Rozil shops 70+ lenders through Clover Mortgage: banks, credit unions, monoline lenders, B-lenders, MICs, and private. Products depend on the file. Nothing here is an offer to lend.
Purchase
First mortgage / home purchase
For buyers shopping a primary home, rental, or second property in Ontario who need a clear budget before they write an offer.
It fits when you want pre-approval numbers, insurer rules for a smaller down payment, and a closing-cost checklist so the deal is not a scramble.
Pre-approval is a snapshot of income, credit, and down payment—not a promise that a specific property will fund.
Next step: book a short call or start the Apply link with the address (or target city), down payment, and timeline.
Residential page
Insured
Insured mortgages
For purchasers putting less than 20% down on a qualifying home where a default insurer (CMHC, Sagen, or Canada Guaranty) may be required.
Insurance can open doors that a conventional file would close, often with longer amortization options on eligible purchases.
Premiums are real costs—usually added to the mortgage—and property type, price caps, and occupancy rules still apply. It is not “free money.”
Next step: send the purchase price, down payment, and whether the home is owner-occupied so we can map insurer fit before you firm up.
Ask about an insured purchase
Renewal
Mortgage renewals
For homeowners whose term is ending and who received a bank renewal letter—or who are 90–120 days out and want options early.
A stay, a switch to another lender, or a small restructure can all be shopped across Clover’s lender list so the next payment matches what you can carry.
Signing the letter on day one without a comparison often leaves money on the table; penalties and transfer rules still matter if you move.
Next step: upload or forward the renewal letter and your current balance, rate, and maturity date for a side-by-side review.
Review a renewal letter
Refinance
Refinancing and equity takeout
For owners who want a new first mortgage—to change rate or term, pull equity for renovations or investment, or tidy higher-cost debt.
It fits when the break math works, the loan-to-value stays inside lender limits, and the new payment still clears stress-test and debt-service tests.
Break penalties, legal fees, and discharge costs can erase the benefit of a lower rate if you exit early—run those numbers first.
Next step: sketch equity room on the Tools page, then send your balance, rate, penalty estimate, and what the funds are for.
Equity room calculator
HELOC
Home equity loans and HELOCs
For homeowners who need flexible access to equity—lump sum or revolving—without necessarily rewriting the entire first mortgage.
A HELOC or home equity loan can fit renovations, bridging, or ongoing access when the existing first lender (or a blend-and-extend setup) allows it.
Lines are usually variable and interest-only options exist; spending without a repayment plan can raise risk if rates or income shift.
Next step: tell us your first-mortgage lender, remaining balance, estimated value, and whether you need a lump sum or a revolving line.
Talk HELOC vs refinance
2nd / 3rd
Second and third mortgages
For owners who need cash behind an existing first mortgage they prefer to keep—often when a break penalty is steep or timing is tight.
Seconds (and occasional thirds) can bridge a refinance later, fund a deposit, or cover a short gap when equity and title support it.
Rates and fees are higher than a first; the exit plan—sale, refinance, or payout date—matters as much as the advance.
Next step: share first-mortgage details, estimated value, how much you need, and when you expect to repay or refinance.
Discuss a second
Debt
Debt consolidation
For homeowners carrying high-interest cards, lines, or loans who want one mortgage-style payment when equity and income allow.
It fits when the new payment and total cost are clearly lower than today’s minimums—and you have a plan not to refill the unsecured debt.
Rolling debt into the home ties it to your property; if spending habits do not change, the problem can return with less room left.
Next step: use the consolidation sketch on Tools, then send balances, rates, and minimums so we can compare refinance vs HELOC vs second.
Consolidation sketch
Business owner
Self-employed mortgages
For incorporated or sole-proprietor owners whose T1 line does not fully reflect the income the business actually supports.
Some lenders will review bank deposits, corporate statements, Notice of Assessment history, or stated-income-style programs when the file is otherwise strong.
Paperwork is heavier and approval is never automatic—write-offs that help tax can make a bank file look thinner than it feels day to day.
Next step: gather two years of T1s/NOAs (or corporate packages) and a short note on how you are paid, then book a call before you shop hard.
Self-employed file
Credit
Bad credit and B-lender files
For buyers or owners with late payments, collections, a consumer proposal, bankruptcy history, or a thin bureau who still have income and (often) equity.
B-lenders and alternative programs look past A-lender score cutoffs when the overall risk—equity, ability to pay, and story—makes sense.
Expect a higher rate and fees, plus a written plan to rehabilitate credit and step back to an A lender when the file allows.
Next step: be ready to explain the credit events honestly; a soft conversation first, then documents—no hard pull just to chat.
Credit conversation
Private
Private mortgages
For time-sensitive or non-conforming files where banks will not move in time, or the property/income story does not fit A-lender boxes.
Private and MIC funding is usually short-term and equity-based—useful as a bridge to a sale, refinance, or cleaner A/B file later.
Interest and fees are higher; treat it as a bridge with a dated exit, not a 25-year plan.
Next step: send property type, estimated value, existing charges, amount needed, and your intended exit date.
Private options
Urgent
Emergency and last-minute funding
For files under real pressure: power-of-sale risk, a collapsing firm deal, a closing date that moved, or a lender that pulled away late.
When title is clean, equity is clear, and documents arrive complete, some private or alternative files can fund in a day or two—many still need a couple of weeks.
Speed depends on circumstance, not a stopwatch; nothing here is a 24–48 hour guarantee.
Next step: call or WhatsApp with the deadline, property address, and what has already been ordered (appraisal, lawyer, payout statement).
Urgent file
Retirees
Reverse mortgages
For eligible older Ontario homeowners who want tax-free cash from home equity without a required monthly mortgage payment.
It can fit when keeping the home matters more than leaving maximum equity, and other options (downsizing, HELOC, refinance) have been weighed.
Interest still accrues and reduces equity over time; this is a product with real trade-offs—family conversation and independent advice first.
Next step: share age eligibility questions, estimated value, existing mortgage balance, and what the funds are meant to cover.
Reverse mortgage questions
Also available
Commercial inquiries
For owner-occupied offices, mixed-use buildings, small retail, and some investment properties where a residential product is not the right box.
Commercial is handled case by case through Clover’s network—not a full public menu on this site—and terms depend on use, cash flow, and property type.
Expect more financial disclosure than a home purchase; nothing here is an offer to lend.
Next step: email a short snapshot—property type, use of funds, estimated value, and recent financials—then book a call to see if a lender path exists.
Contact us about commercial
