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A private mortgage Ontario is a loan created between private individuals for the purchase of real estate when a person lends his or her own capital to investors while securing a mortgage against the equity.  The lender, who might be a family member, friend, colleague, or investment company, will lend the cash to the borrower in the same way that a bank would, and can secure the loan with a mortgage note or similar contract. Essentially, private mortgages in Ontario are another to usual lending institutions, like great banks. Private mortgages are ideal for borrowers outside the traditional lending box who are rejected by banks or other financial firms. Requirements for personal Mortgages In Ontario  The concept of Private Mortgages in Ontario is comparatively simple and the same as regular mortgages. If for nothing else, private money loans can help borrowers and investors who are in need. While they seem to fulfill a similar function as traditional lending organizations, they vary in