Home Equity Loans for the GTA and Ontario with Prudent Mortgage Corp

Equity in your Home? Get a loan! Funds in your account as soon as 48 HOURS!

Prudent Mortgage Corp.  … The GTA’s best source for home equity loans.  Equity in your home? Get a loan. Parent company Prudent Financial has helped people in Ontario with lower credit score and bad credit loans since 1984.  Get one of the best rates in the GTA quickly, with  payback terms you can live with.


Important information about Covid-19

An important notice regarding Covid19

Prudent Financial is following closely the events surrounding COVID-19 and we have taken a number of precautions relating to both our customers and our employees.

Learn more about your financial options & government programs through this pandemic. Click here

Open by Appointment

At this time our offices are open with limited staff available to assist you. However we do not currently have walk-in. Appointments must be made prior to your arrival. Please call our main switchboard at (416)223-9300 or by chat on this website.

We have full protocol in place as advised by Health Canada.

  • Our offices are being sanitized regularly
  • We are practising Safe Social Distancing.

Experiencing Illness?

If you are having symptoms of cold or flu, we ask that you do not come to our offices. We are eager to assist you by phone, email or Chat (from our Prudentfinancial.net website.

Recent Travel?

If you have symptoms of Covid-19 or have travelled beyond the country recently, we would ask that you, again, contact us by phone, email or Chat.

We’re monitoring the situation.

Have questions about your Prudent Financial loan? We are a quick click or call away. Loan officers and staff are available to assist you with any questions you may have at 416.223.9300 Monday - Friday 9-5 and Saturday morning 9-1pm

Have questions about Covid-19? Click here We will continue to be here for you throughout this pandemic. The Family and Staff of Prudent Financial Services. Stronger together.

Why Prudent Mortgage Corp ?

  • Our parent company has been a part of the community since 1984
  • Our rates for bruised credit lending are among the lowest in Ontario
  • Our approvals  as quickly as 24 hours
  • Our loans positive payback history is reported to the credit bureau to assist in improving your credit rating
  • Professionals ready to help you with your financial concerns
  • Borrow up to $500,000 o.a.c.
  • Have equity in your home? Get a loan!


Apply now!

We welcome residents of Ontario to qualify for a loan.

Borrow with your Home in the GTA and Ontario

Prudent Mortgage Corp helps homeowners borrow money in the GTA and Ontario. Have a lower credit score or bad credit? We lend where banks won’t. Our home equity loans using a home equity mortgage provide relief for any number of purposes.

Because we specialize in assisting challenged credit situations, we lend even with past bankruptcies or proposals. Our loans are processed among the fastest in the industry, at rates and terms that are among the lowest for lower credit score loans. Get approved in as little as 24 hours and money in your account as quickly as 48 hours.

With a Prudent Mortgage home equity loan you can do those home renovations you’ve been putting off, take care of outstanding debts with a home consolidation loan, pay for a wedding, an education, a time sensitive investment, a vacation or whatever. It’s up to you.

Prudent Mortgage Corp. is a division of Prudent Financial, which has helped Canadians in Ontario since 1984. Our services and helpful advice have been talked about for years. People appreciate how easy it is to process a Prudent Mortgage Corp. home equity loan. And our professional advice goes a long way to making your financial health as good as it can be.

Make the equity in your property to work for you? Get in touch today. Call us at (416)634-2018 ext 260 for more information about our home equity loans / mortgage loans. Or apply online today.

Consolidation Loans
Home Renovations
Construction Loans
Business Loans
Bridge Financing
Auto Loans
Investment Loans
Emergency Loans
CRA Tax loans
Education Loans
New Canadian Loans
Personal Loans
I renovated my basement. It was done 10 or 11 days after I received the money from you. Turned out excellent and I have a renter now.

I wanted to tell you how you changed my life and made the impossible

Tennika S / Toronto

How to Apply

Call (416)634-2018 ext 260  Or Apply Online 

Applying for a Home Equity Loan with Prudent Mortgage Corp is easy. Obtain a second mortgage or home equity loan and use the value of your property to obtain the money you need. A wedding, tuition, debt consolidating, investing in your business dreams – put the equity in your home to work for you.

A dedicated mortgage lending professional is standing by ready to assist you. We’ll review your situation and put a loan package together that works for you for both short and long term financial situations. The right loan, the right rate and terms you can live with!

Fine Print

The Fineprint

Here is the fine print for your Prudent loan.

Min and Max period for a Prudent loan repayment

Answer: 1-5 years

What is the maximum annual percentage rate (APR), which includes the interest rate plus fees and other costs for a year?

Answer: 5.75% plus annual fee (ranges from 10% -19%) APR* – Start at 6.99% to 56.5% maximum (effective rate will vary).

A representative example of a Prudent loan – How is it broken down with all applicable fees

A typical 1000.00 loan, paid off over a 12 month period borrows an amount of 1020.00 which includes the $20 credit application fee. Total cost is 231.94. Payment is 104.33. This does not include optional life insurance

*Rates vary according to credit risks but at all times compliant with all applicable legislation and Prudent does not rely upon any exclusion intended for a pay day style loan company.

Liens and other searches 16.00 and up dependent on loan amount and amortization.

In some situations some security may be required.

Approval times are based on optimal situation – customer has all documents and extensive verification is not required.

Questions? We pioneered the Responsible Lender Pledge. Call us anytime and we’ll be happy to discuss your loan and what fees may be involved depending on your particular circumstances.


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