Mortgage Products

First Mortgages

Almost everybody in Canada need a mortgage to buy their house. That mortgage when taken out from a bank , trust companies, insurance companies, credit unions, Mortgage investment corporations or a private lender to pay for a first home, is called a first mortgage.
First mortgages are mostly paid in blended payment that is principal and interest agreed over particular rate and term.

A first mortgage is the primary lien on the property that secures the mortgage. When a person wants to buy a property, they need a mortgage to finance the purchase with a loan from a lender. The lender expects the mortgage to be repaid in installments which include a portion of the principal and interest payments. The lender will have a lien on the property since the loan is secured by the home. This mortgage taken out by a homebuyer to purchase the home is known as the first mortgage. The lender will not own the property through a first mortgage, lender just put a lien on the property. You are generally free to do with your property as you wish, however you cannot usually transfer or sell the property without the lender’s consent, unless you are paying off the mortgage. Because the first mortgage gets paid first in the event of default, you do not usually need the lender’s consent to obtain a second or third mortgage.
On the other hand, the second or third mortgage lender will want to be assured that you can continue making payments on both mortgages. The lender will need to be assured that you have sufficient equity in the property so that, in the event of a default and if secondary lender goes for power of sale or foreclosures their interests would be protected, that is there is enough equity to overcome legal fee, real estate commission etc.

Most mortgage lending institutions have penalties for breaking out of first mortgages before the date of maturity so, depending on the penalty, there may not be an advantage to doing so. You should speak with a mortgage Broker/Agent, who can advise you about penalty and help you to weigh your options. They can also help you verify that which option works best for you before you take steps towards deciding whether to break, Switch, renew, transfer your current first mortgage loan.

FIRST MORTGAGES: Points to be considered


There is a lot of credible mortgage lenders as banks, credit unions, insurance companies and a lot of trust companies who can lend as very competitive rate depending upon your qualification.


It is very important for potential borrowers to determine a mortgage amount that lets you both buy their home and repay the monthly payments to the mortgage lender easily. We will examine your income and debts. Based on your remaining outstanding debts, determine a mortgage loan amount that you can repay comfortably.


Determine the needed loan amount, and then compare the first mortgage interest rates being offered by various mortgage lenders you’re considering. This way, you will be able to figure out the current market interest rate.


The amount of time it takes to pay back first mortgages can vary between homeowners. Paying back the loan over a short period of time will help to save money on the amount being paid on interest, however may risk stretching your monthly budget to the limit. In comparison, paying your first mortgage over a longer period of time will mean paying more interest, but allow for greater cash flow.

As the primary method of financing to complete your real estate purchase, it is very important to choose first mortgage lender wisely. Our Team at Gold Mortgage Fund specialize in assisting you to obtain the right first mortgage for you.

Second Mortgages

Clients borrow money from a lender to finance their House. The rank of the mortgage is determined by the order of the date on which the homeowner borrowed the money. First mortgages are followed by second mortgages, then third mortgages, and so on as necessary. If the homeowner fails to repay the amount that was agreed upon, the loan falls into default.
A lender can take over the property in order to pay off the mortgage if all other legal options to return the payments to good standing have failed. That is lender can start a legal process under power of sale procedure.

Second Mortgages are one of the popular option for home owners who may want to carry out renovations, consolidate unsecured debt or acquire funds for unexpected emergencies. Mortgage Partners Corporation proudly offers second mortgages in Toronto, Brampton, Mississauga, Oakville, Burlington, Hamilton, Cambridge, Brantford, Milton, Guelph, Kitchener, Waterloo, London, Windsor, Aurora, Ajax, Pickering, Markham, Woodbridge, Barrie, Whitby, Oshawa, Newmarket and Bradford from our own pool of funds through private investors, for as much as 85% Loan to Value (LTV). This percentage allows you to maximize your equity takeout.

A private individual (like yourself) provides mortgage funds to a property Owner to be registered on title and secured against the subject property. We lend either One on One or in pool. (Between the Investor, and the property Owners.)

We often provide approval in as little as 24 hours. Clients can take advantage of several benefits, such as debt consolidation, property tax arrears, judgments, liens and Canada Revenue Agency (CRA) arrears, power of sale, purchase, refinance.

Second mortgages can also help with other financial needs such as construction financing, emergency situation, and unexpected medical bills or funeral costs. When working with industry experts such as Centum gold mortgages, our clients in Brampton and across GTA can take advantage of fast and efficient approval process. There is no need for excessive paperwork, unlike Banks.

This makes the unique second mortgage process from Centum Gold Mortgages unlike any other lending partner in the industry. We have over $32 million in funds for homes, rental properties, condos, well and septic properties, and farm and commercial properties. Our team of professionals at Centum Gold Mortgages has dedicated years to establishing relationships with different lenders throughout Canada. This makes us one of the most recognized alternative lending Mortgage Brokerages in the industry.

