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Mortgage Architects's application

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How to apply

Find your mortgage broker using the website and apply, providing the required information.

What do you need to apply:

  1. Go to the corporate site. Click the «Apply now» button. Choose if you want to search for a broker, or if you already know one. Choose your province and search for a broker.

  2. Fill out personal, financial, employment and mortgage info. All the information is needed to find the right mortgage solution. Try to give as much specific data as you can.

    You will need to prepare: your name, date of birth, Social Insurance Number, email, phone number, address, employment history, the info about your assets, savings and liability obligations, their credit limits, balances, and payments (for example the credit card details).

  3. Review and accept your agreement.

You are pre-qualified for a mortgage.

Contact the broker you have chosen to ask any questions you may have or wait before he/she calls you back.

Application details

An application form could be filled out and submitted in a couple of minutes 24/7. It's secure and has a quick variant.

Your broker will help to ask the right questions, find a bank or another lender, and guide you through the whole mortgage process according to the conditions and terms you want: first-time home loan, mortgages for upgrading your own home in a dream home, buying your first home or vacation property, leveraging the equity for investment, debt consolidation or renovations, etc.

Apply for a mortgage at the official website through a secure mortgage application form.

  1. Go to the site and click the «Apply now» button on the main page.

  2. Click the «Find the broker» button.

  3. There are two steps to take.

    Step 1. Select your province from the list. You may choose: to search for a broker or name the broker you have already known.

    Step 2. Choose «search by postal code» or «search by area» and fill in the essential info. Or just type the name. And click the «Search» button.

  4. You will see the list of brokers with the details like name, photo, contact phone number, email, address, website, profile, the company he/she is working at, and spoken languages.

  5. Click the «Apply now» blue button to fill out the application form. Or click the AppStore/ Google Play button to apply directly to the preferred broker through the My Mortgage planner mobile application.

  6. There are two variants of applications: complete and quick. Let's see the first one.

The application form consists of 4 parts: primary applicant details, 2nd applicant details, assets & liabilities, and mortgage details. You should provide comprehensive information.

Step 1. Fill out: name, date of birth, marital status, Social Insurance Number, email address, phone number, address, postal code, and residential status (rent, own home, live with parents). employment history: employer name, address, and phone number, job title, and type (full/part-time, seasonal), time at the job, income amount, type (salary, hourly, self-employed, etc.), and period (annual, monthly, weekly, etc.).

Address and employment must be the same as the current one for at least 3 years. Add the previous place if it's necessary. Click «Next».

Step 2. If there is one more person on the title of the property to be mortgaged, he/she must complete the section. Click «Next».

Step 3. Fill in the types of your assets and write the descriptions for each. Click «Add asset» to make the whole list. You can choose savings, vehicles, stocks, life insurance, etc.

Fill in the forms of your monthly liability obligations and their credit limits, balances, and payments. The list of choices contains the following: personal loan, credit card, auto lease, etc. Click «Next».

Step 4. Fill in loan details: mortgage type (1st, 2nd, 3rd), application type (approval/pre-approval), loan purpose (purchase, purchase & improvement, refinance, equity take out), closing date, mortgage amount, down payment source (sale of existing property, personal cash, gift, etc.), down payment amount, the purchase price.

You may add more loan details like mortgage interest type and rate, payment frequency, amortization period 5 — 25 years, etc., and more proper details: address, occupancy, and tenure.

  1. Review and accept Terms and Conditions. Click the «Submit» button.

Your application has been sent to the chosen broker. He or she will contact you for further details to assist with your mortgage.

The quick application consists of name, date of birth, purchase price, mortgage amount, contact phone number, email, address, and postal code.

Provided info helps to find the best mortgage solution for your situation.

FAQ

How long does it take to get approved by Mortgage Architects?

The online application is approved within minutes. To continue your mortgage process, wait for the broker's advice.

How trustworthy is Mortgage Architects?

The company has been operating in Canada since 2008.

It is written that Mortgage Architects may collect, receive, retain, use and disclose personal information about you for verification; assessing creditworthiness; establishing credit limits; maintaining client relationships; presenting your mortgage application to various lenders and insurers, and providing information to you about other products and services.

Also, the company inquires about and receives your personal information from consumer reporting agencies, credit bureaus, real estate appraisers, your bank(s) or other financial institutions, your past mortgage brokers, your employers, and other third parties who may have information about your financial status.

Does Mortgage Architects verify income?

Yes, it does. The company requests data from credit bureaus, banks, different financial institutions and companies you could have a deal with, and your past and present employers to evaluate borrowers' creditworthiness.

Does Mortgage Architects hurt your credit score?

There is no specific information on whether Mortgage Architects conduct credit checks. Most probably, it does, as it needs to verify income. If you default on your payments, this information could be reported.

Calculate loan payments in Mortgage Architects

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

Loan amount
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Enter the desired loan amount

CAD
CAD
10000 $
100000000 $
Loan term
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Specify the loan term for the calculation

years
months
1
10

What to pay attention to when applying for a loan from Mortgage Architects

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Mortgage Architects from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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