Mortgages Simplifiedin the GTA

The lender pays the broker on most residential mortgages, and any alternative/private-lending fees are disclosed upfront in writing.

Checked October 18, 2026. https://www.fsrao.ca/consumers/mortgage-brokering

Current employment details, monthly liabilities, total savings. The more we know about your current financial situation, the better we can guide you in finding the right product.

During our initial call we will be able to provide an approximate amount you could qualify for. If choosing to proceed with the approval process, depending on the lender , it can typically take anywhere from 1 to 5 business days. Depending on the circumstances, we are able to request priority rush reviews for a faster turnaround time.

There are several factors that determine mortgage eligibility such as income, credit, down payment and monthly liabilities. Although every application is unique , we have strong experience in the industry and our advisors are well trained to guide you through this process and make it as seamless as possible.

You may be eligible for options to move over your existing mortgage to another property. Our agents will guide you through that process.

Often, yes. Lenders look at why your score dropped and what's happened since, not just the number. Depending on your history, we may go to a major bank, an alternative lender that's more flexible about past problems, or a short private mortgage while you rebuild.

A bigger down payment or equity helps a lot. We'll set out a plan to move you back to better rates, usually within one or two terms. Every option is subject to approval, and we're upfront about costs.

Checked October 18, 2026. This answer describes how a file is read. It is not an approval.

We finance any properties within Canada. If you are looking to purchase property outside of Canada speak to a loan officer

Fixed rates remain constant throughout the whole mortgage term, the interest rate and monthly payment will remain the same. Variable rate mortgage interest rates can fluctuate and the monthly payment may also change as interest rates rise or fall.

Your bank can only offer its own products. As a licensed broker, we compare many lenders: big banks, credit unions, monoline lenders and alternative lenders. That means more choice on rate, rules, penalties and flexibility.

It matters most if you're self-employed, carry rental income, have a credit bump or want a lower-penalty mortgage. For most prime mortgages, the lender pays us, not you, and we tell you upfront if a file involves a fee. You can still compare us with your bank.

Checked October 18, 2026. https://www.fsrao.ca/consumers/mortgage-brokering

It depends on you more than on the headlines. A fixed rate keeps your payment the same for the term, which suits a tight budget. A variable rate moves with prime.

It can save money if rates drop, but your payment or amortization can change. Its penalty is usually just three months' interest, which helps if you might sell or refinance. Think about how long you'll keep the home, how much payment change you could handle, and your penalty risk.

We'll compare both before you choose.

Checked October 18, 2026. https://www.canada.ca/en/financial-consumer-agency/services/mortgages/reduce-prepayment-penalties.html https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html

Some lenders allow for pre payment options such as lump sum payment amounts to a certain amount or increased regular payments without causing any penalties. If flexible payment terms are important to you let our agents know and they will go through the best options for your scenario.

MKG Mortgages serves clients in English, Hindi, Punjabi and Bengali.