Everyone is approved on equity, not credit.

gray concrete wall inside building
gray concrete wall inside building
white and black abstract painting
white and black abstract painting
worm's-eye view photography of concrete building
worm's-eye view photography of concrete building

Private Mortgages

A Private Mortgage is mortgage scenario where lender is a private person like you, who are also called as investors. These investors are very flexible as compared to the traditional lenders such as Banks or Trust companies as they lend based upon equity in your property.

We can help you pull more of the equity in your property that implies we can have access to 85% of market value of property as compared to Bank Lenders which would allow financing at only 80% of property value and that too if you qualify.

We understand not everybody has best of the credit or can have income qualification, which is a requirement to obtain a mortgage from most Bank lenders. With private mortgages, we do common sense lending and we listen to your story and if it makes sense, we can get you approval within 24 hours.

We have a reputation in the mortgage industry for working with our credit challenged clients to consolidate debt, save them from power of sale or foreclosures and assisting in rebuilding their credit.

We can help you leverage equity in collateral real estate to purchase a new property with little to zero money down, along with covering closing costs and interest payments

We have an experienced team of mortgage agents and brokers with backgrounds in Banking, financial planning, insurance, real estate.

At Centum gold mortgages, we are dedicated to helping you find mortgage solutions that will address your financial need. We are here to help and our team is confident we have the financial solution you are looking for. Based on your deal, our specialists can help you close you private financing deal in as little as one week.

Home equity Line of Credit (Heloc)

A HELOC (home equity line of credit) gives homeowners the freedom to spend their money when they like and repay it in a way that best suits their needs. A HELOC is the ideal choice for clients, who need flexible access to their equity. Its repayment schedule is flexible, that is the interest rate you pay on HELOC, is drastically lower than what you would pay on a credit card or other unsecured debt.

It allows you to consolidate all of your debts (loans, credit cards, car loans, etc.) at a competitive, low interest rate.

Line of Credit is the smartest way to borrow for the things you want today:

· Home renovations

· Buying a car

· A vacation, or another major purchase

· Investments

· Tuition fee

Benefits of HELOC

· Flexible, ongoing access to funds at a low interest rate; secured against your home equity

· Option of Only pay interest on the funds you use

· Flexible repayment options, including the ability to pay as little as interest only

· Option to combine with a mortgage to benefit, so your available credit increases automatically as you pay down your mortgage

At Centum Gold Mortgages , we will evaluate your current Mortgage needs and decide which products are best for your lifestyle needs. Our goal is to make sure that you are comfortable with the terms of your home equity line of credit.

Debt Consolidation

We specialize in debt consolidation through mortgage refinance. You can lower your total monthly payments by unlocking up to 85% of your home’s value with help from trusted mortgage lenders and insurers.

We will use your mortgage equity to pay off your bills sooner and at a lower rate. With your bills consolidated, your interest and payments will dramatically reduce.

  • Secured Lines of Credit Programs for up to 65% of your home market value

  • Refinance you first mortgage up to 80% of home market value

  • Equity Based Second Mortgages for up to 85% of your home market value

When do you need debt consolidation?

  • Drowning in debt

  • Burdened by high payments

  • Getting calls from collection agencies

  • Facing accumulating bills

  • Overdue on your property taxes

  • Behind in your mortgage payments

The process to do debt consolidation

· Examine your current situation at no charge or obligation. Get your free online savings quote today!

· Reduce your payments by up to 65% and combine all of your payments into one affordable monthly payment.

· Start today and you could get out of debt in as little as 24 - 48 months.

If you’re feeling burdened by monthly bills and compounding interest charges, you might want to consider debt consolidation. Our team members at Centum Gold Mortgages are dedicated to helping you secure the best possible debt consolidation plan.

white concrete building during daytime
white concrete building during daytime
white concrete building during daytime
white concrete building during daytime
A curved facade covered in white latticework
A curved facade covered in white latticework
Mortgage Refinance

The ability to refinance your home with the bank is becoming more difficult. Most major lending institutions have adopted strict policies with respects to who they qualify for home refinancing such as Stress test, Income qualification or good credit ratings.

Reasons for refinance your home

· Get a better mortgage interest rate

· Increase the length of your mortgage term or amortization to reduce your payments

· Decrease the length of your mortgage term to pay off your mortgage sooner

· Switch from a variable rate mortgage to a fixed rate mortgage

· Refinance for home improvements & renovations

· Refinance your home to pay off debt or consolidate debt

· Increase cash flow for your business

We make refinancing your home simple. We know that you don’t want to have to jump through hoops to get access to home equity. Our flexible and affordable financing options allow you to access up to 85% of the equity in your home. Many of our clients have successfully used this low monthly payment program to consolidate high credit card and other unsecured debt, while others use this product to renovate their home . When you use mortgage refinancing to consolidate debt and loans into one, you can save thousands of dollars.

