Looking for dependable passive income?

Cash flow that puts you on Easy Street.

Now, you can invest directly in mortgages while we do the work. Access higher interest rates and collect steady, stable returns — every month, stress-free.

Build your mortgage portfolio — and your monthly income.

Select from vetted high-yield mortgages, choosing your return rates and risk level — then sit back while the money rolls in. Invest across multiple properties for reduced risk and balanced returns.

Your passive monthly income doesn't change for the duration of the mortgages invested.

Current Mortgage Inventory

Grade
Rate
Term Left
Property Use
Location
Available
A
Location
N/A Windsor, Ontario
Security
second
Property Use
Owner occupied
Weighted LTV
34.01%
Credit Score
619
Morcado ID
DCEP-MLW7-XZMY
Rate
8.99%
Property Type
Detached
Renewal Date
October 17, 2024
Amount Available
$121,000.00 of $121,000.00
Owner Profile
Our borrower sought a modest second mortgage to alleviate debts incurred while supporting her grandson's pursuit of a hockey career at a prestigious US college. While managing consumer debt, she chose to prioritize timely bill payments over property taxes for the past two years, opting to maintain financial stability. Retired with pensions and government benefits, she initially considered refinancing into a single mortgage. However, recognizing the cost-effectiveness of her existing low-rate first mortgage, she opted for a six-month second mortgage, facilitating a timely transition to downsizing her current residence. With plans to sell and downsize within this timeframe, she aims for a smoother financial transition. We provided a conservative second mortgage at less than 50% loan-to-value ratio, with held back payments, ensuring minimal stress during this period of change. Her financial metrics remain favorable, with consistent payment history and manageable ratios. Despite an average credit score attributed to utilization rather than payment history, she has ample resources to clear outstanding debts and secure a deposit for her next home.
A
Location
N/A Chestermere , Alberta
Security
first
Property Use
Owner occupied
Weighted LTV
51.60%
Credit Score
632
Morcado ID
5CK7-MPAS-6D3R
Rate
8.99%
Property Type
Detached
Renewal Date
May 28, 2024
Amount Available
$34,894.67 of $258,000.00
Owner Profile
The borrowers have had a rough couple of years. They had to take care of a sick family member and deal with some health issues that made their income drop. With their expenses going up and their income going down, they had to work out a plan to pay off their debts in a way they could manage. The borrowers came to the conclusion that a consumer proposal was their best choice. They finished paying it off two years ago and have been doing a good job rebuilding their credit since then. Right now, the wife is working part-time but hopes to be back to full-time work in the next three months. They just finished fixing up their house to sell it and move to a smaller place. They used their credit cards and savings to pay for the renovations. Thinking she'd be back to work full-time by now, the plan was to get a loan from the bank to pay off what they owed and put money back into their savings. However, because she isn’t back to work full time yet, they don’t qualify for the loan they need. Since they can't get a loan from the bank right now, we gave them a loan that's less than 55% of their home’s value. They're planning to sell the house as soon as possible and move into a smaller place that's easier to manage. We made it so they don't have to make payments on the loan until it's paid off, so they can focus on the wife's health and getting the house ready to sell. If they haven't sold it in three months, they'll try to get a loan from the bank because she should be back to full-time work by then.
A
Location
Central Vancouver Vancouver, British Columbia
Security
second
Property Use
Owner occupied
Weighted LTV
45.39%
Credit Score
664
Morcado ID
WW96-M3J8-YVUX
Rate
8.99%
Property Type
Apartment
Renewal Date
March 8, 2025
Amount Available
$57,000.00 of $100,000.00
Owner Profile
Since 2017, this borrower has been running a small business in Vancouver. When Covid-19 hit, she had to close temporarily, and it was tough because she wasn't making any money but still had to pay bills. Even though she faced a lot of debt, she didn't give up. She worked hard to reopen her business after the lockdown and started paying off what she owed. But the high interest rates on her loans were making it difficult. Her plan is to first pay off all her debts, so she doesn't have to worry about high interest anymore. Then, she wants to put money back into her business to make it grow. She has good credit history and lots of equity in the property, so we gave her a one year loan to give her time to get her business back to maximum revenue. By the end of the year, she hopes to either get a better loan from a bank or move to a smaller place without a mortgage.
A
Location
Evanston Calgary, Alberta
Security
second
Property Use
Owner occupied
Weighted LTV
68.96%
Credit Score
641
Morcado ID
5HB8-FT59-Z5LL
Rate
9.99%
Property Type
Detached
Renewal Date
April 2, 2025
Amount Available
$94,949.36 of $110,000.00
Owner Profile
Our borrowers attempted a business venture two years ago, which unfortunately did not succeed, resulting in accumulated debt. They have since decided to close the business and are now focused on settling their financial obligations. Borrower 1 is currently employed in the food service industry while looking for work in his field. Borrower 2 is on maternity leave but will return to her previous job at a dental office within a year. Their credit score is lower, but only due to credit utilization, they have always paid their debts on time. Once the debts are paid off from this loan, the credit score should improve considerably. Upon the borrower's return to full-time employment in his previous field, at a higher pay, they anticipate securing a new loan from a traditional financial institution to settle our loan. We are offering them a one-year loan term with deferred payments, providing them with the necessary time to transition into more stable employment and secure refinancing.
A
Location
N/A Cochrane, Alberta
Security
second
Property Use
rental
Weighted LTV
57.10%
Credit Score
811
Morcado ID
VMY6-224G-EU7E
Rate
8.99%
Property Type
Apartment
Renewal Date
October 16, 2024
Amount Available
$83,927.04 of $212,000.00
Owner Profile
Our borrowers were looking to expand their investment portfolio, so they purchased a condominium with intentions to utilize it as a rental property. They currently co-own a single-family home, which is also a rental, because they are personally renting an apartment in Canmore to be closer to their new business. Because they recently purchased a business in Canmore, they did not have the required documents to qualify for traditional bank financing right away. We offered the borrowers a loan that blankets both the new condo purchase and their existing single family home, giving us a loan-to-value ratio of under 60%. The business was already profitable prior to their ownership, and this trend has continued since their acquisition. The restaurant, a well-established dining destination in the area, further bolsters their financial prospects, instilling confidence in their ability to secure financing within the year. With excellent credit, the borrowers are well-positioned to qualify for financing with an alternative lender before the end of the term of their loan.
C
Location
N/A Canmore, Alberta
Security
second
Property Use
Owner occupied
Weighted LTV
55.38%
Credit Score
625
Morcado ID
A989-T9J9-5YRP
Rate
9.49%
Property Type
Detached
Renewal Date
February 16, 2025
Amount Available
$856,694.65 of $856,694.65
Owner Profile
The borrower is an elderly woman who owns two properties in Canmore on main street with lots of equity. It is a prime real estate location that allows up to 26 units to be built on them. She is currently overseeing the final arrangements of her brother's estate who passed away just after she finished finalizing her husbands estate. She would like to stay in the home she has lived in for almost 50 years until the estate is all settled and she can decide where she wants to move to next. Given the significant appreciation in property values, she is optimistic about the continued upward trajectory of the market. Despite acknowledging the substantial outlay in rates and fees, she firmly believes that the appreciation in property values has more than offset these expenses, positioning her well ahead of where she would be if she had sold in the past few years. While the homes themselves are older, they are well maintained. However, builders will find these two parcels very appealing for the significant number of units allowed to be built on them. We held back 12 months of payments from the loan so the borrower can collect rent from the one unit, plus her pension, which more than covers her monthly obligations without having to worry about this mortgage payment.

