Lender
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.

Apply For RMG Mortgages

Advertiser Disclosure

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. 

RMG Mortgages application

FAQ

How long does it take to get approved by RMG Mortgages?

The approval time mostly depends on the brokers that RMG works with. This is because the company only provides its mortgages through such entities. 

How trustworthy is RMG Mortgages?

RMG Mortgages is a division of MCAP Financial Corp, one of the largest Canadian independent mortgage financing companies. However, it only has 3.6 stars from 5 on Trustpilot.

Does RMG Mortgages verify income?

The company itself doesn’t verify customers’ income, but brokers that the company cooperates with usually do.

Does RMG Mortgages hurt your credit score?

If customers delay payments, their credit scores can decrease. Likewise, default payments can affect their credit rating. 

Financial products
RMG Mortgages
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
$10,000-$1,000,000
Rate
i

Effective interest rate on the product

up to 2.24%
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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300
650
1000
up to $10.000
Coast Capital Savings
Personal Loan
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
$500-$50,000
Rate
i

Effective interest rate on the product

7.5%
Term
i

Loan term for the financial product

60 months
Mogo
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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™
0
300
650
1000
$500-$15,000
Rate
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Effective interest rate on the product

up to 46.96%
Term
i

Loan term for the financial product

up to 60 months
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
1000.00 – 15000.00 C$
Term
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Loan term for the financial product

6 months – 60 months
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
7000.00 – 25000.00 C$
Rate
i

Effective interest rate on the product

24.99 – 29.99 %
Term
i

Loan term for the financial product

3 years – 5 years
Calculate loan payments in RMG Mortgages

RMG Mortgages calculator will allow you to calculate an approximate payment schedule for the loan

RMG Mortgages calculator
Interest rates are given in accordance with the rates of the RMG Mortgages of 15.06.2024
Loan amount
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Enter the desired loan amount

CAD
CAD
USD
50000 C$
1000000 C$
Loan term
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25
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