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MCAP Fusion Mortgage

Mortgages funded prior to November 1, 2023.


MCAP Fusion Mortgages Funded Prior to November 1, 2023

For MCAP Fusion Mortgages funded prior to November 1, 2023, any payment you make against the principal of your mortgage increases the limit on your line of credit on a 1 to 1 basis up to a maximum of 65% of the purchase price or market value of your home.


If You Renew or Refinance Your MCAP Fusion Mortgage, Here is How it Will Work

If you renew or refinance your MCAP Fusion Mortgage as of November 1, 2023, and the total value of your loan is less than or equal to 65% of the purchase price or market value of your home (this is referred to as your loan-to-value, or LTV), your MCAP Fusion Mortgage will work as did before November 1, 2023.

If your combined LTV is between 65% - 80%, payments to your mortgage principal will increase the available funds on your line of credit on a factor lower than the current 1 -1 basis. The line of credit can reach a maximum of 65% of the purchase price or market value of your home.

Here’s an example* when your total combined LTV is between 65% - 80%:

Before November 1, 2023 As of November 1, 2023
  • A mortgage payment that reduces the principal amount of the mortgage by $1,000 will increase the available credit on the line of credit by $1,000
  • A mortgage payment that reduces the principal amount of the mortgage by $1,000 will increase the available credit on the line of credit by $825
  • The remaining $175 will reduce the overall debt and cannot be accessed

*This example is for illustrative purposes only and may not apply to your specific MCAP Fusion Mortgage.



How does the MCAP Fusion Mortgage work?

Payment flexibility

The MCAP Fusion Mortgage provides homeowners with payment options that match their needs and cash flow.

  • Choose a Payment Schedule

    for the amortizing portion of the MCAP Fusion Mortgage that fits your lifestyle — monthly, semi-monthly, bi-weekly, weekly (accelerated)

  • Enjoy Prepayment Privileges

    up to 20% of your original principal amount

  • Increase

    your regular payment by 20%

  • Pay off

    your line of credit at any time without penalty

For savvy homebuyers with ideas for the future, the MCAP Fusion Mortgage lets you plan big.

If you have questions about your MCAP Fusion Mortgage, please contact us at 1-800-265-2624 or email service@mcap.com.

Learn more today

Contact us today to learn more about the MCAP Fusion Mortgage.

Click here to download the MCAP Fusion Mortgage brochure.

Brokers can access the MCAP Fusion Mortgage product sheet on Professor.

Learn More

If you have an MCAP Fusion Mortgage that was funded after November 1, 2023, click here to find out how it works.