If your application for home refinance has been declined by the bank or another mortgage lender don’t worry there are other mortgage solutions. We have been helping our clients achieve their refinance their homes last 19 years

Rescue Financing

Timing is everything when you are losing your home. We can typically contact the lender or the lender’s legal representative to slow down the process or stop it entirely. We can help in case of lender has started power of sale or foreclosure process or you have booked a new build house some time back and now you don’t qualify, we can provide non-conventional funds to help attain your home.

Our unique rescue financing program is designed to:

Our approval process is very quick

Stop the Power of Sale process

Keep your family in your home

We will Work quickly to collect documents and get appraisal on property in matter of time, once we have the Approval, we will provide you full disclosure and documentation.

We pride ourselves on excellent customer service.

Call Us Today for your Unique Situation, we will provide you a tailor made solution for all your mortgage needs

Commercial Mortgages
We at Centum Gold Mortgages can help you finance your commercial property or buy a business, a leading mortgage brokerage firm, can help you obtain the commercial mortgage loans you need with the best commercial mortgage rates in Ontario.

A commercial mortgage is a loan taken out on commercial real estate (as opposed to residential) with the property as collateral. The borrower is generally a company or business as opposed to an individual and the business may be either a partnership, limited company or incorporated. Consequently, assessing credit history is more complicated with this type of mortgage. You can also expect commercial mortgage rates to be significantly higher than residential rates due to the increased risk.

While financing a commercial property you may encounter some roadblocks. If you have gone to your bank, you may be turned down, not that you cannot afford the mortgage but due to the fact that these mortgages are not structured right. Rest assured, we aren’t your bank. We’re Centum Gold Mortgages will make sure you get the financing that you deserve. In fact, we will make sure it happens so you can start growing your business or renting out your space.

A commercial mortgage is a loan taken out to secure a commercial property instead of a residential one. This type of loan is ideal for business owners who are looking to increase their space and people looking for an income property. When you use a private lender like Centum Gold Mortgages , you are getting a private mortgage instead of a traditional one.

The difference between a private and traditional mortgage is how it is funded. Traditional mortgages are funded by banks, conventional lenders or even trusts, whereas private mortgages are funded by single or group investors.

A commercial property, a building must have five or more units, or be considered properties where a business takes place away from your principal residence. Buildings that have storefronts and residential units are considered mixed and fall under the commercial category.

Buildings such as offices, industrial, retail properties, and shopping plazas are also deemed commercial properties. Restaurants and bars are thought of as commercial spaces as well.

It’s easy to confuse residential and commercial properties so remember that buildings that have 1-4 units are not commercial properties. These are considered residential and the funding process is a little different. If you’re not sure what category your property falls under, we can help. Moreover, if your property isn’t considered commercial, but is residential, we’ll have no trouble finding you a residential mortgage.

Centum Gold Mortgages will take care of all your mortgage needs. Whether you are looking to purchase a 30-storey apartment building or a high-end boutique, we’ll get you the private commercial mortgage you need as quickly as possible!


No matter what type of commercial and industrial mortgage loan you need, Centum Gold Mortgages will provide a helping hand.

Multi-family residential

Storefront with apartments/ residential commercial (mixed) individuals

Commercial plaza mortgages

Office mortgage

Industrial mortgage

Farm land mortgage

Construction projects

Franchisee business


Residential mortgages usually take around 90 days to close, but could close as soon as 2 to 3 weeks. On the other hand, commercial mortgages take much longer and could take anywhere from 60 days up to a year.

white concrete building during daytime
white concrete building during daytime
white concrete building during daytime
white concrete building during daytime
A curved facade covered in white latticework
A curved facade covered in white latticework
Bad Credit Mortgages

We take pride in helping homeowners in all situations, including individuals with poor credit or previous credit issues. If your credit is bruised, you have been turned down by your bank.

Bad Credit mortgage is a loan given to people who possess a credit score that is under the National average.

A Bad credit mortgage is an ideal option for anyone who has bad credit but will still be capable of making his or her monthly mortgage payments on time. As long as you can prove that you have no intention of defaulting on your loan and you have equity in the Home, we will get the mortgage.

This type of mortgage can keep you from declaring bankruptcy if you are able to consolidate the loan with your existing high interest debts. You can also use a bruised credit mortgage to refinance your property and unlock its equity to use for home improvements, Debt consolidation that is pay off all credit cards with high interest, home renovations, Funeral Cost, College tuition, etc.

We understand how difficult it can be to get a mortgage with bad credit, low income and other financial issues. Our solution based lending products allow you to get the mortgage you need.

If you fall into one of these groups:

· Have bad or a tarnished credit history

· Don’t have an established credit

· Have a previous bankruptcy

· Are currently in a consumer proposal or in the midst of credit counseling

We Can Help Call US Today 416-857-3738

At, we have access to a large pool of such mortgage providers or private lenders who provide a various mortgage solutions for borrowers living in Ontario with past bad credit issues and even bankruptcy or consumer proposal.