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RMG Mortgages

RMG Mortgages, Explained

RMG Mortgages is a broker-only monoline lender — you can’t walk into an RMG branch, because there isn’t one. That’s the point: no branch network to fund means sharper rates and fairer penalties, all on standard-charge mortgages that are easy to switch at renewal. Here’s how RMG works, and how we get you its best pricing.

Quick answer: RMG Mortgages lends only through mortgage brokers — you can’t apply directly. RMG operates on the same underwriting and servicing platform as MCAP (the two are aligned as part of the same lender group), and writes mortgages as a standard charge, not a collateral charge — so switching lenders later is straightforward. We compare RMG’s broker-only pricing against 30+ other lenders so you know it’s genuinely competitive.
Monoline
Broker-only lender — no branches
Standard
Charge mortgage — easy to switch
Gateway
RMG’s online mortgage servicing portal
30+
Lenders we compare RMG against

Why choose a monoline like RMG?

RMG is a monoline lender — a mortgage-only company with no bank branches, tellers or retail overhead to fund. That structure translates into real advantages for borrowers:

  • Sharper rates. Without branches to staff, RMG can price mortgages more aggressively than a full-service bank.
  • Fair penalties. Monolines like RMG don’t rely on inflated “posted” rates to calculate prepayment penalties the way some big banks do, which tends to make breaking a term less costly.
  • Standard-charge mortgages. RMG registers mortgages as a standard charge, not a collateral charge — so switching lenders at renewal is simpler and cheaper.
  • Broker-only access. You can only get an RMG mortgage through a licensed broker — that’s us. There’s no branch to shop against, so the rate we get you is the rate.

Who is RMG Mortgages?

RMG Mortgages is a broker-channel monoline lender. It’s aligned with MCAP — one of Canada’s largest independent mortgage finance companies — and RMG mortgages are underwritten and serviced on the same platform as MCAP’s, giving it the stability and infrastructure of a large lender group with the broker-only pricing model of a monoline. Because RMG doesn’t deal directly with the public, an independent broker is the only way in.

RMG’s mortgage line-up

The main products we place with RMG
ProductWhat it isBest for
Fixed-rate mortgageRate locked for the term you choosePredictable payments and peace of mind
Variable-rate mortgageRate moves with RMG’s prime rateFlexibility and betting that rates ease
Standard-charge mortgageRegistered for exactly the mortgage amount, not moreStraightforward switching or refinancing at renewal
Competitive broker pricingRates only available through the broker channelBorrowers who want a sharp rate without branch overhead

Fair penalties and easy switching

One of the most overlooked reasons to consider a lender like RMG is what happens if your plans change. Because RMG uses a standard-charge mortgage, moving to a new lender at renewal — or refinancing before then — doesn’t usually trigger the lawyer-and-discharge process that a collateral charge can involve. And because RMG is a monoline without an inflated posted-rate structure to lean on, its prepayment penalties tend to be calculated in a straightforward way. None of this replaces reading your specific commitment letter — we’ll walk you through exactly what you’re signing before you sign it.

How a Calgary mortgage broker helps with RMG

RMG doesn’t take calls from the public — a broker is the only door in. Coming through us gets you RMG’s pricing compared to everyone else’s:

  • RMG is broker-only — we’re literally your only path to its rates.
  • We put RMG head-to-head with 30+ banks and monolines on rate and penalty structure.
  • We explain the standard-charge structure and RMG’s Gateway servicing portal before you commit.
  • It’s free, with no credit hit to start and no obligation.

Mortgage Application

Get RMG’s best rate — and the alternatives — in one place

  • 2-minute form
  • No credit check to start
  • Bank-level encryption
  • No obligation

Frequently asked questions

Can I apply for an RMG mortgage directly?
No. RMG Mortgages is a broker-only lender — it doesn’t deal with the public. A licensed mortgage broker is the only way to access its rates and products.
Is an RMG mortgage a collateral charge?
No. RMG registers mortgages as a standard charge, registered for exactly the mortgage amount, which generally makes switching lenders at renewal simpler and cheaper.
Who services my RMG mortgage after closing?
RMG mortgages are serviced through RMG’s Gateway online portal, on the same underwriting and servicing platform used by its aligned lender group, MCAP.
Are RMG’s rates competitive?
As a monoline with no branch network to fund, RMG can typically price more aggressively than a full-service bank. We compare its broker-only pricing against 30+ other lenders to confirm it’s genuinely sharp for your file.
Can I switch away from RMG at renewal?
Yes — because RMG uses a standard charge rather than a collateral charge, switching to a new lender at renewal is typically straightforward.

Thinking about an RMG mortgage? Let’s compare it to the field

We’ll get you RMG’s sharpest pricing and show you what every other lender would do — then you decide. Apply online in about two minutes, or book a no-pressure discovery call.

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This article is general information, not financial, mortgage or legal advice. Lender products, rates, features and penalty structures vary, are subject to change and depend on lender approval. RMG Mortgages is not affiliated with Mortgages for Less and no endorsement is implied. Please speak with a licensed mortgage professional about your specific circumstances. Mortgages for Less with INDI Mortgage.