As a matter licensed under the MBLAA and its regulations, we are required to make the following disclosures to you:

a) Our relationship with lenders. Centum Indigo Mortgage Corp. works with multiple lenders, including banks, credit unions, monoline lenders, and, where suitable, private lenders. We are not the agent of any single lender. Where we act, or a related person or entity acts, as both broker and lender (or has a material interest in the lender or property), or where we are receiving compensation from more than one party to a transaction, this will be specifically disclosed to you in writing before you enter into a mortgage agreement, as required by Ontario Regulation 187/08 and Ontario Regulation 188/08.

b) How we are compensated. Centum Indigo Mortgage Corp. and its brokers/agents are typically compensated by the lender, in the form of a finder's fee, commission, or similar payment, once a mortgage is funded. In some circumstances (for example, certain private mortgage transactions), a fee may also be charged directly to you. Any fee payable by you will always be disclosed to you in writing, including the amount or how it is calculated, before you agree to pay it. You are entitled to ask your broker or agent for details of how they are compensated on your specific transaction.

c) Cost of borrowing disclosure. Before you sign a mortgage commitment, we will provide you with a written disclosure statement setting out the cost of borrowing and other required information, in accordance with Ontario Regulation 188/08. For most mortgage transactions, this disclosure must be provided within a legislated waiting period before you are asked to sign, so that you have a reasonable opportunity to review it. Ask your broker/agent about the specific timelines that apply to your transaction.

d) Private mortgages and higher-risk products. Private mortgages, second mortgages, and certain alternative lending products may carry higher interest rates, lender/broker fees, and shorter terms than conventional institutional mortgages. Where applicable, additional risk disclosures and, in some cases, independent legal advice, are required before you proceed. We will identify these requirements to you where relevant.

e) Reverse mortgages. Reverse mortgage products allow eligible homeowners to borrow against home equity without regular payments; however, interest accrues and compounds over the life of the loan, which reduces the equity remaining in the home over time and may affect your estate. Lenders offering reverse mortgages generally require applicants to obtain independent legal advice before signing. We encourage anyone considering a reverse mortgage to review all costs, risks, and alternatives carefully, and to seek independent legal advice.
f) No guarantee of a particular outcome. While we work to find suitable options based on the information you provide, we do not guarantee that any particular lender, rate, or mortgage product will be available to you, or that your application will be approved.
Nothing in this section limits or replaces the formal, written disclosures you are legally entitled to receive from us during an actual mortgage transaction. This Site is not a substitute for those disclosures.