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Matrix Mortgage Global Review

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About lender

Matrix Mortgage Global is a Canadian residential and commercial mortgage solutions provider. Its team comprises over 100 mortgage agents and brokers helping Canadians secure the best mortgage solutions possible. Founded in 2008, Matrix Mortgage Global has helped thousands of Canadians find the best financing solutions for their needs. As a result, the company has made it into the ranking of the TOP 75 BROKERAGE in Canada.

Matrix Mortgage Global partners with dozens of financial institutions. Such a partner network enables the company to provide Canadians with access to various mortgage solutions. Matrix Mortgage Global can help with mortgage renewals, refinancing, second mortgages, home equity loans, bridge loans, and other specialized financial products.

Features

Matrix Mortgage Global has three offices in the Greater Toronto Area. They work with clients from the following provinces:

  • Ontario

  • Alberta

  • British Columbia

  • Nova Scotia

The company offers a wide range of solutions, including:

  • Second Mortgages

  • Home Equity Loans

  • Refinance Mortgages

  • Debt Consolidation Mortgages

  • Bad Credit Mortgages

  • Self Employed Mortgages

  • Personal Loans

  • Home Improvement Mortgages

  • First Time Home Buyer Mortgages

  • New To Canada Mortgages

  • Spousal Buyout Mortgages

  • Bridge Loans

  • Mortgage Renewals

  • Consumer Proposal Payout

  • Stop Power Of Sale

  • Commercial Mortgages

  • Business Loans

Matrix Mortgage Global serves clients with different backgrounds — self-employed, business owners, home or condo owners, and many more. Through years of operation, the company has built a reputation for working with credit-challenged clients to consolidate debt and rebuild their credit scores.

Being dedicated to providing fast turnovers on mortgage approvals and closings, Matrix Mortgage Global strives to make the mortgage application process quick and straightforward. According to the website, you can expect instant mortgage approvals in 10 minutes with Matrix Mortgage Global.

Besides, Matrix Mortgage Global claims to provide financing solutions that will beat the banks’ rates.

Unlike most mortgage brokers, Matrix Mortgage Global accepts cryptocurrencies for payments. The accepted currencies are Bitcoin, Bitcoin Cash, XRP, ETH, and several dollar-pegged stablecoins.

Pros and cons

Here are the pros of working with Matrix Mortgage Global:

  • Access to a wide range of mortgage and investment solutions

  • Getting financing at rates lower than the banks’ rates

  • Easy application and loan approval within 10 minutes

  • Approval regardless of debt, income, or credit history

  • An opportunity to use cryptocurrencies for payments

Cost-effective financing solutions, simple application, fast turnaround, and using cryptocurrencies for payment are significant advantages of Matrix Mortgage Global.

As for disadvantages, we can highlight:

  • a lack of information on loan conditions for some of the financial products on the website.

Loan conditions

Different financing solutions from Matrix Mortgage Global come with different conditions.

First mortgage rates specified on the website are as low as 2.50%, and second mortgage rates are as low as 6.99%. Unfortunately, they don’t specify the amount you can borrow and loan terms.

As for commercial mortgages, the company offers loans up to $15 million, up to 85% LTV. The terms of loan range from 1 to 5 years on properties in Canada and the United States.

With an unsecured personal loan from Matrix Mortgage Global, you can count on up to $100,000 in financing. As the company works with various lenders, the interest rate will differ depending on the chosen provider and your financial situation.

With home equity loans, Matrix Mortgage Global enables you to access up to 80% of the equity in your home for what you need to accomplish.

Bridge loans Matrix Mortgage Global provide an opportunity to move into your new dream home up to 365 days before you sell your old home. There is no income or credit check when applying for a bridge loan.

For all the financing options, Matrix Mortgage Global promises instant approval.

Methods of loan funding

Matrix Mortgage Global doesn’t specify loan funding methods on the website.

Matrix Mortgage Global

FAQ

What is Matrix Mortgage Global?

Matrix Mortgage Global is a Canadian mortgage brokerage with over 100 experienced agents and brokers within its team. The company provides residential and commercial mortgages, home equity loans, personal and business loans, and other specialized financing solutions.

Who owns Matrix Mortgage Global?

The Principal Owner of Matrix Mortgage Global is Shawn Allen. 

How do you qualify for Matrix Mortgage Global?

Matrix Mortgage Global doesn’t specify eligibility requirements for all of their financial products on their website. 

According to the website, to qualify for a personal loan, you only need to answer some basic questions about your financial situation.

For unsecured business loans, the following business industries are eligible: automotive business, retail business, restaurants, construction/trades business, trucking, cleaning businesses, B2B businesses, large ticket furniture stores, hotels and motels, gowns, pool retail, butchers, meat retailers, moving companies, and manufacturers.

To qualify for a bridge loan, you need a firm purchase and sale agreement for the house you are selling, a firm purchase and sale agreement for the home you are buying, a statement of adjustments from your lawyer, and a moving truck.

How much can you borrow from Matrix Mortgage Global?

The amount allowed to borrow varies for different financing solutions. Unfortunately, Matrix Mortgage Global hasn’t provided information on the website's allowable loan amount for all financial products.

Based on the information available on the site:

  • Matrix Mortgage Global offers unsecured personal loans of up to $100,000

  • With commercial mortgage financing, you can get a loan of up to $15 million

  • Unsecured business loans enable clients to get up to 15% of annual gross sales 

Is Matrix Mortgage Global a legitimate company?

Founded in 2008, Matrix Mortgage Global Has been around for 14 years already. The company has three offices in the Greater Toronto Area. Matrix Mortgage Global is an active member of Mortgage Professionals Canada.

We are experts at helping secure funds for difficult to place mortgage for home and business owners.

© Matrix Mortgage Global
Financial products
Matrix Mortgage Global
Bisiness mortgage
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $15,000,000
Rate
i

Effective interest rate on the product

up to 6.99%
Term
i

Loan term for the financial product

up to 25 years
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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$500-$50,000
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Effective interest rate on the product

up to 39.99%
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Loan term for the financial product

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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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$1,000-$500,000
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Effective interest rate on the product

up to 24.93%
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Loan term for the financial product

up to 60 months
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$300,000
Rate
i

Effective interest rate on the product

set individually
Term
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Loan term for the financial product

up to 24 months
Farm Credit Canada
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $1,500
Rate
i

Effective interest rate on the product

from 18.99%
Term
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Loan term for the financial product

up to 12 months
Calculate loan payments in Matrix Mortgage Global

Matrix Mortgage Global calculator will allow you to calculate an approximate payment schedule for the loan

Matrix Mortgage Global calculator
Interest rates are given in accordance with the rates of the Matrix Mortgage Global of 22.06.2024
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