If you’re considering purchasing a new home in Canada, you deserve the security of knowing you’ve obtained a mortgage with clear terms, reasonable rates, and no hidden surprises.
At Insurdinary, we work hard to help our clients have complete control over their mortgage shopping experience. Using our platform, clients search and compare mortgage lenders suited to their needs.
In this blog, we cover everything you need to know about RMG Mortgages, one of the companies you’re likely to see on your search-and-compare journey. For more information about mortgage brokers, rates, and terms in your province, keep browsing our blog or get started with our online quote form today.
Disclaimer:
All, or some of the products featured on this page are from our affiliated partners who may compensate us for actions and or sales completed as a result of the user navigating the links or images within the content. How we present the information may be influenced by that, but it in no way impacts the quality and accuracy of the research we have conducted at the time we published the article. Users may choose to visit the actual company website for more information.
About RMG Mortgages
As a division of MCAP Financial Corp, RMG Mortgages serves as part of a top independent financier of mortgages in Canada. The company focuses on providing residential mortgage options accessible through independent brokerage companies. This method offers borrowers an alternative to the steep mortgage rates and sketchy loan terms often connected to big banks or credit unions.
RMG Mortgages offers:
- Competitive rates
- Rate differential information
- Flexibility for customers from all walks of life
- Feature trading
Residential mortgages in Canada don’t have to be a hassle. With RMG Mortgages, borrowers receive access to experienced mortgage professionals and, by extension, a line of flexible mortgage products that suit any Canadian’s needs.
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Take me ThereRMG Mortgage Products
Obtaining a mortgage and buying a home are not always straightforward experiences. For many, unplanned challenges and restrictions make themselves known during the application process, hampering dreams of homeownership and rent independence.
RMG Mortgages seeks to remedy this problem. By providing a comprehensive line of adaptable mortgage products, RMG Mortgages help more Canadians find a sustainable, responsible road to buying a home.
Residential Mortgages
In the category of residential mortgages, RMG Mortgages provides flexible one- and five-year residential mortgages featuring either fixed or variable rates.
Popular mortgages through this service offer borrowers the opportunity to exchange some features of their policy for a lower rate. Qualifying clients tend to be first-time home buyers who want fixed-rate mortgages on a five-year term.
In addition, RMG Mortgages offers Lump Sum Payment options for clients, meaning that clients may make additional payments against the principal loan amount while making regularly-scheduled payments.
Residential mortgage products from RMG Mortgages adapt to the client’s needs. This means that RMG Mortgages can provide home financing options for more Canadians with unique income circumstances.
Bridge Financing Program
For Canadians seeking to sell their current residence and purchase another, RMG Mortgages offers specialised bridge financing.
RMG Mortgages’ Bridge Financing Program provides interim capital for the down payment requirements on a new mortgage, which otherwise may not be available due to the closing needs of the initial property.
Cash Back Program
Purchasing a home requires buyers to fund various associated costs, including broker’s fees, closing costs, and more. Buying a home can quickly exhaust a buyer’s finances, leaving little to cover expenses during the initial home ownership period.
RMG Mortgages’ Cash Back Program offers borrowers up to 3% cash back from the total mortgage amount. Borrowers can use this amount for renovations, moving, utilities, and whatever they need.
Secure Start
Secure Start mortgage products add a form of life insurance to the mortgage policy. In the event of unexpected loss of life, Secure Start mortgages cover up to $750,000 in life insurance and up to $4,000 in monthly mortgage payments as disability insurance.
Secure Start mortgages provide homeowners with options to leave their loved ones with a sense of security should the worst occur.
MCAP Safeguard Mortgage
Sometimes, the unexpected occurs. When life confronts them with sudden challenges and expenses, Canadian homeowners deserve a sense of security.
With MCAP Safeguard Mortgage products, homeowners may access the equity they’ve built up in their property as cash without altering their current mortgage terms.
MCAP Safeguard Mortgages count as second mortgages. For this reason, borrowing against your home's equity does not dissolve or increase your existing mortgage, helping you avoid the cost of refinancing and paying early payout fees.
Browse, Compare, and Save With Insurdinary
Ready to find out what mortgages make sense for you? Use our Insurdinary database to search for, list, and compare mortgages from our partners across Canada. Get started by filling out our online quote form today!
