First mortgage / home purchase
Pre-approval, firm offer, down payment, and closing costs for a primary home, rental, or second property. Start here if you are buying.
Residential page
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Rozil shops 70+ lenders through Clover Mortgage — banks, credit unions, monoline lenders, B-lenders, MICs, and private. Products depend on the file. Nothing here is an offer to lend.
Pre-approval, firm offer, down payment, and closing costs for a primary home, rental, or second property. Start here if you are buying.
Residential pageWhen the down payment is under 20% on a qualifying purchase, default insurance (CMHC, Sagen, or Canada Guaranty) may apply. Insurance lets lenders accept a smaller down payment. Premiums and rules are not the same as “free money.”
Ask about an insured purchaseDo not treat the bank letter as the only option. A renewal or a switch can be shopped across the Clover lender list so the next term matches the payment you want.
Review a renewal letterRestructure the first mortgage to change the rate, the term, or to pull equity for renovations, investment, or debt. Weigh break penalties before you move.
Equity room calculatorA lump sum or a revolving line secured against the home. Useful when you want access without resetting the whole first mortgage — if the lender and the existing terms allow it.
Talk HELOC vs refinanceExtra borrowing behind a first mortgage you want to keep. Often used when a break penalty is painful or funds are needed quickly. Rate is higher; the exit plan matters.
Discuss a secondRoll high-interest cards and loans into a mortgage payment when the math actually saves money and you will not refill the cards. Use the Tools page to sketch the payment, then send statements.
Consolidation sketchT1s do not always show the income a business actually supports. Some lenders will look at bank statements, corporate statements, or stated-income programs. Paperwork is heavier; approval is not automatic.
Self-employed fileLate payments, consumer proposals, or a thin file do not always end the conversation. Alternative lenders look at equity and ability to pay. Expect a higher rate and a plan to step back to an A lender later.
Credit conversationShort-term, equity-based funding when banks will not move in time or the file does not fit A-lender boxes. Useful as a bridge — not as a 25-year plan.
Private optionsPower-of-sale pressure, a collapsing firm deal, or a closing date that moved. Many files take a couple of weeks. When title is clean, equity is there, and documents are complete, some files can fund in a day or two. That is a circumstance — not a 24–48 hour guarantee.
Urgent fileFor eligible older homeowners who want tax-free cash with no required monthly payment. Interest still accrues. This is a product with trade-offs — family conversation first, then numbers.
Reverse mortgage questionsOwner-occupied offices, mixed-use, small retail, and some investment properties. Commercial is not a full menu on this site. Send the property type, use of funds, and a short financial snapshot.
Contact us about commercial