RMG Mortgages
Is Part of RateShop Mortgage's Trusted Canadian Lender Network
RateShop Mortgages & RMG: Your Trusted Mortgage Lender in Canada
RateShop Mortgages & RMG: Your Trusted Mortgage Lender in Canada
History as a Mortgage Lender in Canada
RMG Mortgages is a respected Canadian mortgage lender known for its expertise in providing tailored mortgage solutions for residential and commercial clients. With a track record of reliability and customer service, RMG has built a strong reputation in the industry. As a subsidiary of Home Trust Company, one of Canada’s leading financial institutions, RMG leverages its parent company's robust resources and extensive experience to deliver innovative mortgage products.
Types of Mortgage Products & Programs
RMG Mortgages offers a wide range of products designed to cater to various borrower profiles:
Residential Mortgages: Fixed-rate and variable-rate options with competitive terms.
Commercial Mortgages: Financing solutions for income-generating properties and small businesses.
First-Time Homebuyer Programs: Specialized products with features like low down payments and flexible terms.
Self-Employed and Stated-Income Programs: Tailored options for entrepreneurs and contract workers.
Investment Property Mortgages: Financing solutions for those looking to expand their property portfolio.
Residential Mortgages: Fixed-rate and variable-rate options with competitive terms.
Commercial Mortgages: Financing solutions for income-generating properties and small businesses.
First-Time Homebuyer Programs: Specialized products with features like low down payments and flexible terms.
Self-Employed and Stated-Income Programs: Tailored options for entrepreneurs and contract workers.
Investment Property Mortgages: Financing solutions for those looking to expand their property portfolio.
Minimum Credit & Income Requirements
RMG considers various borrower profiles, making mortgages accessible to diverse financial situations:
First-Time Homebuyers: Flexible criteria with support for low-to-moderate income earners.
Salaried and Contract Employees: Stable income documentation required.
Self-Employed: Alternative verification methods, including stated income programs.
Credit Score: Typically, a score of 600+ is preferred, though flexible programs exist for unique circumstances.
RMG considers various borrower profiles, making mortgages accessible to diverse financial situations:
First-Time Homebuyers: Flexible criteria with support for low-to-moderate income earners.
Salaried and Contract Employees: Stable income documentation required.
Self-Employed: Alternative verification methods, including stated income programs.
Credit Score: Typically, a score of 600+ is preferred, though flexible programs exist for unique circumstances.
Mortgage Underwriting Criteria for Approval
RMG Mortgages evaluates applications using the following underwriting criteria:
Debt-to-Income Ratio (DTI): Assesses affordability to ensure sustainable repayments.
Credit History: A thorough review of credit reports and scores.
Income Verification: Pay stubs, tax returns, or alternative proof for
self-employed applicants.
Property Value: Appraisal to determine the property's fair market value.
Locations Serviced and Branch Presence in Canada
RMG Mortgages operates as a national lender, offering services across Canada. While they do not have traditional brick-and-mortar branches, their services are available online and through a network of brokers like RateShop Mortgages, ensuring accessibility to customers nationwide.
We'll find great rates like this one from one or our several lending partners across Canada.
Call Now for a Free Rate Quote
5 Year - Fixed Term from
4.29%
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Everyone's rate is unique.What's yours?
It is our job to get your lowest possible rate. Your rate qualification depends on certain factors, such as credit score and home equity as per regulations.
*Advertised rates may not be offered by this lender. Mortgage lender offers are aggregated by RateShop & its Brokerage Network subject to change without notice. Speak with our mortgage broker about APR and qualification requirements.
RMG Mortgages evaluates applications using the following underwriting criteria:
Debt-to-Income Ratio (DTI): Assesses affordability to ensure sustainable repayments.
Credit History: A thorough review of credit reports and scores.
Income Verification: Pay stubs, tax returns, or alternative proof for
self-employed applicants.
Property Value: Appraisal to determine the property's fair market value.
Mortgage Application Checklist
To streamline the application process, RMG suggests preparing the following documents:
Government-issued photo ID
Proof of income (pay stubs, tax returns, or employment letter)
Credit history report
Details of existing debts and liabilities
Recent bank statements
Purchase agreement (for new homebuyers)
How to Start a Mortgage Pre-Approval
To streamline the application process, RMG suggests preparing the following documents:
Government-issued photo ID
Proof of income (pay stubs, tax returns, or employment letter)
Credit history report
Details of existing debts and liabilities
Recent bank statements
Purchase agreement (for new homebuyers)
Contact a trusted mortgage broker, like RateShop Mortgages.
Submit required documents for income, credit, and property verification.
Receive your pre-approval letter, valid for 90-120 days, outlining the maximum loan amount and interest rate.
Contact a trusted mortgage broker, like RateShop Mortgages.
Submit required documents for income, credit, and property verification.
Receive your pre-approval letter, valid for 90-120 days, outlining the maximum loan amount and interest rate.
How to Get Mortgage Rates
RMG Mortgages provides competitive rates tailored to your financial profile. Rates can be accessed through:
Partner brokers, like RateShop Mortgages.
Online rate calculators and comparison tools.
Periodic promotional offers for new and existing customers.
RMG Mortgages provides competitive rates tailored to your financial profile. Rates can be accessed through:
Partner brokers, like RateShop Mortgages.
Online rate calculators and comparison tools.
Periodic promotional offers for new and existing customers.
Mortgage Pre-Payment Options
RMG Mortgages offers flexible pre-payment features, enabling borrowers to save on interest and pay off their loans faster:
Lump-Sum Payments: Up to 20% of the original principal annually.
Increased Payment Options: Raise monthly payments by up to 20%.
Double-Up Payments: Make additional payments on scheduled dates.
RMG Mortgages offers flexible pre-payment features, enabling borrowers to save on interest and pay off their loans faster:
Lump-Sum Payments: Up to 20% of the original principal annually.
Increased Payment Options: Raise monthly payments by up to 20%.
Double-Up Payments: Make additional payments on scheduled dates.
By combining competitive rates, a wide range of products, and flexible terms, RMG Mortgages is a reliable partner for Canadians seeking mortgage solutions. Partnering with brokers like RateShop Mortgages ensures customers have access to the best rates and professional guidance to make informed decisions.
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Contact Information
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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