Our guide to Marathon Mortgage mortgages
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When it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?
There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"
Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at Marathon Mortgage mortgages and their current rates.
About Marathon Mortgage
Marathon mortgage is a national Canadian mortgage lender who helps independent home-buyers and professional mortgage brokers. What makes Marathon Mortgage different is their dedicated customer service department. They offer competitive mortgage interest rates and a wide variety of terms and flexible payment options.
Our review of Marathon Mortgage
The Marathon Mortgage website has a clear page explaining all their products and lending guidelines. You have the choice of a variety of payment options: monthly, weekly, bi-weekly, accelerated weekly & accelerated bi-weekly. On the Marathon Mortgage website, there are three different types of mortgage calculators available to you, allowing you to determine your future mortgage financing plans.
Marathon Mortgage mortgage pros and cons
Here are some of the advantages and disadvantages of Marathon Mortgage mortgages:
Why Marathon Mortgage might be right for you:
Competitive rates
Variety of mortgage calculators available
Seven different types of mortgage products
Why Marathon Mortgage might not be right for you:
No in-person contact
There is only one branch located in Toronto
To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!
Compare mortgage rates now
What types of mortgages does Marathon Mortgage offer?
Below is a table showing some details about the different mortgage plans Marathon Mortgage offers. Most providers will offer a variety of mortgage options.
| Feature | About |
|---|---|
| Types of mortgages |
|
| Apply online? | |
| Online calculators? | |
| Competitive rates? |
What mortgage rates does Marathon Mortgage offer?
There are two main types of mortgage rates in Canada: fixed and variable rates.
Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.
Below are some of the mortgage rates Marathon Mortgage offers:
Term | Rate |
|---|---|
5 Year Fixed Rates - 45 Day Rate (Insurable) | 2.84%-2.99% |
3 Year Fixed Rates - 45 Day Rate (Insurable) | 2.26%-2.84% |
Uninsurable Mortgage Rates (Max. LTV 80%) | 3.24% |
Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.
Compare mortgage rates now
How do I contact Marathon Mortgage?
You can contact Marathon Mortgage at:
Head Office
40 University Avenue Suite 507 Toronto, Ontario M5J 1T1
Phone
Local: 416-603-6060
Toll Free: 1-855-503-6060
Fax
Local: 416-202-6585
Toll Free: 1-855-403-6060
Email
[email protected]
Office Hours
Monday through Friday 9:00 AM – 5:00 PM
Our Marathon Mortgage mortgage calculator
Want to calculate what your Marathon Mortgage mortgage will look like? We have some tools right here on our website that can help:
Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.
Our mortgage affordability calculator will help you determine how large a mortgage you can get.
Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance
