Borrowers
Achieve Your Dream of Home Ownership
Alternative Mortgage Solutions
Your Path to Homeownership
At Magenta Capital Corporation (MCC), we believe that homeownership is a rite of passage – the cornerstone of building your tomorrow. We understand that not everyone qualifies for a traditional bank loan, and we’re here to help.
We work with your broker to provide easy and reliable financing solutions for you. We only accept applications for mortgages through licensed mortgage brokers. Direct applications are not accepted. To find a licensed mortgage broker, please click here.
For customer service inquiries on your Magenta Capital Corporation mortgage, such as payment changes, renewals or discharges, contact: mortgages@magentacapital.ca.
Your TOmorrow Matters
Our Approach to Mortgages
Empathetic
We understand your unique lending needs. Bruised credit, self-employed or unexpected life event – we look at your full story to help you achieve your dream of homeownership.
Flexible
As a property-first lender we weigh the property and location most heavily, which allows us to offer flexible income documentation requirements.
Quick Closes
We work with your mortgage broker to offer solutions to get you into your dream home faster and facilitate your return to traditional lending channels when you’re ready.
Mortgage Products
Customized Solutions to Meet Your Needs
First Residential Mortgages
Flexible mortgages to get you into your dream home faster.
Second Residential Mortgages
Access your home equity with flexible second mortgage solutions.
Residential Refinancing
Flexible options to help you achieve your refinancing goals.
Firsts and Seconds
Flexible Mortgages for Alternative Borrowers
Magenta Capital Corporation first and second mortgages on owner-occupied or investment properties include:
Up to 50-year amortization
Up to 75% LTV
Flexible income documentation requirements
Capitalized fees
No minimum beacon score requirement
Quick closes in 24 hours or less
Solutions for Borrowers
Alternative Borrower Flexibility
We offer solutions for all types of borrowers with various income scenarios, including:
Salaried and hourly employees
Commission-based employees
Self-employed and business owners
New to Canada or generate income outside Canada
Borrower FAQ
Common Questions
How do I get a mortgage from Magenta Capital Corporation?
We only accept applications for mortgages through licensed mortgage brokers. Direct applications are not accepted. To find a licensed mortgage broker, please click here.
Can I pay out my mortgage early?
Can I miss or defer a mortgage payment?
Please email our mortgage customer service department with inquiries regarding deferrals: mortgages@magentacapital.ca.
What is the process to renew my Magenta Capital Corporation mortgage?
If you are renewing your mortgage, please contact your broker or email our customer service department with inquiries: mortgages@magentacapital.ca.
How do I qualify for a Magenta Capital Corporation mortgage?
Please discuss the qualification criteria with your broker. Magenta Capital Corporation only accepts applications for mortgages through licensed mortgage brokers. To find a licensed mortgage broker please click here.