Mortio Financial Corp

Mortio Financial Corp is a licensed Ontario mortgage broker based in Markham, serving homebuyers and homeowners across Toronto, Vaughan, Richmond Hill, Mississauga, and the Greater Toronto Area. The company specializes in private mortgages, refinancing, debt consolidation, second mortgages, and self-employed mortgage solutions. They work with major banks, alternative lenders, and private lenders to provide flexible financing options and fast approvals.

Mortio provides a range of mortgage products including 2-year fixed, 3-year fixed, 5-year fixed, 10-year fixed, and 5-year variable rates. They also offer HELOC and home equity loans, reverse mortgages, and commercial mortgages for investment properties.

Clients can apply online through the website, which allows them to compare rates from multiple lenders with a single credit check. The process includes same-day pre-approval decisions and in-house underwriting, with options to meet in person at their Markham office or stay informed via email updates.

As of the latest update, Mortio displays rates such as 3.69% for 5-year variable, 4.79% for 1-year fixed, and 4.54% for 2-year fixed. These rates are insured and subject to change based on the transaction and financing details.

Fixed terms keep the rate the same for the agreed period, making payments easier to budget, while variable terms move with the prime rate, potentially changing payments or the principal amount. Mortio explains these options to help clients decide based on their timeline and risk tolerance.

Mortio serves first-time home buyers, newcomers to Canada, real estate investors, seniors, retirees, and self-employed borrowers. They also assist with home purchases, renewals, and equity takeouts for those looking to consolidate debt or access home equity.

Clients can request a quote by visiting the website, calling the business line at +1 844-991-7171, or emailing [email protected]. The team will help compare options based on income, down payment, and property details.

Mortio Financial Corp is located at 113-1020 Denison Street, Markham, Ontario, L3R 3W5. Clients can also meet with their team in person at this Markham office location.

The company is led by Aamber Nagra, the CEO and Co-Founder, and Steve Totani, the Co-Founder and Managing Director. They guide the company's strategy with a focus on helping clients reach their financial goals.

Mortio offers several calculators on their website, including a mortgage payment calculator, mortgage affordability calculator, refinance calculator, CMHC insurance calculator, and prepayment penalty calculator to assist with decision-making.

Mortio operates under Brokerage Licence #10394, which is displayed on their website and contact pages to verify their status as a licensed Ontario mortgage broker.

Mortio categorizes lenders into Big Bank, Canadian Lender, and Private Lender to explain how each affects penalty structures, prepayment terms, and approval flexibility. This helps clients understand the implications of different lender types before selecting an option.

Mortio emphasizes same-day pre-approval decisions as part of their streamlined mortgage process. They aim to provide quick responses while ensuring clients have all necessary information to make informed choices.

Clients can reach Mortio by calling +1 844-991-7171 or sending an email to [email protected]. The company also provides a contact form on their website for those who prefer to send a message directly.

The official website of Mortio Financial Corp is mortio.ca.