MKG Mortgages · GTA
Rated 5.0 from 268+ Google reviews⭐⭐⭐⭐⭐
Reviewed by Micky Khaneka, licensed mortgage broker
A credit problem does not automatically close off a mortgage, and it does not guarantee one either. The file still needs a property in Ontario, income the lender can read, and a structure that matches the risk. That may be an alternative first mortgage, or a shorter private or second mortgage with a plan to refinance later.
Fees, interest, and the exit are reviewed in writing before anyone signs. Start with the Milton page if the property is there, or bring the decline letter and the mortgage statement to the North York office.
A credit problem does not automatically close off a mortgage, and it does not guarantee one either. The file still needs a property in Ontario, income the lender can read, and a structure that matches the risk. That may be an alternative first mortgage, or a shorter private or second mortgage with a plan to refinance later.
The decline letter, the mortgage or purchase documents, and a recent credit report if you have one. Fees, interest, and the exit are reviewed in writing before anyone signs. This page is not an approval.
Illustrative example
The challenge. One lender had already said no, and the property and the income still had to be read.
How MKG structured it. We compared an alternative first mortgage with a private or second mortgage and wrote the fees and the exit down before anyone signed. That comparison was not an approval.
Illustrative example
The challenge. The credit history was the part of the file a bank would not move past.
How MKG structured it. We kept the property, the income, and the credit in one review and said when a lender might still consider it, and when the file should stop.
Only a lender can approve a mortgage.
Start with the property in Ontario and the income a lender can read. Then compare an alternative first mortgage with a shorter private or second mortgage. The exit is written down before anyone signs. A lender may or may not consider the file.
01
A decline is about that lender's rules. It is not a final answer for every program, and it is not a promise that another lender will take the file.
02
Some files stay with an alternative first mortgage. Others use a shorter private or second mortgage, with a plan to refinance later.
03
Fees, interest, and the way out are reviewed in writing before anyone signs. Only a lender can approve the mortgage.
Bring the decline letter, the mortgage or purchase documents, and a recent credit report if you have one. Start with the Milton page if the property is there, or bring those papers to the North York office.
Bring the decline letter, the mortgage or purchase documents, and a recent credit report if you have one.
Start with the Milton page. New builds and resales are both prepared at the North York office.
Other Ontario files are reviewed from the same North York office. This page is not an approval.
| Path | When it is discussed | What is reviewed |
|---|---|---|
| Alternative first mortgage | A lender may still consider the file | The property, the income, and the credit |
| Private or second mortgage | A shorter term, with a plan to refinance later | Fees, interest, and the exit, in writing |
Published rules change. Read the current page, and confirm tax with your lawyer, before you rely on a figure.
The same service is prepared from the North York office for these communities.
Canadian Mortgage Professional named Micky Khaneka to its Top 75 Brokers list for 2026 (#15 in Canada).
Elite Hall of Fame
Dominion Lending Centres
CMP Top 75 Brokers 2026
Canadian Mortgage Professional
President's Platinum Club – Top 1%
Mortgage Architects
Pinnacle Club – Top 0.5%
Dominion Lending Centres
No, lenders approve mortgages; we review the file and compare programs that may consider it. Give us a call at 905-758-1335.
Bring the decline letter, the mortgage or purchase documents, and a recent credit report if you have one. Give us a call at 905-758-1335.
No, Milton has a local page first, and other Ontario files are reviewed from the same North York office. Give us a call at 905-758-1335.
Let's talk it through. Book a free intro call and we'll give you an honest, realistic take on your options and the strategy we'd suggest. No obligation, no fee.
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