Lender History:
Eclipse Mortgages was created as the alternative lending division of MCAP - Canada’s largest monoline mortgage lender. Backed by the same parent company as RMG Mortgages, Eclipse was designed to serve borrowers who fall outside traditional lending guidelines, without losing access to competitive rates or professional underwriting. With deep industry roots and institutional funding, Eclipse offers borrowers a more strategic path through the B lending space - including the opportunity to graduate back to prime.
Lender Niches
Most alternative lenders charge sky-high rates and trap you there. Eclipse isn’t one of them. As the alternative arm of industry giant MCAP, Eclipse is a rate-focused alt lender with one mission — to get you approved and help you graduate to prime.
Whether you're self-employed, building a rental portfolio, or in need of a stepping stone before qualifying with an A lender, Eclipse offers tailored programs to help. And if you meet their criteria, their rates are often far better than the average B lender.
Factors to consider:
Eclipse Mortgages gives you:
Better-than-typical alt rates (if you qualify)
Programs for business-for-self, rental income, and recent credit challenges
A clear path to “graduate” to MCAP or RMG’s prime lending options
This isn’t just an approval. It’s a strategy.
Contact Information and Links for Eclipse Mortgages:
Head Office Location:
Mortgage Servicing Centre
P.O. Box 351 STN C
Kitchener, ON N2G 3Y9Contact Information:
Phone (English): 1 866 800 4002
Phone (French): 1 800 889 2492
Fax: 1 855 875 6632
E-mail: service@mcap.com
