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Frequently Asked Questions

What is a mortgage broker?
Your mortgage broker is an independent Real Estate financing professional who specializes in the origination of residential and commercial mortgages.

Why use a mortgage broker?
Brokers provide consumers with choice, convenience and expertise.

The consumer receives an expert mentor through the complex lending process.

Because each applicant's needs and qualifications differ greatly, a Mortgage Broker who is familiar with the different programs available and knows which questions to ask, can approach lenders that best meet your needs while the single lending institution will attempt to sell you only their limited products. Mortgage Brokers are service orientated and save you time and money while shopping for the best mortgage for you.

CMC offers the consumer extensive choices and access to flexible and affordable mortgage loans while balancing the consumer's financial interests and goals.

What if I have bad credit or have been turned down before?
No problem, deal with a professional broker who knows the lending criteria of Canada's mortgage lenders. We place mortgages for slow credit, no credit, former bankrupts, just in foreclosure. Let a professional package and place your application.

What about Home Equity Loans for fast cash?
Equity loans are an excellent source of cash to pay off high interest credit card debt, university costs, home improvements.

If you have built up equity in your home beyond your original down payment, you may be able to tap into it and obtain affordable and flexible financing.

Banks,Trust Companies and Credit Unions can lend up to 100 per cent of the appraised value of your home. If the current amount of your mortgage is less than that, you could use the extra equity to obtain a homeowner's line of credit. This is one of the least expensive sources of financing available. At Calgary Mortgage Corp. we have lenders offering equity lines of credit, we will tailor a plan to suit your needs.

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