Canadian Mortgages Reviews 

They approved the mortgage and had it funded in a timely manner. Great service and staff.

CMI Mortgage Inc is one of the most shady, crooked mortgage companies in Canada. Their fee schedule is outrageously expensive for anything that you require from them. They charged me $200 for a mortgage statement request. They threatened me with legal action for changing my homeowner's insurance policy from one insurance company to another - I was never uninsured, and they charged me $500!!! They take advantage of the fact that you need help and then they tell you that it's your own fault for signing to those fees. Please do NOT deal with this crooked mortgage company.

This is hands down the most shady company there is. They are pure evil. They have been taken to court numerous times and lost over and over again, and judges have warned them over and over about their shady practices, to the point where they get denied legal costs in an attempt to stop this behavior. My wish is they go bankrupt and are never aloud to victimize anyone again. A client of mine was being charged $30k per month in interest charges on a home purchase. Please do not ever do business with them. There are plenty of good lenders that won't ruin your life like they did to clients of mine.

CMI threatened us with foreclosure well before maturity on a prepaid mortgage. We renewed our contract with an agreed upon monthly deduction. Twice, CMI debited our account for double the amount without our knowledge, approval or consent, in breech of our contract. They never returned any of our calls offering an explanation. They continue to threaten, harass and intimidate us for no reason.

DO NOT BORROW FROM CMI!! THEY WILL ROB YOU OF UNEXPECTED OUTRAGEOUS FEES AT PAYOUT. STAY AWAY!!!!!

Warning About CMI Group, Worst lender

If you take a 6‑month or 12‑month loan from CMI Group, be prepared for serious financial consequences. This company can put you in a situation where you may never return to normal life. Many people end up facing power‑of‑sale on their homes or paying an extra $100,000–$200,000 in unexpected penalties and fees.

The worst part is that you often don’t even realize where these penalties come from until it’s too late. Their lending practices can trap you in a cycle that’s extremely hard to escape.

For your own financial safety, please stay away from private lenders like this. Work only with reputable banks — they are far more reliable, transparent, and regulated.

In May 2023 we purchased our home. With the mortgage holder being CMI.

It was an interest only mortgage for 12 months. In May of 2024 we signed an extension for another 12 months.

In that 12 months we had some financial hardship and I had asked for a payment extension or payment plan for the one month I was told to just pay it and that there was no help. So over the course of a year I paid my payments but they were always going to the previous month so each month was late. Which with CMI it adds up fees (they love their fees). I made a couple lump sum payments and each time the same person told me it wasn’t put towards the mortgage it was put towards fees.

I would also like to add that at one point the same person would call me multiple times per day starting at as early as 5:30 am. They then called my husband said I was a liar and suggested that my husband divorce. I have asked multiple times to have this conversation pulled and sent to me as they are all recorded. They never have.

I spent months working on my refinancing and finally got it together and when I asked for my buy out they told me to get a hold of discharge which I did multiple times. Finally someone replied and said that they would only communicate with our solicitor. When we got the buy out days later there was $35,143.07. This includes remortgage fees that were never signed or agreed upon.

They are charging me over $100 a day since maturity (June 1st) but yet no one will reply to us so again more fees.

I’m now hours away from losing my home because CMI does not want to reply and they are not willing to work with us on anything.

Please beware of this company. It is considering how many people have the same complaints and stories about them trying to take your home.

This company operates on zero ethics and has absolutely zero integrity. There's no job security for the employees to work at CMI, CEO gets up every morning and decides to fire random people even though you're performance is good.

If you wanna live with the fear of getting fired out of no where and wanna have no job security please work for this company and they'll give you reason for it saying "business decision"

Very easy to work with and Barbara Singh was totally amazing. Very helpful and certainly did everything she could to help us. Very professional with a warm and friendly personal touch as well. At no time did we feel that we were being judged or scrutinized over some very poor decisions we made in the past. Would definitely recommend to everyone.