Advanced Alternative Lending
Ottawa-based private lending firm, licensed in Ontario as a mortgage administrator, that manages the Advanced Mortgage Investment Corporation. Funds home purchases, refinances and construction financing for borrowers outside bank criteria, working with mortgage brokers and directly with borrowers. It lends Ontario.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Buyers of rental or investment property
- Refinances and equity take-outs
- Construction and new-build financing
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Refinancing
- Construction / new build
Rate types
- Fixed rates
Where it lends
Ontario
Good to know
- Private lending: expect lender and broker fees and higher rates than banks.
- Lends only in Ontario; FSRA-licensed mortgage administrator (licence 12171) based in Ottawa.
- Servicing of certain Pillar Financial Services mortgage accounts moved to Advanced Alternative Lending on May 1, 2025.
- Most product terms (max LTV, credit minimums) are not published; confirm details through your broker.
How to reach Advanced Alternative Lending
Available both directly and through a mortgage broker. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Advanced Alternative LendingEducational summary; rates, terms, and approval are set by the lender.
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Other mic & private lenders
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.