Lighthouse Lending
(905) 234-3323
For Ontarians the bank turned down · FSRA Licensed

If the bank said no,
this page was built for you.

Use your home equity to wipe out high-interest debt. Up to $1,200/month back in your pocket.

  • Approved on your home equity, not your credit score
  • Bad credit, consumer proposal, self-employed: all OK
See My Number In 60 Seconds (905) 234-3323
🔒 Bank-grade encryption · FSRA Lic. 13301 · BBB Accredited
★ "3 banks said no. Lighthouse approved me in a day." Trevor, Hamilton | ★ "Saved us $1,140/month. Real money." Linda, Mississauga | ★ "From CRA arrears to clear in one phone call." Marcus, Brampton | ★ "I felt zero judgement. Just numbers." Sarah, Barrie | ★ "3 banks said no. Lighthouse approved me in a day." Trevor, Hamilton | ★ "Saved us $1,140/month. Real money." Linda, Mississauga
4.9★
192+ Google reviews
$1.2K
Avg client saves /month*

Read this part carefully.

You played by the rules. Then the rules changed.

Bought the house. Paid down the mortgage. Built up equity. Then renewals jumped 1.5%. Property tax went up. Credit cards crept to 22.99%. The bank quoted you a payment you can't actually carry. They say you're high risk. The truth: you're an Ontario homeowner the system stopped serving.

The squeeze, by the numbers

  • • 4 in 10 Canadian homeowners with mortgages now borrow just to cover daily expenses.
  • • Toronto mortgage delinquencies are at 13-year highs, up 60% in one year.
  • • The average client walks in with $20,398 in credit-card debt at 19.99-22.99% APR.
  • • Renewing a 2.49% mortgage at today's rate? That's an extra $1,000+/month on a $400K loan.

What actually happens at the bank

  • ✗ Computer says no, even after 12 years of payments.
  • ✗ "Income inconsistent" because you're self-employed.
  • ✗ Credit dinged from one missed payment two years ago.
  • ✗ Already in a consumer proposal? Door closed.
  • ✗ Retired with home equity but no T4? Door closed.

Banks underwrite paperwork. We underwrite your home equity.

The Math (Yours, Live)

Drag the slider. Watch your savings.

Honest illustration based on average Ontario rates. Your real number depends on equity, lender, and credit.

$50,000
$10K$200K
21%
9%29%
5 years
3 yrs15 yrs

*Assumes a 2nd mortgage at ~9.99% blended Ontario rate vs. your current consumer-debt rate. Closing costs and your actual lender rate disclosed in writing 2 business days before signing. Illustration only, not a binding offer.

Your Estimated Monthly Savings
$540
/month back in your pocket
Today (avg)
$1,353
With 2nd mortgage
$813
Over your full term you'd keep
$32,400
Lock In My Real Number →
Renewal Jump. Every Month Counts.

From "the bank said no" to cash in the account in 3 simple steps.

If your mortgage renewed this year, you're likely paying $1,000+ more a month. Every month you wait is real money. We make the rescue effortless — no paperwork piles, no income statements, no grilling.

1

Tell us about your home (60 sec)

A 3-step quiz. Home value, what you need, your contact. No credit hit. No income docs.

2

We shop 40+ lenders for you

Licensed broker matches you to the lowest rate you actually qualify for. Approval typically within 24 hours.

3

Funds hit your account

We coordinate the lawyer and appraisal. Funds typically wired in 7-10 business days.

Apples To Apples

Why a 2nd mortgage usually beats every alternative.

No spin. The same homeowner ($75K consumer debt, bruised credit, $700K home with $400K first mortgage) running each option.

Feature Stay on credit cards Bank refinance Consumer proposal Lighthouse 2nd mortgage
Approval available if banks declined ✕ ✕ ✓ ✓
Lowers your monthly payment ✕ ✕ ✓ ✓
Protects (and rebuilds) your credit ✕ ✕ ✕ ✓
Funded within 7–10 days ✕ ✕ ✕ ✓
Qualifies on home equity, not income ✕ ✕ ✕ ✓
No public legal record ✓ ✓ ✕ ✓

*Illustrative. Real terms vary by file. All disclosures provided in writing 2 business days before signing per FSRA rules.

What you actually get

Why 1,000+ Ontario homeowners chose Lighthouse over the bank.

Wipe out 19-29% credit-card interest

Roll cards, car loans, lines of credit, CRA arrears into one payment. Most clients save $300-$1,200/month.

Approved on equity, not credit

Bad credit, missed payments, consumer proposal: none of it disqualifies you here. Your home equity is the qualifier.

Fast when speed matters most

Power-of-sale notice? CRA arrears? Approval typically within 24 hours, funds usually within 7-10 business days.

No income proof? No problem.

Self-employed, retired, commission-based, contractor. We work with stated-income lenders the banks pretend don't exist.

FSRA-licensed. BBB accredited.

A regulated Ontario brokerage. Federal law caps interest at 35% APR. Your protections are real.

2nd mortgage or HELOC, your call

Fixed-payment 2nd mortgage vs. revolving HELOC, side-by-side. We recommend the one that costs less.

