Marathon Mortgage
Is Part of RateShop Mortgage's Trusted Canadian Lender Network
Marathon Mortgage: Reliable Solutions for Canadian Borrowers
Marathon Mortgage: Reliable Solutions for Canadian Borrowers
Founded in 2011, Marathon Mortgage Corp. has established itself as a trusted alternative lender in the Canadian market. Specializing in broker-channel lending, Marathon prioritizes offering transparent, innovative, and competitive mortgage products. Its dedication to client service and financial integrity has helped the company grow as a significant player in Canada’s mortgage industry.
History as a Mortgage Lender in Canada
Founded in 2011, Marathon Mortgage Corp. has established itself as a trusted alternative lender in the Canadian market. Specializing in broker-channel lending, Marathon prioritizes offering transparent, innovative, and competitive mortgage products. Its dedication to client service and financial integrity has helped the company grow as a significant player in Canada’s mortgage industry.
Types of Mortgage Products & Programs
Marathon Mortgage offers a variety of residential products, including:
Residential Mortgages:
Fixed-Rate Mortgages: Stable interest rates for predictable monthly payments.
Variable-Rate Mortgages: Competitive rates that fluctuate with the prime rate.
Insured High-Ratio Mortgages: Designed for buyers with less than 20% down payment, meeting CMHC guidelines.
Conventional Mortgages: Flexible options for borrowers with at least a 20% down payment.
First-Time Buyer Programs: Tailored solutions to help new homeowners.
Specialty Programs:
Self-Employed Mortgages: For individuals with non-traditional income sources.
Stated Income Mortgages: Flexible programs for borrowers with unique financial situations.
Alternative Lending Solutions: Ideal for clients with credit challenges or unconventional financial profiles.
Rental Property Mortgages: Financing for investment properties, including multi-unit reside
Residential Mortgages:
Fixed-Rate Mortgages: Stable interest rates for predictable monthly payments.
Variable-Rate Mortgages: Competitive rates that fluctuate with the prime rate.
Insured High-Ratio Mortgages: Designed for buyers with less than 20% down payment, meeting CMHC guidelines.
Conventional Mortgages: Flexible options for borrowers with at least a 20% down payment.
First-Time Buyer Programs: Tailored solutions to help new homeowners.
Minimum Credit & Income Requirements
Specialty Programs:
Self-Employed Mortgages: For individuals with non-traditional income sources.
Stated Income Mortgages: Flexible programs for borrowers with unique financial situations.
Alternative Lending Solutions: Ideal for clients with credit challenges or unconventional financial profiles.
Rental Property Mortgages: Financing for investment properties, including multi-unit residences.
Marathon Mortgage considers a broad spectrum of borrower profiles:
First-Time Home Buyers: Minimum 5% down payment for insured mortgages and a credit score of 620+.
Salaried Employees: Standard income verification and debt service ratios (GDS ≤ 39%, TDS ≤ 44%).
Self-Employed Borrowers: Alternative documentation, including business income statements and NOAs.
Contract Employees: Demonstrated consistent income over at least two years.
Stated Income Borrowers: Higher down payments (20%+) and strong credit history required.
Mortgage Underwriting Criteria for Approval
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Marathon Mortgage considers a broad spectrum of borrower profiles:
First-Time Home Buyers: Minimum 5% down payment for insured mortgages and a credit score of 620+.
Salaried Employees: Standard income verification and debt service ratios (GDS ≤ 39%, TDS ≤ 44%).
Self-Employed Borrowers: Alternative documentation, including business income statements and NOAs.
Contract Employees: Demonstrated consistent income over at least two years.
Stated Income Borrowers: Higher down payments (20%+) and strong credit history required.
Marathon Mortgage assesses applicants using the following criteria:
Debt Service Ratios: GDS ≤ 39% and TDS ≤ 44%.
Credit Score: Minimum of 620 for most programs, with flexibility for alternative borrowers.
Income Documentation: Traditional or alternative income verification methods accepted.
Down Payment: Minimum 5% for insured mortgages; 20% for conventional loans.
Property Evaluation: Ensures the property aligns with the mortgage terms and market value.
