Last updated: November 5, 2026
Business address
MortgageSolvers, 730 58 Ave SW, Calgary, AB T2V 4Z5 · info@mortgagesolver.ca · (587) 952-6991
Licensing
MortgageSolvers operates under Brokerage 12830, Pineapple Financial Inc. (FSRA), 5343 Dundas St W, Suite 601, Etobicoke, ON M9B 6H8.
Alberta: Ethan Pushpakaran, Alberta Licensed Associate, Lic. AB-00136330 (verify with RECA), regulated by the Real Estate Council of Alberta.
Ontario: Ethan Pushpakaran, Lic. M22000276 (verify with FSRA), regulated by the Financial Services Regulatory Authority of Ontario.
We are a mortgage broker, not a lender. We arrange financing with third-party lenders.
Rates and fees
Interest rates range from about 4.5% for bank refinances to 15% for private second mortgages, depending on the lender, your equity and your credit. Private and second mortgages usually carry a lender fee of 1%–4% and a brokerage fee of 1%–2% of the loan amount, deducted from the advance; legal and appraisal costs are extra. Maximum APR: 21.75%.
Before you commit to anything, we give you a written disclosure of every cost of your mortgage, including the interest rate, the annual percentage rate (APR), lender fees, brokerage fees and any other charges. Reviewing your options and speaking with an advisor are free.
Loan terms
Terms range from 12 months to 5 years. Private and second mortgages are usually 12-month, interest-only terms; bank mortgages amortize over up to 30 years.
Representative example: a $100,000 private second mortgage at 11.99% interest-only for 12 months, with a $2,000 lender fee (2%) and a $1,500 brokerage fee (1.5%), has monthly payments of $999.17, total interest of $11,990, total fees of $3,500 and a total cost of borrowing of $15,490, an APR of 15.80%. The $100,000 principal is due at the end of the term, when it is usually renewed or refinanced.
No offer or guarantee
Any example rates, payments, savings or terms shown on this site are estimates for information only. They are not an offer of credit, and approval is never guaranteed. Every mortgage is subject to the lender’s approval of your application, credit and property (O.A.C.), and the actual rates, fees and terms you are offered may differ.
Site content
This site’s content is general information, not financial, legal or tax advice. If your property is in Alberta, the laws of Alberta apply to the brokerage services you receive.