Let's face it, the conventional mortgage process is time consuming and redundant. mycommodo.com does things differently by promising you lower rates, great customer service and a streamlined application process.
To know more about mycommodo.com, click on one of the categories to view some FAQs from our customers
Instead of you approaching brokers and banks to find a better rate, mycommodo.com shops around for you instead. Also, we make the whole process faster and easier with our simple online portal which allows you to upload your documents directly through your smartphone, tablet or computer.
While the initial mortgage process can be totally done online, there are still other factors and procedures in place before you can get approved. mycommodo.com helpful team members will get in contact with you to help guide you on your journey to an approval.
mycommodo.com takes your personal and financial information very seriously. You can be assured that everything you tell is private, confidential and is encrypted in our database.
mycommodo.com strives to get you the best possible rate by reducing the commissions our agents receive from the lender in return for a lower interest rate which is paid by you. This is known as “buying down” the interest rate.
mycommodo.com’s lender network consists of most top mortgage lenders in Canada including chartered banks, credit unions, trust companies and other private lenders. Our extensive array of lenders allows us to shop around and get you the lowest rate possible.
mycommodo.com conducts mortgage brokering solely in Ontario, Canada currently. We are based of out Markham, ON
We primarily focus on 1st and 2nd mortgages. However, we are more than happy to assist you with any other mortgage products. Contact us for more details.
If you get approved and wish to close your mortgage with mycommodo.com. There may be other standard closing costs that you are responsible for.
These costs include things like appraisals, legal fees, surveys, title insurance etc. These costs are associated with any mortgage transaction regardless of the lender/ broker and are not charged by mycommodo.com.
Once your application has been approved and you are ready to move forward, one of our mortgage agents will be in contact with you to discuss what each cost is in detail
Closing costs will vary based on your mortgage amount.
Once your application and documents have been approved, your mortgage will go into the "closing process". At this stage, the final process of getting your funds to you will be in the works. As always, a mycommodo.com team member will be in touch with you at every stage to make sure you are aware of what’s going on
When agents bid to win your deal, they can only see the basics of your application such as the mortgage amount, your debt ratios and the city that your house is located in. Your name, contact information and personal financial information is not available to our agents until they win your application and take your mortgage into the closing process.
No! mycommodo.com does not hold you responsible in case you decide not to get a mortgage with us. However, our application is so easy and our rates are so low, you most likely won’t want to go somewhere else!
No problem! If you are unable to upload your documents through our online service, you can either email, fax or simply drop by our office to submit them.
As cool and awesome as technology may be, we appreciate an old-fashioned phone call. If you ever have an issue using our online tools, we’re only a click or call away!
Call us at 1-844-9-COMMODO Or
mycommodo.com’s chat as well as
many more features are in the works!