Lender History:
RMG Mortgages is a division of MCAP Financial Corporation (“MCAP”), the 6th biggest lender in Canada. MCAP is Canada’s largest independent Mortgage Finance Company, 6th after the big 5 Banks. MCAP originates, trades, securitizes and services residential, construction and commercial assets on behalf of institutional investors. MCAP has offices in Toronto, Waterloo, Calgary and Vancouver, among other smaller offices and services loans across Canada. Although different names have applied to MCAP, they have been in business for nearly 40 years.
MCAP has:
$150B in assets under management
Over 400,000 homeowners across Canada
Over 1,500 employees in offices across Canada
Over 30 Institutional Investors
Lender Niches
RMG Financial specializes in flexible mortgage solutions including bank statement income verification, competitive rates, non-subject rental programs, insured rental options for 2-4 unit properties, and second mortgage products.
Factors to Consider:
RMG does not have physical branches or traditional banking services; all interactions are handled online. Their online borrower portal is very user-friendly, making application and management convenient. However, they do not offer HELOC products.
Contact Information and Important links for RMG Mortgages:
Mailing Address:
RMG Mortgages Servicing Centre
P.O. Box 351, STN C
Kitchener, ON N2G 3Y9
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Contact Information:
Toll-Free (English): 866-809-5800Fax: 1 866-371-0132E-mail: mortgagesupport@rmgmortgages.caHours of Operation: 8 am - 8 pm EST
