your home. your life.

Whether you are a first time buyer, doing a switch of an existing mortgage to a better mortgage rate or seeking a debt consolidation our clients are spreading our name as their broker of choice for high quality service.

To start the application process you can either contact us by phone or via e-mail.

Call:  905.529.2521

USEFUL LINKS

Canada Mortgage and Housing Corp.

Mortgage Calculator

Genworth Financial

FSCO

Equifax

MLS

FREQUENTLY ASKED QUESTIONS

Q: What is mortgage loan insurance?

A: Mortgage loan insurance is for clients who have less than 20% down payment/equity. The insurance premium ensures the lender is reimbursed in the case of default. See our links to CMHC and Genworth Financial for a breakdown of the insurance premiums.

Q: What is a fixed rate mortgage?

A: A fixed rate mortgage means that the interest rate and payments remain constant for the term of the mortgage.

Q: What is a variable rate mortgage?

A: A variable rate mortgage is also known as a adjustable rate mortgage. The interest rate on this type of mortgage may fluctuate during the term of the mortgage reflecting changes in the prime rate.

Q: What is does Term mean?

A: Term is the length of time you agree to a particular interest rate.

Q: What does Amortization mean?

A: Amortization is the length of time it will take to payoff your mortgage in full.

Q: I have had credit problems in the past, can I get a mortgage?

A: Yes we can assist you in getting a mortgage. However, credit ratings can affect the amount of down payment required and/or the interest rate charged be the lender.

Q: Do you do pre-qualifying mortgages?

A: Yes and there is no cost or obligation to get pre-approved.

Q What is the difference between a co-signer and a guarantor?

A: A guarantor signs a document personally guaranteeing the mortgage but not on title to the property. A co-signor is registered on the title to the property and on the mortgage.

Q: What locations do you provides services to?

A: Ontario

Q: Do you finance rental properties?

A: Yes, please contact us for more details.

Q: Do you provide Commercial mortgages?

A: Yes, please contact us for more details.

Q: Do you provide mortgages on rental properties?

A: Yes, please contact us for more details.

Q: Do you provide agricultural mortgages?

A: Yes, please contact us for more details.

Q: Where is Mortgage Financial Corp. located?

A: Our Head Office is located at 12 Ray Street South, Hamilton Ontario L8P 3V2

Apply for a loan or a mortgage in Hamilton, Burlington, Ancaster, Ontario People look for financing for various reasons: home purchases, debt consolidations, commercial properties, loans and lines of credit. Our professional mortgage services are available to guide you through these difficult and possibly unfamiliar times to save money through proper debt management.
Mortgages, loans and financial services in Hamilton, Burlington, Ancaster, Mississauga, Oakville, Milton, Toronto, Stoney Creek, Grimsby, Brantford and Waterdown, Ontario