Google 5 stars 4.9/5 · 192+ reviews

Real Ontario homeowners. Real outcomes.

T
Trevor M.
Hamilton · 3 reviews
Google
★★★★★2 weeks ago

Three banks turned me down because I'm self-employed. Lighthouse had me approved in a day. Wiped out $54K of credit-card debt. I sleep again.

L
Linda K.
Mississauga · 5 reviews
Google
★★★★★a month ago

We were one missed payment from a power of sale. Lighthouse moved fast and funded in 9 days. We saved $1,140/month.

M
Marcus D.
Brampton · 1 review
Google
★★★★★3 weeks ago

Bad credit and CRA arrears. Every other broker ghosted me. Lighthouse just kept working. Funded. Cleared. Honest people.

J
Jennifer R.
Oshawa · 2 reviews
Google
★★★★★a month ago

Retired, fixed pension, big property tax hike. The bank wouldn't even take the application. Lighthouse approved me on equity. Felt human.

S
Sarah B.
Barrie · 4 reviews
Google
★★★★★6 days ago

Was embarrassed to even pick up the phone. Two minutes in, I felt zero judgement. They ran the numbers, showed me the math, didn't push.

D
David S.
Vaughan · 7 reviews
Google
★★★★★2 months ago

Was quoted 5.89% by the bank on renewal. Couldn't afford it. Lighthouse split the loan. Same monthly payment, fixed. Saved the house.

Outcomes vary. Names abbreviated for privacy. Quotes paraphrased from Google reviews and case files. Your own quote, rate, and savings depend on your situation.

Our 3-Part Promise

Three guarantees, in writing, before you ever sign anything.

No-Surprise Pricing Promise

Every fee (broker, lender, legal, appraisal) listed in writing at least 2 business days before you sign. If a number changes, you walk free.

Soft-Pull Privacy Promise

Getting your quote is a soft credit check. It will not impact your credit score. We never sell, share, or rent your info.

No-Pressure Walk-Away

Don't like the offer? Walk. Zero obligation, zero cost. We'd rather lose the file than push you into the wrong product.

Who this is for

If three or more sound like you, call us today.

  • You own a home in Ontario with at least 15-20% equity.
  • Your bank rejected you, or quoted a renewal you can't afford.
  • High-interest debt is eating your monthly paycheque.
  • You're self-employed, retired, or have inconsistent income.
  • You've had a bruised credit event: missed payment, collection, consumer proposal.
  • You need cash this month, not in six weeks.

Why moving now matters

The Bank of Canada signals rates may rise again in 2026. Mortgage delinquencies in Toronto are at 13-year highs. Lenders are tightening, not loosening.

Today, you have leverage: equity built up, lenders still lending, rates still negotiable. In six months, all three may be smaller.

Lock In Today's Number → (905) 234-3323
Common Questions

Honest answers, no fine print.

Will applying hurt my credit score?
No. The initial quote is a soft credit check, which has zero impact on your score. We only run a hard pull once you've reviewed the offer and you ask us to move forward. Even then, the temporary dip is small and recoverable.
Can I get a 2nd mortgage with bad credit or a consumer proposal?
Yes. This is most of what we do. Banks underwrite paperwork; private and alternative lenders underwrite home equity. Bruised credit, collections, active consumer proposals, even discharged bankruptcies: none of it is automatically disqualifying if you have sufficient equity.
How much can I borrow?
Most lenders allow up to 80% of your home's appraised value (combined with your first mortgage). Some private lenders go higher. Example: a $700,000 home with a $400,000 first mortgage may unlock up to ~$160,000 of equity as a second mortgage.
What does it actually cost? (Be honest.)
Two parts. Interest rate: typically 7.99-12.99% depending on equity, credit, and lender. Higher than a bank, way lower than 19.99-22.99% credit cards. Closing costs: appraisal ($300-$700), legal ($1,000-$1,600), lender/admin fees (1-3% of loan). All disclosed in writing 2 business days before you sign. No surprises.
Will I lose my house?
Not unless you stop paying. Same as your first mortgage. A 2nd mortgage is secured by your home, but lenders avoid foreclosure (it costs them more than they recover). Our entire job is to structure a payment you can actually afford, so default never becomes the conversation.
2nd mortgage vs. HELOC: what's the difference?
A 2nd mortgage is a lump sum with fixed payments. Best for one-time consolidation. A HELOC is a revolving line you draw as needed. Best for ongoing flexibility. We compare both side-by-side and recommend the one that costs less.
How fast can this actually close?
Approval typically within 24 hours. Funding usually 7-10 business days from approval, depending on appraisal and legal coordination. We've closed urgent power-of-sale files in under 7. We will not lie to you about timing. We tell you the realistic window the moment we look at your file.
One last thing.

Worst case: you find out exactly what's possible.
Best case: you save $1,200/month.

A 60-second quiz. A soft credit check. A real Ontario broker on the phone. No obligation, no pressure, no sales tricks. The cost of not looking is bigger than the cost of looking.

Show Me My Quote (Free) → Or call (905) 234-3323
FSRA Lic. #13301· BBB Accredited· 4.9★ from 192+ Google reviews
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