How to apply for a loan?
Firstly, customers need to connect with a broker nearby. That can be done on the company’s website. Once they have found a broker, they can contact them and pre-apply and apply for a mortgage through the chosen entity.
Requirements
As RMG Mortgages cooperates with many independent mortgage brokers, they provide their financial products only through this network. As a result, eligibility requirements depend on them, and they can ask for different data. However, there are some requirements that all brokers have. For example, customers must be over the age of majority for their province, be Canadian citizens, and have a credit score of at least 600.
Application details
As the company provides residential mortgages only through their brokerage partners, all application details depend on them. Nevertheless, brokers will ask them to provide their personal information such as name, email, telephone number, location, the purpose of mortgages like renewal, renovation, etc.; source, range, and type of income, and similar information about their co-applicant if required.