Marathon Mortgage assesses applicants using the following criteria:
Debt Service Ratios: GDS ≤ 39% and TDS ≤ 44%.
Credit Score: Minimum of 620 for most programs, with flexibility for alternative borrowers.
Income Documentation: Traditional or alternative income verification methods accepted.
Down Payment: Minimum 5% for insured mortgages; 20% for conventional loans.
Property Evaluation: Ensures the property aligns with the mortgage terms and market value.
Locations Serviced and Branch Presence in Canada
Marathon Mortgage operates as a national lender through its strong network of brokers, including RateShop Mortgages. While the company does not have physical branches, its digital-first approach allows it to service clients across Canada seamlessly.
Mortgage Application Checklist
To apply for a Marathon Mortgage, prepare the following:
Valid government-issued photo identification.
Proof of income (e.g., pay stubs, NOAs, or bank statements).
Recent credit report and history.
Proof of down payment and its source.
Details of the property, such as a purchase agreement.
To apply for a Marathon Mortgage, prepare the following:
Valid government-issued photo identification.
Proof of income (e.g., pay stubs, NOAs, or bank statements).
Recent credit report and history.
Proof of down payment and its source.
Details of the property, such as a purchase agreement.
How to Start a Mortgage Pre-Approval
Contact a RateShop Broker: Get expert assistance to navigate Marathon’s mortgage options.
Submit Financial Documents: Include income proof, credit history, and asset details.
Pre-Approval Assessment: Marathon evaluates your financial situation and issues a pre-approval valid for 90–120 days.
Begin Home Search: Use your pre-approved amount to explore properties within budget.
Contact a RateShop Broker: Get expert assistance to navigate Marathon’s mortgage options.
Submit Financial Documents: Include income proof, credit history, and asset details.
Pre-Approval Assessment: Marathon evaluates your financial situation and issues a pre-approval valid for 90–120 days.
Begin Home Search: Use your pre-approved amount to explore properties within budget.
How to Get Mortgage Rates
Compare Online Rates: Access live Marathon Mortgage rates on RateShop’s platform.
Broker Expertise: RateShop brokers negotiate competitive rates tailored to your financial profile.
Promotional Offers: Look for exclusive rate discounts and cashback promotions.
Compare Online Rates: Access live Marathon Mortgage rates on RateShop’s platform.
Broker Expertise: RateShop brokers negotiate competitive rates tailored to your financial profile.
Promotional Offers: Look for exclusive rate discounts and cashback promotions.
Mortgage Pre-Payment Options
Marathon Mortgage offers flexible pre-payment options to help clients reduce interest costs:
Annual Lump-Sum Payments: Pay up to 20% of the original principal annually without penalties.
Monthly Payment Increases: Increase regular payments by up to 20%.
Double-Up Payments: Make additional payments alongside regular ones to accelerate principal repayment.
Marathon Mortgage offers flexible pre-payment options to help clients reduce interest costs:
Annual Lump-Sum Payments: Pay up to 20% of the original principal annually without penalties.
Monthly Payment Increases: Increase regular payments by up to 20%.
Double-Up Payments: Make additional payments alongside regular ones to accelerate principal repayment.
By partnering with RateShop Mortgages, Marathon Mortgage provides:
Access to Competitive Rates: Secure market-leading rates for your mortgage.
Tailored Products: Flexible solutions to suit diverse borrower needs.
Expert Broker Support: Simplify your mortgage process with guidance from RateShop professionals.
Contact RateShop Mortgages today to learn more about how Marathon Mortgage can help you achieve your homeownership and real estate investment goals!
By partnering with RateShop Mortgages, Marathon Mortgage provides:
Access to Competitive Rates: Secure market-leading rates for your mortgage.
Tailored Products: Flexible solutions to suit diverse borrower needs.
Expert Broker Support: Simplify your mortgage process with guidance from RateShop professionals.
Contact RateShop Mortgages today to learn more about how Marathon Mortgage can help you achieve your homeownership and real estate investment goals!
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6 Indell Lane, Brampton ON L6T 3Y3, Canada
Local: 416-827-2626
Toll: 800-725-9946
RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador. Our Quebec Mortgage Transactions are serviced by Orbis Mortgage Group AMF# 181136.
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