Mortgage Guys
Mortgage Guys is a Canadian mortgage brokerage in Ontario, with offices listed in Guelph, Mississauga, Kitchener, Oakville and Hamilton. It arranges home purchase, renewal, refinance, private and construction mortgages through Canadian lenders. It serves Canadian borrowers, so it is not an option if you need a mortgage on a home in the United States.
What Mortgage Guys offers
- Purchase mortgages: loans for buyers, including first-time buyers, and pre-approvals before you shop.
- Renewals and refinancing: help when your mortgage term comes up for renewal, plus refinances and debt consolidation using home equity.
- Harder-to-place loans: mortgages for self-employed borrowers, equity-based mortgages and private mortgages.
- Construction loans: financing to build a home.
- Lenders it works with: the site names lenders such as Scotiabank, TD Canada Trust, First National, MCAP and Meridian. It does not publish rates or broker fees.
Who it may suit, and who should look elsewhere
Right for you if:
- You’re buying, renewing or refinancing a home in Ontario.
- You’re self-employed and want a broker to shop several Canadian lenders.
Not right for you if:
- Your property is in the US. You’ll need a lender licensed in your state.
- You want to compare posted rates online before you call.
Before you apply
The company’s site shows “Mortgage Brokers License #12645.” In Ontario, mortgage brokerages are licensed by the Financial Services Regulatory Authority of Ontario (FSRA), which offers a public licence search at fsrao.ca. Check the number there. If a private mortgage is suggested, ask for the rate, lender fees and any broker fee in writing before you sign.
The main phone number on the company’s site is 519-763-7198, and the offices share a toll-free line, 1-866-219-8069. The Guelph office is at 100 Gordon St. US readers can use the CFPB’s homebuyer guide, the mortgages guide and the guide on checking a lender’s license to find a US lender.
