B Lender / MIC Broker only 🔑 Broker only

MCAN / XMC Mortgage

Discover Alt accepts credit from 475; Elevate/Precision Prime (680+). Construction lending. Home-warranty program. It lends Ontario, Alberta, British Columbia.

Prepayment-penalty method

Fair, contract-rate penalty

If you break a fixed term early, the penalty is calculated the borrower-friendly way, using your actual contract rate. This is usually far cheaper than a big bank's posted-rate method, and it is one of the biggest hidden costs most people never compare.

See what breaking a mortgage early could cost

Who it tends to fit

Self-employed and business-owner borrowers
Buyers of rental or investment property
Borrowers with bruised or lower credit scores
Refinances and equity take-outs
Construction and new-build financing

General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.

What you can do with it

Buying a home
Refinancing
Construction / new build

Features

Prepayment privileges (pay extra without a penalty)

Rate types

Fixed rates
Variable rates

Where it lends

Ontario, Alberta, British Columbia

Good to know

Alt/B lender: expect higher rates and possible lender/broker fees.
Only lends in ON, AB, BC.

How to reach MCAN / XMC Mortgage

Available only through a licensed mortgage broker, not directly to the public. This is educational information, not a rate quote; confirm current rates and terms directly.

Visit MCAN / XMC Mortgage

Educational 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.