A term is the length of time your mortgage or HELOC is provided to you at the interest rate, or interest rate calculations without any changes, other than to the interest rate if you are on a variable term loan. 

The interest rate is calculated daily on the balance owing. 

Second open mortgages offer up to 80% LTV—helping borrowers manage flexible repayment terms.

We may lend up to 80% loan-to-value depending on file qualifications and underwriting review.

We close in 7 to 10 days on average and offer faster options with rush closing service.

Rush closing is available—most files fund in just 2–4 days with expedited service.

We provide commercial mortgages on a case-by-case basis. Contact us to discuss your project.

We are not a MIC; we operate under a GP/LP financial structure regulated by Canadian investment standards.

We are structured as a financial entity, not a MIC, and serve investors and borrowers nationwide.

We require a full appraisal from an approved appraiser to ensure accurate property valuation.

Our mortgage solutions include HELOCs, fixed, and open loans in multiple lien positions.

Broker fees for HELOCs must not exceed 75% of lender fees per investor guidelines.

We lend behind reverse mortgages if permitted by the original lender—contact us to learn more.

Yes, we can fund behind CHIP reverse mortgages—ideal for leveraging existing home equity.

We do not pay referral fees. Brokers must include their own fee agreements with clients.

Lender fees and broker fees are billed separately—ensure clarity with your client agreements.

We consider power of sale properties with flexible lending options tailored to risk.

Spousal consent is required even if not on title due to legal implications in Canada.

Canadian law requires spousal consent—even if the husband is not listed on title.

Spousal consent must be provided by any legal partner not on title for a mortgage to be approved.

For refinancing, you need an application, credit report, appraisal, tax bill, and mortgage statement.

Purchasing a home? Submit a credit report, application, MLS listing, and purchase agreement.

Get a Letter of Intent in under two hours when you submit the complete required documents.

Commitments are issued promptly after the LOI is signed and conditions are returned.

We review your application, issue LOI, finalize appraisal, then send commitment and legal instructions.

Our lender lawyers coordinate directly with borrower’s lawyers after instruction letters are sent.

Broker fees are paid by the solicitor during transaction disbursement.

Broker payments are issued to licensed mortgage brokerages only.

LOI or Letter of Intent is issued within 2 hours of document receipt and initial review.

Visit www.greenlightcapitalcanada.com to learn more about our mortgage offerings.

Call us at 416-931-5626 to speak with our lending specialists.

Email us at deals@greenlightcapitalcanada.com for inquiries or document submission.

Visit our Waterdown office at 293 Dundas Street East, Unit 1, Ontario.

A term is the length of time your mortgage or HELOC is provided to you at the interest rate, or interest rate calculations without any changes, other than to the interest rate if you are on a variable term loan. 

HELOC funds are provided by Electronic Funds Transfer directly to your bank account on file the same day if requested before noon (12pm EDT) or the next business day if requested after noon (12pm EDT) through your secured portal. 

A HELOC is similar to a mortgage in that it is secured against your property and has repayment terms, although interest only payments, due each month based on the balance outstanding on your HELOC.

- Yes, a HELOC is secured against your property.

Once set-up, the HELOC has an annual administration fee of $500 in addition to the interest charged on the balance outstanding.

The interest rate is calculated daily on the balance owing. 

This information is provided instantly via the client portal, or monthly by viewing your monthly HELOC statement.

 There are no penalties for paying off your HELOC.

 We do not have any income requirements.

You may still obtain a HELOC which can be a valuable credit repair tool.  Your mortgage agent or broker will work with you to formulate a plan in order to help you improve your credit over time.

You cannot borrow more than your credit limit.  However, if you require more funds and if your property has increased in value, we may look at reissuing your HELOC to you for a higher amount.  We would advise you speak to your licensed mortgage agent or broker to find out if you would be eligible for an increase.

This is so we can accurately determine the value of your property and how much credit limit we can provide you for your HELOC.  This also shows us the condition of the property at the time the appraisal is completed.

Our HELOCs offer up to 75% loan-to-value, giving Canadian homeowners flexibility to access home equity for personal or financial goals.

Our LIFT HELOC product offers up to 75% loan-to-value, designed for Canadians seeking high-limit home equity financing with trusted lender support.

We lend up to 75% LTV for MINT HELOCs.

We lend up to 75% LTV on MINT HELOCs—ideal for smaller home equity needs across Canada.

We offer up to 80% LTV for first fixed mortgages, helping Canadian homeowners secure competitive financing.

Our second fixed mortgage products allow up to 80% LTV, supporting diverse borrower needs.

First open mortgages can reach up to 80% LTV with flexible repayment terms for Canadian borrowers.

Second open mortgages also allow up to 80% LTV, suitable for a variety of financial goals.

Our HELOC solutions provide up to 75% LTV—unlock home equity with flexible borrowing options.

LIFT HELOCs offer up to 75% LTV—designed for borrowers needing higher-limit home equity lines.

MINT HELOCs provide affordable financing with up to 75% LTV—perfect for modest equity access.

Our first fixed mortgage offers are available up to 80% loan-to-value in Canada.

Second fixed mortgages are accessible up to 80% loan-to-value—ideal for refinancing or secondary property needs.

Open first mortgages provide up to 80% loan-to-value and payment flexibility for Canadian homeowners.

Broker fees can match lender fees in some cases, but limits apply depending on investor terms.