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Does that house that seemed so perfect a few years ago now feel too small for your growing family? Maybe it’s time to move up to a bigger home? “Porting” allows you to take your existing mortgage with you to another property. Upon qualification, you simply pick up the balance and rate on your current home and move it to the new property you are purchasing.

Do you need additional financing for a new property? No problem, MCAP also offers “increased ports”. You can take your existing balance to the new property and we’ll lend you the additional amount required. We will process a new mortgage for you which includes both your previous balance and the additional funds. We often blend interest rates, to help you avoid any potential interest charges as a consequence of breaking your current mortgage prior to maturity.

Are you an ”empty nester“? Is it time to scale back? Once again, no problem. MCAP provides “decreased ports” too. You can take only the portion of your existing balance that you require to the new property. Decreased ports can save you thousands of dollars in potential interest penalties.

We’ve designed MCAP’s “porting” options to save you time and money. Give us a call and find out what we can do for you.


The reasons for renovating are as varied as the individuals who undertake it. Changing lifestyles are often at the root of most renovation projects.

  • A new addition to the family may signal the call for an additional bedroom or play area.
  • As children get older it maybe time to finish the basement with a recreation room, or add another bathroom for those hectic mornings!
  • As the home gets older it may be time to replace older windows with energy efficient ones.
  • As people plan retirement perhaps its time to consider adding on a sunroom, or revamping the outside pool, patio and garden areas.

MCAP allows you to use the equity in your home to complete these renovations. For some, refinancing a mortgage is the solution, for others a Home Account line of credit provides the freedom to renovate.

Click here to find out more about Home Account First Mortgage , Home Account Plus.

Apply to renovate today!

Debt Consolidation

Typically, the interest rate on unsecured debt such as bank or store credit cards, personal loans, and some lines of credit is much higher than the rate of interest people pay on their mortgage.

For many homeowners, it just makes sense to use their available home equity to pay-out this high interest debt. If you have equity built up in your home, here are a few options to consider to become debt-free faster:

  • Mortgage Refinancing
  • Home Account First Mortgage
  • Home Account Plus

Click here to find out more about Home Account First Mortgage , Home Account Plus.

Apply to consolidate today!

Equity Take-Out

  • Have you ever dreamed about a vacation to a tropical paradise?
  • Do you need the funds to pay for your child's education?
  • Would you like to invest more into your RRSP?

If you're like most people, you probably answered yes to at least one of these questions. If you have equity built up in your home, why not borrow against it to finance your dreams? Using the equity in your home, here are two options to consider:

  • Adding this amount into your mortgage can save you thousands of dollars versus putting these charges against your credit card.
  • Using Home Account First Mortgage or Home Account Plus, both of which are terrific home equity lines of credit, gives you the luxury of borrowing money at MCAP Prime so that you can concentrate on the important things in your life!

Click here to find out more about Home Account First Mortgage , Home Account Plus.

Apply to consolidate today!

FAQ - Refinance

What types of refinancing do you provide?
At MCAP, we are committed to providing you, our customer, with the type of refinancing that you need. We have many flexible programs and options, which should meet your requirements. We handle covenant changes, assumptions, debt consolidations, equity take-outs, increased ports, decreased ports, replacements, bridge loans, and others.

I want to refinance my mortgage.  How do I do this?
An application for refinance can be completed over the phone, by speaking with one of our Customer Service Specialists. We can also e-mail an application to your e-mail address. Once your application is submitted it will be reviewed by an underwriter to determine if we can help you with your request.

Are there any costs to refinance my mortgage?
There are several costs associated with refinancing your mortgage. There may be an application fee, an appraisal cost, as well as any additional legal fees that may be charged by a solicitor.

What is an appraisal?
When you refinance your home, we will need to have a current appraisal done on your property. An appraisal is a document showing the value of your home. An appraiser will look at the condition of your home, and your neighbourhood to determine an accurate market value of your property.

I am not sure I would qualify to refinance my home, how can I know for sure?
To be considered for refinance, you must be able to demonstrate that you are able to make your current mortgage payments in a timely manner. Your history with other creditors is also very important to us. You must also demonstrate that you have the income to support the increased mortgage amount. Finally, there must be enough available equity in your property.

How to Apply for Refinancing

MCAP has made applying for any type of refinance quick -- offering two easy methods!

1) Telephone Application: 1-800-265-2624
We’re glad to take an application with you directly over the telephone. In addition to completing the application, our Customer Service Specialists can answer any questions you may have concerning turn-around time, fees, policies, etc. A telephone application takes approximately 25 to 30 minutes.

2) Fax Application: 1-877-469-5016
If you would rather complete an application online, print it out and fax it over, simply click here to fill out the editable PDF.


  1. Open the PDF.
  2. Fill in the editable form fields.
  3. Once complete, go to "File" -> "Save" to save the document for your reference.
  4. Go to "File" -> "Print."
  5. Fax the printed and signed form to 1-877-469-5016.