Liahona MIC Mortgage Lender Profile
Generally for Ontario owners and buyers, including in rural areas and on cottage or waterfront property, needing a short-term private mortgage.
Who they are
Liahona Mortgage Investment Corporation is an Ontario mortgage investment corporation based in Barrie. It is administered and managed by Liahona Capital Inc., and its activities operate under Financial Services Regulatory Authority of Ontario licence 12989. As a mortgage investment corporation it falls under Ontario Securities Commission oversight, is tax-exempt under the federal Income Tax Act, and distributes all of its net profits to its shareholders. It raises the money it lends from accredited, eligible and non-eligible investors. It is a member of the Canadian Mortgage Brokers Association and the Ontario Mortgage Investment Corporation Association.
What they lend on, and who for
Liahona lends only in Ontario, and states a particular focus on small towns and rural areas that larger lenders often avoid. It funds first and second residential mortgages, cottage and waterfront property, commercial and industrial property, hobby farms taken as a house on roughly ten acres, and first-position construction loans. Its standard product is a closed twelve-month interest-only mortgage, with open or closed terms from six to twenty-four months and interest-only or amortising options available. It is not itself licensed as an Ontario mortgage brokerage, so deals reach it through mortgage brokers.
How to approach Liahona MIC
You can contact Liahona MIC yourself; nothing stops you. What you cannot easily find out is what they will actually accept. What loan-to-value they will genuinely go to on your property, what exit they want to see, what the lender fee comes to, and how fast they can fund — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Private · MIC |
| Registered as | Liahona Mortgage Investment Corporation |
| Head office | 47 Harley Court, Unit 4, Barrie, ON L4N 8V4 |
| Parent or group | Liahona Capital Inc. |
| Website | liahonamic.ca |
| Phone | 705-725-8252 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Liahona MIC
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Liahona MIC?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Liahona MIC
Is Liahona MIC a real mortgage lender?
Yes. Liahona MIC is a private (mic) based in Ontario, part of Liahona Capital Inc.. Its own site is liahonamic.ca.
What kind of lender is Liahona MIC?
Private — categorised in our directory as MIC. Equity lenders — the property matters more than the borrower. Short terms, higher rates, lender fees, and speed. Right for a genuinely temporary problem, wrong as a destination.
Who owns Liahona MIC?
Liahona MIC is part of Liahona Capital Inc.. Ownership matters mainly because it tends to determine the funding source and, on a fixed mortgage, how the break penalty is calculated.
Should I go to Liahona MIC directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Liahona MIC regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Liahona MIC approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Liahona MIC lend?
Its head office is in Ontario. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Liahona MIC take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file