Marathon Mortgage Corporation
- Marathon Mortgage Corporation is a new mortgage & investor service provider that is committed to providing competitive mortgage rates and exceptional service in the Canadian mortgage market.
- Marathon Mortgage Corporation specializes in discounted 3 & 5 year fixed conventional rates, the 5 year high ratio fixed rate, and 5 year closed variable rate mortgages for both conventional and high ratio financing.
- Marathon Mortgage Corporation is a great broker lender not only for their rates, but also for their flexible prepayment allowances: upon any regular monthly instalment date but not more than three (3) times per calendar year, the mortgagor may repay up to 15% of the original loan amount and increase the regular monthly instalment up to 15% during each calendar year.
- Accelerated weekly & biweekly payment frequencies, in addition to monthly, semi-monthly, and non-accelerated weekly & bi-weekly.
- All mortgages are assumable and portable upon application and qualification.
- Transaction types include: Purchase, Refinance, Switch, Ports, Equity Take Out.
- Property taxes are paid through Marathon Mortgage Corp.
- Will lend in any area that is acceptable under CMHC guidelines.
- Amortization minimum is 18 years and maximum is 25 years.
- Standard term mortgages.
- Simplified mortgage financing; there is no relationship banking required.
- Owner occupied, primary residences only.
- Bridge financing is available.
- Family gift for down payment is acceptable if the family member is Mother, Father, Grand-Parent, Brother, or Sister.
- Both conventional and high ratio mortgages are qualified at the Bank of Canada benchmark rate.
- Marathon Mortgage is a monoline lender. For more information on what a monoline lender is and their role in the mortgage market, click here.