Frequently Asked Questions

- What is Fimax?

FIMAX Capital Corporation is a FSCO licensed lender for mortgages.

- Why Fimax 2nd Mortgage?

We approve those mortgages that other financial instituions won't approve.

- What is the application process?

Refer to the application for more details.

- What are the costs to the the borrowers?

a) Lender fee (refer to products and rates)
b) Legal fee
c) Appraisal fee

- What about commissions and finder fees?

Since we are approving those applicants that other financial institutions have declined, you must collect your own fee from the borrower. However, in the future we will provide commission according to the credit scores.

- What type of income verifications do you require?

Unlike banks and other financial instituions that verify the borrower's personal income, we approved clients with a completed application, which states the borrower's income and assets with the credit report. FIMAX also welcomes self-employees.

- How can my clients renew their mortgage with Fimax?

If there are no default payments until the maturity date and if it is in good standing, the mortgage will generally be renewed at the same rate.

- Does Fimax provide a bridge loan?

Yes, we provide a bridge loan to the applicant as a short term open mortgage.

- Which appraisal companies does Fimax approve?

Please refer to our approved Appraisal Companies.