MCAP Mortgages
MCAP is one of Canada's largest independent mortgage financing companies, with over $100 billion in assets under management. Comprised of over 700 employees in 8 offices, MCAP originates, securitizes, trades and services residential and commercial mortgages & development financing loans with some of Canada’s largest financial institutions.
COVID-19 Update: Skip-A-Payment Program
Given recent global events, MCAP understands that these may be difficult times for Homeowners. In order to provide some assistance, MCAP wishes to highlight that under the terms of your mortgage, you may defer, or Skip-A-Payment* at any time subject to certain conditions. Should you elect to Skip-A-Payment, MCAP will waive any applicable fees and this will not impact your credit rating.
The foregoing is applicable to any MCAP and RMG branded mortgages.
If you would like to know more about our Skip-A-Payment program, click here, or login to MyMCAP and submit a Skip-A-Payment request from the self service options menu.
At this time, we are experiencing high call volumes, however, every Homeowner will be helped.
Rest assured we will get to you as soon as we can.
*Subject to Approval
MCAP Prime Rate Update:
MCAP intends to change its Prime Rate to 2.95% effective April 1, 2020. This is consistent with other major Canadian Financial Institutions. MCAP is mindful that market conditions are rapidly evolving and we reserve the right to change our position at our sole discretion.
If you have questions about your variable rate mortgage please click here.
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