parkway and Highway 401 are the major highways. The main north south streets are Don Mills Road, Leslie Street, Bayview Avenue, Yonge Street, Bathurst Avenue

Latest Posts

22 Jul

Home Renovation Loans – Upgrade the Value of Your Home

Just as in all second mortgage loan options, all lenders will be assessing the degree of equity in a homeowner's property. To calculate home renovation loans a lender will also ask to see a current appraisal to determine the current value of the property.

15 Jul

How Does an Appraisal Work on My Property?

It can not be stressed enough that you need to bring a recent appraisal of your property to any meeting with a lender. All Ontario-based lenders including the big banks, trust companies/credit unions, and any private lending option will be assessing this appraisal very carefully.

13 Jul

How to Access Equity Quickly in Your Home

When contemplating a second mortgage on your property there is reason to be optimistic. There are many advantages to exploring the option of accessing existing equity in your home for various short-term financial goals.


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