Street Capital Fixed Mortgage Consumer Reviews

Don’t get a variable mortgage with them, they will keep interest rate high even if the overall rates are low. If you will choose to switch then there is plenty of 4500. Very tricky lender.

Absolutely horrible lender I suggest you stay well clear of this mortgage provider. We had a mortgage with this lender a 5-year variable rate mortgage that we were aware of interest penalties if we closed the mortgage out sooner than 5 years. In year 2 we went to Street Capital to say we would like to take a larger mortgage on a more expensive home. We were informed they would have to charge us the penalty to close the current mortgage which would be over $5,000 of interest penalties but then would be happy to provide us with a new mortgage that would be an extra $300,000 more than our previous mortgage. All big Banks we spoke with said they would never charge a customer a penalty when increasing the mortgage amount we qualified for no matter what types of mortgage, conventional, non-conventional or line of credit they were. Therefore, we have gone with one of the big banks for the new mortgage and have had to swallow the $5,000 penalty with Street Capital. I guess they were more interested in their $5000 fee then the $150,000+ interest they would have collected over the next 5 years. Very disrespectful and non-reputable business practice provided by this lending company.