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 Your mortgage is valuable! Your business is valuable! It is time to start being treated that way. Whether you don’t like what you are being told at your bank or you just feel as though a second opinion on your debt could save you some money you have come to the right place.
We will negotiate with your existing lender and in some cases find you a new lender that will treat your mortgage with attention it deserves. By using Non-Balance sheet lenders we are able to align your interests with the interests of those who are investing in your mortgage. It is time to start realizing your value. Have a look at some of the information available to you on our site. We hope that you find it informative. If you would like to speak to someone send us a note or give us a call, there should be someone working, regardless of the time.
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 Expenses can spring up anywhere and everywhere, and when you least expect them. Unsecured debts can get out of control and before you know it you may be looking for a second mortgage. We realize that life is unpredictable. We also understand that your current mortgage lender may be steering you to borrowing more money through higher interest rate unsecured loans. It is time to have someone advise you on what is best for you!
At MorCan Direct we work with lenders from across Canada. Our lenders provide first mortgages, second mortgages, third mortgages and in some cases even short term unsecured debt. By working with you to understand your requirements and repayment plans we can steer you in the right direction. Whether you are looking to consolidate your debts or for a second opinion on what you are being offered elsewhere we are confident that our common sense approach to lending will provide you with peace of mind when making your decision.
If you are looking to repay some of your higher interest rate debts or take equity from your home contact one of our representatives for a detailed look at what is possible. By using our sophisticated debt consolidation calculators and our network of lenders we will be able to source the best solution for you.
Our access to low interest rate capital combined with our incredible product knowledge is just what you need. |
 High interest rates and penalties can really make you feel trapped!
Mortgages are meant to be broken; breaking them is what releases all the savings. We have been breaking mortgages for years and have no doubt that we can break your mortgage more cheaply and efficiently that any firm you are currently speaking too. Many people feel that speaking really nicely to their Bank will lower their mortgage penalty or reduce the interest rate on their existing mortgage. Although you may see a slight reduction in your interest rate these negotiations never benefit the consumer. Banks are designed to make money for themselves first and keep you happy second. Working with a good Mortgage Broker will show you the pitfalls to avoid when trying to break your mortgage. Knowing your Banks bottom line when negotiating is extremely valuable, and that is what we are here for.
The calculator below can calculate the penalty to break your current mortgage and the savings associated with paying that penalty and switching to a new mortgage.
The results can be a bit confusing so if you want to speak to someone just use the live chat feature on our site of give us a call. |
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 When you find yourself in a high interest rate fixed mortgage the task of lowering your interest rate can seem daunting. Banks will try to prevent you from paying out these juicy high interest rate mortgages. One significant barrier to exit your mortgage is INTEREST RATE DIFFERENTIAL or IRD.
IRD is a penalty that allows your disgruntled lender to charge you the interest they will loose on your mortgage when you pay it out for a lower rate elsewhere.
Working with a Mortgage Broker will provide you with access to some tricks to reduce these penalties and keep your mortgage lender in check when they are calculating penalties. On average we are able to save our clients 17% of their quoted penalty.
Banks do not have your best interest in mind when they calculate your mortgage rate or penalty to break that mortgage. Banks are profit centers that profit only by making a spread on the difference between the rate of interest that they pay you for your deposits and the rate of interest they charge you to borrow money. The more money you have on deposit with Bank, the more valuable you are as a client, and therefore the better the interest rate you are offered on your debts. With a Mortgage Broker every client has access to those great rates.
The calculator below can calculate the penalty to break your current mortgage and the savings associated with paying that penalty and switching to a new mortgage. CALCULATOR COMING SOON!
The results can be a bit confusing so if you want to speak to someone just use the live chat feature on our site of give us a call. |
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 Buying a home is a big step. In this fast paced world you don’t have time to sit down with everybody and their mother to discuss the best mortgage for you. You also don’t want to waste your money trying to find the right fit. At MorCan Direct we know that spending a few minutes with us and hearing our sound, unbiased advice equals big savings for you.
The expert staff at MorCan Direct will ensure that you get the best rate, one even lower than the bank! Why? Because we search all the lenders until we come up with the perfect package custom made for you.
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Read more... [Top 10 Closing Costs When Buying a Home]
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