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Mortgage Brokers

Mortgage Brokers

RCM’s Quick Refinance Program

We have a Quick Refinance Program available for eligible existing RCM borrowers who are seeking additional funds. Because this program is formulated specifically for our existing borrowers, we have the ability to complete them cost-effectively with a quick turnaround.  

► RCM can increase the existing mortgage principal of the existing loan provided that the loan-to-value ratio remains within our underwriting guidelines and there are no subsequent mortgages or liens.   

► Funds can be used to pay any mortgage arrears, prepay the borrower’s upcoming mortgage payments, or to help with living expenses.  

► RCM can work with borrowers directly in order to minimize costs.

► Our solicitors have offered reduced legal fees for these transactions.

Please note that each application is subject to underwriting review and approval.  

Support Team Contact Information

In order to avoid a negative impact on your credit rating, we encourage borrowers who anticipate the inability to make an upcoming mortgage payment to contact us now instead of after the delinquency has occurred.  Every borrower has a unique financial situation and we will work with each one to create an assistance plan that fits their needs. 

Your Royal Canadian MIC team

Learn More About Our New RoyalFLEX Line of Credit.

  • 2nd Mortgages
  • 1yr terms
  • Primarily 2nd mortgages.
  • Interest only mortgages
  • Lenders Fees based on individual applicants
  • $20,000 - $500,000
  • Maximum 75% (80% LTV when available)
  • GTA and surrounding areas

Click here for our Approved Appraiser List

Applicants we will consider
  • Personal Income Taxes
  • Property Taxes
  • Promissory notes
  • Car loans
  • Credit bureau debts
  • Construction liens
  • Collections
  • Judgments
  • Consumer proposals
  • Bridge financing
  • New construction
Applicants on a case by case basis
  • 1st Mortgage Arrears
  • 2nd mortgage arrears
  • Power of Sale
  • Equity (cash) takeout
  • Consumer proposal
  • Bridge Financing
  • New Construction
Properties we will consider
  • Residential properties
  • All single family dwellings including
  • Duplex/Triplex/Fourplex
  • High Rise/Low Rise Condominiums
  • Townhouses
  • Rental Properties

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