Usually $15,000 to $50,000 for second mortgages but can be much larger as well. Residential first mortgages are usually in excess of $150,000 in the Greater Toronto Area and can often reach $300,000 to $400,000 for larger single family luxury homes. Larger loans may be funded by a single investor or syndicated. In a syndication you can participate in a larger mortgage by investing say $50,000 or less as part of a lending group. The borrower would be required to provide you and each participant with separate cheques representing payment due each month on their pro rata interest in the mortgage.

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