Disclosure

Last updated: October 8, 2026

Business address

MortgageSolvers · 730 58 Ave SW, Calgary, AB T2V 4Z5
437-826-0932 · info@mortgagesolver.ca

Licensing

Operating under Brokerage 12830, Pineapple Financial Inc. (FSRA), 5343 Dundas St W, Suite 601, Etobicoke, ON M9B 6H8.

Ontario: Anahat Virk, Licensed Mortgage Agent Level 2, Lic. ON-M24000368 (verify with FSRA).
Alberta: Ethan Pushpakaran, Alberta Licensed Associate, Lic. AB-00136330 (verify with RECA).

Rates & fees

Interest rates range from about 4.5% for bank refinances to 15% for private second mortgages, depending on the lender, your equity and your credit. Private and second mortgages usually carry a lender fee of 1%–4% and a brokerage fee of 1%–2% of the loan amount, deducted from the advance; legal and appraisal costs are extra. Maximum APR: 21.75%. Every cost is disclosed to you in writing before you sign. Completing this questionnaire and speaking with an advisor are free.

Loan terms

Terms range from 12 months to 5 years. Private and second mortgages are usually 12-month, interest-only terms; bank mortgages amortize over up to 30 years.

Representative example: a $100,000 private second mortgage at 11.99% interest-only for 12 months, with a $2,000 lender fee (2%) and a $1,500 brokerage fee (1.5%), has monthly payments of $999.17, total interest of $11,990, total fees of $3,500 and a total cost of borrowing of $15,490, an APR of 15.80%. The $100,000 principal is due at the end of the term, when it is usually renewed or refinanced. All mortgages are subject to lender approval (O.A.C.).