Frequently
Asked
Question Does
The Mortgage Centre
release
my
information
to
third-parties? In
order
to
process
your
request,
the
financial
institutions
or
service
providers
we
work
with
will
need
certain
information
about
you.
We
ensure
your
information
is
transmitted
over
a
secure
data
stream
and
is
housed
on
a
secure
server.
Your
non-public
information
is
not
sold
or
released
to
any
third-party
marketing
companies,
nor
is
it
used
for
any
other
purposes
other
than
the
services
you
request.
Result:2
-
Frequently
Asked
Question .
Do
you
do
pre-qualifying
mortgages?
Yes
--
And,
there
is
no
cost
or
obligation
to
get
pre-approved.
Result:3
-
Frequently
Asked
Question
What
is
The Mortgage Centre's
phone
number? Telephone:
1-416-777-1200
or
Toll
Free 1-877-927-4968
Result:5
-
Frequently
Asked
Question
Do
you
have
to
own
a
home
in
order
to
get
a
debt
consolidation
loan? Yes
Result:6
-
Frequently
Asked
Question
Confidentiality? All
our
clients'
information
is
held
in
the
strictest
confidence.
We
are
bound
by
our
code
of
ethics
to
never
release
any
information
to
anyone.
Result:7
-
Frequently
Asked
Question
What
is
the
difference
between
Co-signer
and
a
Guarantor?
A
Co-signer
is
placed
on
the
mortgage
and
is
registered
on
the
title.
A
Guarantor
signs
a
document
that
personally
guarantees
the
mortgage.
Most
banks
will
do
both.
Some
banks
prefer
that
co-signer
live
on
the
property.
Result:8
-
Frequently
Asked
Question
Where
in
Canada
do
you
lend? Everywhere
--
The Mortgage Centre
is
a
National
company.
Result:9
-
Frequently
Asked
Question
What
is
the
current
prime
rate? You'll
find
the
answer
on
our
variable-rate
mortgage
page!
Result:10
-
Frequently
Asked
Question
Where
is
The Mortgage Centre
located? Our
head
office
is
in
Toronto,
Ontario
Result:11
-
Frequently
Asked
Question
What
is
required
to
obtain
a
first
mortgage?
Result:15
-
Frequently
Asked
Question
Is
there
a
benefit
with
going
to
a
bi-weekly
mortgage
payment? Yes
--
If
you
pay
your
mortgage
every
two
weeks,
you
will
gain
the
equivalent
of
one
extra
monthly
mortgage
payment
a
year;
thus
allowing
you
to
pay
off
your
mortgage
faster.
Result:16
-
Frequently
Asked
Question
Is
it
possible
to
get
a
mortgage
through
The Mortgage Centre,
even
though
at
this
time
I
am
not
a
Canadian
resident? Yes
--
Some
conditions
do
apply
(i.e.,
minimum
25%
down,
good
credit).
Result:17
-
Frequently
Asked
Question
Do
I
need
mortgage
life
insurance? No.
The
only
insurance
banks
can
legally
force
you
to
get
is
fire
insurance.
Mortgage
life
insurance
only
covers
the
remaining
balance
of
your
mortgage.
The Mortgage Centre
recommends
that
you
purchase
normal
term
life
insurance
with
a
loss
payout
that
will
cover
the
current
value
of
you
home,
not
just
the
balance
of
your
mortgage.
Result:18
-
Frequently
Asked
Question
How
long
does
it
usually
take
to
receive
a
reply? Usually
within
two
hours
&
never
more
then
2
business
days
--
If
you
haven't
heard
from
us
by
then
please
call
416-777-1200
