contactus feedback lawyers aboutus login home
Privacy Policy - Terms of Use - Admin - Copyright ©2017 Spectrum Canada Mortgage Services Inc.   Spectrum-Canada Mortgage Services Inc. is a licensed Mortgage Brokerage. Spectrum-Canada Mortgage Services Inc. is licensed as a mortgage broker in British Columbia under the Mortgage Brokers Act and pursuant to the Financial Institutions Commission – License number: X027170 and is also authorized to handle trust funds. Spectrum-Canada Mortgage Services Inc. is licensed as a mortgage administrator in Ontario under the Mortgage Brokerage, Lenders, and Administrators Act and pursuant to the Financial Services Commission of Ontario - License number: 12045. Spectrum-Canada Mortgage Services Inc. is licensed as a mortgage broker in Ontario under the Mortgage Brokerage, Lenders, and Administrators Act and pursuant to the Financial Services Commission of Ontario - License number: 10832. Spectrum-Canada Mortgage Services Inc. is licensed as a mortgage broker in Alberta under the Real Estate Act and pursuant to the Real Estate Council of Alberta with its registered office in Edmonton. Spectrum-Canada Mortgage Services Inc. is licensed to carry on business as a financing corporation with respect to mortgage administrator activities and mortgage brokerage activities in Saskatchewan under The Trust and Loan Corporations Act, 1997 and pursuant to the Financial Services Commission – License number: 316067. Spectrum-Canada Mortgage Services Inc. is licensed in New Brunswick under the Mortgage Brokers Act as a Mortgage Brokerage (License Number: 160000731) and under the Cost of Credit Disclosure Act and pursuant to the Department of Justice and Consumer Affairs (License number: 81235). Spectrum-Canada Mortgage Services Inc. is licensed in Newfoundland & Labrador under the Mortgage Brokers Act and pursuant to the Department of Government Services – License number: 07-07-SP108-1. Spectrum-Canada Mortgage Services Inc. is licensed in Nova Scotia under the Mortgage Brokers’ and Lenders’ Registration Act – License number: 151670082.

I'm a New Client

Common Questions:

Q - Who is Spectrum-Canada?
Spectrum-Canada provides Non-Conventional Mortgage Services to Banks and Credit Unions. This enables them to provide mortgage funding solutions to their clients when the borrower's needs fall outside the Institution's own lending guidelines.

Q - Why would my Bank or Credit Union recommend Spectrum?
Our Mission Statement "To be the Financial Institutions' 1st choice for Non-Conventional mortgages" depends upon our ability to deliver expeditious mortgage solutions to the clients and members of our Bank and Credit Union Origination Partners. Their trust and confidence has been earned through our commitment to provide a level of professionalism and service excellence to each one of their customers.

Q - What is a Non-Conventional Mortgage?
A non-conventional mortgage is defined, in its simplest form, as a mortgage for a borrower that does not meet normal bank or credit union lending criteria.

Q - Why may I not meet the normal lending criteria of my Financial Institution?
There are many reasons why you may not fit your Bank's or Credit Union's own lending criteria and these reasons may have nothing to do with whether or not you are a good client. In fact, the primary reason this program exists is to ensure that your Financial Institution can maintain their relationship with you.

All of these and many other reasons may preclude your own institution from providing the mortgage financing you require. Our job is to source a lender from a range of non-conventional providers who may be able to help you.

Q - What will Spectrum do?
Our job is to find you the most cost effective mortgage solution given your current circumstances where you do not qualify for conventional financing. Spectrum has access to the widest range of funding sources and options to the extent that it is almost always possible to obtain a mortgage solution for you – if a solution is available anywhere in Canada – we will have access to it! Working with Spectrum you can be sure that we will explore every one of these available options. We will present you with an initial 'Mortgage Illustration' showing a number of different ways in which you can achieve your objective - allowing you to decide upon the best solution for your circumstances.

Q - How can I ensure the best results?
There are several ways that you can ensure the best results - and by following these simple steps we can quickly help you to reach a satisfactory conclusion to your mortgage arrangements:

Q - What if I want the best rates on a conventional mortgage – Can Spectrum help there too?
Absolutely! We arrange conventional mortgage financing for the clients of many of our national Financial Institution partners. Your mortgage will almost certainly be your single biggest financial commitment so it's obviously important that you get the very best advice available. The mortgage market is highly dynamic with new products being introduced daily and rates changing almost as quickly - Independent mortgage advice is critical to ensure that you end up with the very best solution. So whether you're buying for the first time, renewing a mortgage or refinancing, Spectrum can help with the best rates, terms and conditions and fast, friendly, professional service!

Q - What do I need to do to proceed?
Apply for a Mortgage

Spectrum is My Mortgage Holder

Contact Info:

Liz DeMelo
Manager, Servicing
EMAIL ME!

604.676.2059
or toll free 877.253.4377 x2059

Common Questions:

Q - What if I can't make my entire payment on time?
Call our office at least 7 days prior to your due date to avoid NSF charges and to make alternative arrangements for your payment

Q - How are renewal fees paid?
Renewal fees can be paid monthly, interest free

Q - How do I pay out my mortgage early?
Call our office for a Date To Pay and Discharge amount

Q - Is there a penalty if I pay out my mortgage at renewal?
No

Q - How do I change my payment date or bank info?
Click on this link for our PAP form. Print the form, complete all information on all 3 pages (incuding your signatures), attach a voided check and mail to our office. Please also fax a copy to our office at 866 678-8206.

Q - How do I request additional funds?
Call your Spectrum Mortgage Advisor at 877.253.4377 or contact Liz DeMelo

Spectrum Found me a Mortgage Lender