Why should I use a mortgage broker?
Generally speaking, mortgage brokers have access to more financing options than the banks do. But Capital Direct mortgage brokers in Toronto are just a little different. Our brokers in Toronto lend out our own funds to homeowners. This enables us to save you time and money by providing approval decisions within 2 business days, and putting money in your pocket as early as 5 business days of successful document completion. We are also able to offer competitive interest rates with flexible terms tailored to your specific needs.

Are you independent of the 'Big Banks' and other lenders?
Yes, at Capital Direct Lending we lend our own funds, however we have established strong relationships with some of Canada's largest lenders so that we can provide clients with mortgage purchase options.

Can Capital Direct's mortgage expertise save me money?
Yes we can save you both time and money. Since we lend our own funds, our mortgage brokers in Toronto offer competitive interest rates with flexible terms tailored to your specific needs. And if you are looking to buy a home, our mortgage brokers in Ottawa have access to a Canada's leading lenders to match you with the best mortgage purchase options.

How can I qualify for a home equity loan?
To qualify, you must be a homeowner and have a sufficient amount of equity in your home. A Capital Direct mortgage broker will determine how much you can borrow by reviewing your mortgage details, assessed property value, and the amount you need to borrow. We base approvals on the equity value of your home rather than your credit score!

What is the interest rate?
There are two types of mortgage interest rates: variable and fixed. The interest rate on a mortgage or home equity loan is dependent on a number of factors. Click here to view current interest rates.

What closing costs are charged on mortgage or home equity loan?
The amount and type of services you need to pay for when applying for a mortgage or home equity loan, depends on the type of financing. You should expect to pay fees for legal services, appraisals, and home inspections. At Capital Direct, our mortgage brokers will outline all costs involved to you.

Can I lock in the interest rate, and what will it cost me?
Yes you can lock in an interest rate at any time. The primes lending rates and therefore mortgage rates have fluctuated greatly over the last year. You should ask your mortgage broker whether a variable or fixed rate is better for you, and when to lock-in your interest rates.

Is there a prepayment penalty on the home equity or mortgage loan?
Prepayments penalties vary depending on the lending institution and terms of the loan. Your Capital Direct mortgage broker will outline all the prepayment details for you.