To qualify for a MogoMortgage, you'll need a minimum credit score of 640, a minimum 5% down payment (that's from a legit source, no proceeds of crime), and enough income to make your monthly payments. Lenders will also want to make sure your property is something they feel comfortable securing the mortgage against (aka isn’t 1000 years old and dilapidated). Pretty standard stuff. Don’t worry, our mortgage specialists will guide you through this entire process.
MogoMortgage is offered by Mogo Mortgage Technology Inc. o/a Mogo Mortgage (Ontario: FSRA License No. 12836)