Armada Mortgage Corporation
Mortgage Investment Corporation (MIC) that invests in residential, construction, and serviced‑land mortgage loans secured by real estate in British Columbia, Alberta and Ontario. Offers short‑term financing (typically 1‑2 years) to borrowers (directly or via brokers) and provides investors with yields (average ~7% since 2003) rather than explicitly monthly payments. It lends British Columbia, Alberta, Ontario.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Refinances and equity take-outs
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
At a glance
- Mortgage size: $50K to $950K
What you can do with it
- Buying a home
- Refinancing
Rate types
- Fixed rates
Where it lends
British Columbia, Alberta, Ontario
Good to know
- Private/MIC lending: higher rates plus lender fees; intended as a short-term solution, so have an exit plan
- Lends mainly on single-family homes in major urban centres of BC, Alberta and Ontario
- Maximum loan-to-value not published; contact for deal-specific limits
How to reach Armada Mortgage Corporation
Available both directly and through a mortgage broker. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Armada Mortgage CorporationEducational summary; rates, terms, and approval are set by the lender.
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Other mic & private lenders
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.