Overview & BenefitsMortgages with Magenta
Magenta is a situational lender specializing in solutions for borrowers with short-term credit challenges. In these times of increasing regulations and uncertainty, it’s critical to have a lending partner who truly understands its markets and utilizes a common-sense approach to mortgage origination. Magenta delivers stopgap programs that facilitate borrowers’ return to the traditional lending channel.
Key features of our program includes:
- Payment relief
- Greater access to equity
- Flexible income and documentation requirements
- No minimum amount restrictions
My experience with Magenta regarding my mortgage was nothing short of excellent as I was always provided with top quality service from a team of exceptional personnel of the highest calibre. Their attention to detail coupled with their professionalism made my financial dealings all the more positive and satisfying… Thank you sincerely!
Process Key Mortgage Stages
Getting your mortgage
Magenta accepts applications for mortgages via licensed mortgage brokers only. Direct applications are not accepted. To find a licensed mortgage broker, visit:
FSRA, the Financial Services Regulatory Authority of Ontario
Mortgage Professionals CanadaRefinancing your mortgage
When you’re looking to refinance your existing mortgage to access your home’s equity, first contact your broker.
Renewing your mortgage
If you are renewing your mortgage, please contact your broker.
Customer ServiceThank you for choosing a Magenta mortgage
Please email our mortgage customer service department with customer service inquiries:
- Discharges
- Renewals
- Early payout or lump sum payments
- Payment date changes
- Making up missed payments or payment deferrals
- Insurance issues
Please include your mortgage number and property address in any correspondence. Our mortgage administration department is available Monday to Friday, 9 a.m. to 5 p.m., excluding holidays. While we strive to acknowledge all questions within 4 hours of receipt, we appreciate your patience during high-volume periods.
If you need to increase or refinance your mortgage, please contact your mortgage broker.
BorrowingHow to borrow
Magenta accepts applications for mortgages via licensed mortgage brokers only. Direct applications are not accepted.
To find a licensed mortgage broker, visit:
