Services

Mortgage Benefits and Features

• 120 Rate Hold – Mortgage Corp. offers a 120 day rate hold, and further guarantees our clients the lowest rate during the rate guarantee period, minus any rate discount that is applicable.
• Rate Discounts – Mortgage Corp. offers up to 2.00% rate discounts on published interest rates. The discount is dependant on the quality of the application.
• Match a Payment – An additional amount equal to the regular payment can be made on any payment date, as many times as the customer wishes.
• Miss a Payment – For each match a payment that has been made within the same mortgage term.
• Up to 20% Additional Lump Sum Prepayments – Additional amounts can be paid on any regular payment date as long as they do not exceed the 15% annually.
• Up to 20% Annual Increase in Payments.
• All Mortgages have Open and Closed Periods – Regardless of the insurer, it is our Lender’s policy that each term has an open and closed period i.e. 5 year closed is closed for the first 3 years and open (subject to 3 months interest penalty) for the last two years.
• Assumability Option – In the event of a sale, the purchaser can assume the existing mortgage.
• Increase and Blend or Blend and Extend Options.
• Early Renewal Option – Mortgage renewal permitted at anytime in advance of maturity date.
• Weekly, Bi-Weekly, Semi-Monthly or Monthly Payments available.
• Portability Option – With our portability feature, customers can take their existing mortgage with them, at the same interest rate when they move from one home to another. Or, they can combine their mortgage balance outstanding on the home they’re leaving with additional financing at an interest rate which blends their existing rate with that in effect at the time of their new advance.
• Optional Mortgage Life – Optional mortgage life insurance is available to eligible mortgage customers. This coverage will pay the balance of the mortgage, up to a maximum of $500,000.00, in the event of the death of an insured mortgagor. Important benefits include the “Preferred Customer Premium Rate” and “Prior Coverage Recognition”. Ask us for further details.
• Pre Approval Plan – A Pre Approval Plan which qualifies a borrower for a maximum mortgage amount and guarantees the interest rate from the date of the application up to 120 days on existing properties and 90 days on new construction. The final interest rate established for the mortgage is determined when the loan is advanced and will be the lesser of the rate set for the applicable guarantee period or the rate in effect on the date the loan is advanced.

REALTORS

Our account officers at Mortgage Corp. would be pleased to assist you in any and all of your mortgage needs, whether your buyer is an “A+” borrower or a “D” borrower, we have the programs you need to close the deal.
Mortgage Corp. can help realtors sell more houses, more quickly with less aggravation and less headaches! When you call Mortgage Corp. you will talk to a person, not a machine. You have questions?, we have answers!

We welcome your calls and questions, we are not too big to give you personal service.

We will gladly meet with you and your clients at any convenient time. Drop by, e-mail or fax borrower information to us, along with an MLS Listing and an Agreement of Purchase and Sale and we will do the rest!

Give us a chance, let us prove to you how smoothly and quickly we can get your purchases closed without the standard run-around that is sometimes associated with purchasing homes.