MCAP

MCAP is Canada’s largest independent Mortgage Finance Company. MCAP originates, trades, securitizes and services residential, construction and commercial assets on behalf of institutional investors.

MCAP is committed to providing tailored mortgage solutions with competitive rates and flexible options through their hybrid mortgage and Fusion HELOC product. They also have the bank statement program and rental program.

Special Features:

MCAP offers a variety of mortgage products designed to meet diverse financial needs. Their loan services include a Home Equity Line of Credit (HELOC) for flexible borrowing, as well as a bank statement program that makes it easier for self-employed individuals to qualify using their bank statements instead of traditional income documentation. They also have a rental program to assist investors looking to finance rental properties. Additionally, their graduate program helps clients transition from alternative financing back to lower-rate lenders. Understanding your options will help you make the best decision for your financial situation.

Downsides:

When considering this lender, it's important to keep in mind a couple of key downsides. First, they don't offer traditional banking services, which means you won't find products like checking or savings accounts. Additionally, they operate without physical branches, so all your interactions will be online or over the phone. While these factors might not be a dealbreaker for everyone, it's good to be aware of them as you make your mortgage decision.

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