Easy to invest. Use cash — or your RRSP, RESP, or TFSA accounts.

You have options. Provide cash funds or move your registered savings account over to Morcado and start investing. You can decide where your monthly returns are deposited.

Rrsp tiles

Get started with $50,000.

The sooner you start, the sooner you can access attractive rates and stable returns — becoming the lender to 'make bank' while we take care of the details. We're working to reduce our minimum to increase access for every investment stage.

Wallet

Absolutely no trading fees.

You read that right. Unlimited, commission-free mortgage purchases, inside your registered investment account or out. Low annual fees — with no surprises.

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For a limited time, we are waiving the $99 account setup fee. And all annual fees with a minimum $100,000 invested.
See fee schedule
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Welcome to high-yield mortgage income.

Morcado Trust's innovative mortgage platform makes investing in mortgages more accessible and attractive for everyday investors — providing passive income returns to use how you wish.

We've taken our years of experience, stellar mortgage track record, and access to high-yield mortgage loans and opened it up for Canadians like you to take advantage of higher return rates compared to GICs or MICs.

Morcado mortgages can be a smart choice if you're seeking regular, predictable income. And, it's a great way to complement your existing investment strategy, especially for medium-term goals.

Well, hello, money in your account every month.

(While we take care of the behind-the-mortgage details.)

The key benefits of direct Morcado mortgage investment that puts passive income in your wallet:

  • Higher returns. High-yield mortgage products are used by many Canadian homeowners and offer higher rates for your investment.
  • More cash. We help you 'become' the lender for less fees and more 'interest rate' in your pocket compared to other real-estate-based investments, such as pooled MICs.
  • Less stress. Fully funded and vetted, we don't offer a mortgage until it's put through our stringent process — over and above what it was subjected to for lender approval. All you have to do is build your mortgage portfolio based on your risk-reward preference.
  • Better control. Rather than relying on a corporation to decide your passive income instalment — the rate you see on our platform is the return rate you get for that mortgage.
  • Dependable payments. Your returns don't fluctuate and are set for the duration of the mortgages selected.
  • Spend your passive income, or save it. Whether you invest through a registered savings account or a non-registered account, you can decide to use your returns or let them build up in your tax-sheltered vehicle.
  • Hands free. We collect the mortgage payments, connect with the borrower, and manage the admin for you.
Start earning passive income today.

Book a time that works for you. An Investment Advisor will help you set up your account.

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Catch the latest on product tweaks (like a lowered investment minimum) and investment trends.