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Find A LenderFrank Mortgage: Overview
Frank Mortgage is Canada’s Online Mortgage Marketplace. Easily apply for a new mortgage, refinance or renewal and our platform will show you all products and rates, across all our lenders that you could qualify for. We are the only fully transparent mortgage broker in Canada, working to get you the best rate possible. Click the link above to take advantage of the cash back offer, and also see how Frank Mortgage could save you thousands more on your mortgage.
With Frank Mortgage, you can finally take control of your mortgage decisions. Stop wasting time with other brokers or lenders that push you into products that do not suit your current needs. Use our marketplace as your one-stop shop to compare your best rates and see for yourself that there is no need to shop elsewhere.
Frank Mortgage Features
Frank Mortgage comes with plenty of attractive features, including the following:
Low Mortgage Rates
Frank Mortgage’s customized algorithm searches the mortgage marketplace to find the best rates for you based on your financial and credit profile. With a lower rate, you can save thousands of dollars over the life of your loan.
Multiple Mortgage Options
Frank Mortgage scans the internet for lenders that offer mortgage products suitable for you. All mortgage options are populated for you in an easy-to-understand way. You can quickly compare all options and narrow down the best mortgage product for you.
Access To A Licensed Mortgage Advisor
Frank Mortgage has a vast team of professional, licensed mortgage advisors that can guide you through the process of finding and applying for a mortgage. Frank mortgage specialists are unbiased and have no hidden agendas.
You can speak to a live agent by simply calling 1-888-850-1377. Or you can book a consultation through their website.
Zero Broker Commission
The services offered by Frank Mortgage are free to use. You can take advantage of the platform to access expert advisors without having to worry about any commissions. Even if you’re self-employed, no commission fees apply to you. Instead, mortgage brokers are paid by referral from the lenders they connect borrowers to.
You Control The Process
You’re encouraged to take control of the mortgage process with no pushy sales tactics or influence from brokers and lenders. Instead, you’re given complete control over your financing decisions. You can use Frank Mortgage’s platform to find what rates are available to you.
While Frank Mortgage offers licensed advisors, you’re free to use them if you want. There’s no obligation to speak to one.
Special Offers
On occasion, Frank Mortgage and its lender partners offer opportunities for you to earn cash back. Some even offer rate discounts. Discover current special offers available to you by applying online.
Frank Mortgage Lender Partners
Frank Mortgage works with many Canadian lenders to help get you the best terms and interest rates. Here are just some of the lender partners the company works with:
- Scotiabank
- People’s Group
- Meridian
- EQ Bank
- First National Financial LP
- TD Bank
- ICICI Bank
- Home Trust
- Radius Financial
- Haventree Bank
- MCAN Home
- CMLS Financial
How To Apply For A Mortgage Through Frank Mortgage
Getting a home loan through Frank Mortgage is easy. Simply follow these steps to get the process started:
Step 1. Create An Account
Register an account either on the Frank Mortgage website or through the Frank Mortgage app. To create an account, enter your email address and full name, and choose a password. You’ll also need to agree to the terms and privacy policy.
Step 2. Fill Out An Application
Once you log into your account, you’ll see an option to start an application under your dashboard. Click “Begin a New Application”.
On the application, you’ll need to provide information about yourself, including the following:
- Full name and residential history
- Employment information
- Financial information
- Credit history
- Assets
- Down payment information
- Information about the property you’re buying
You’ll need to upload documents to support the information provided. This may include:
- A letter of employment
- Your pay stubs
- Purchase and sale agreement
- MLS listing you received from your relator
Step 3. Submit Your Application
Go over all information you’ve provided on your application carefully to make sure everything is accurate. Then, submit your application.
Step 4. Review And Choose Your Best Offer
Frank Mortgage’s algorithm will scour the marketplace for the loan products that you’re eligible for based on the personal and financial information you provided on your application. Several mortgage products that suit your needs and interest rates you may qualify for will be populated. Review your options and choose the offer you feel is best.
Step 5. Get A Mortgage
As your application is being reviewed, you can check the status by logging into your account. There you’ll also be able to review your offers. Once you’ve chosen the best deal, you’ll be required to upload various documents to complete the transaction. The lender you’ve chosen to work with will review and verify all information you provide and will finalize the deal following approval.
Bottom Line
Frank Mortgage is a good option for those looking to browse their options without having to apply to multiple lenders. With Frank Mortgage, you’ll get multiple offers based on your financial profile with a single application.
