Currently, Ownwell supports First-position, amortizing mortgages.
Not yet supported:
Second or third-position mortgages
Interest-only mortgages
Reverse mortgages
Private mortgages
Home Equity Lines of Credit (HELOCs) - support coming in 2025
Semi-monthly and accelerated weekly payment frequencies - coming April 2025
Note on Multi-Component Mortgages (e.g., TD Flexline, Scotia STEP)
For products that combine a traditional mortgage with a line of credit, like TD’s Flexline or Scotia’s STEP:
Submission platforms typically require brokers to enter the full combined amount - including both the amortizing mortgage and the line of credit - as a single mortgage amount.
Ownwell receives only this total combined amount and has no way to separate the components.
If your client has one of these products, you’ll need to manually adjust the original mortgage amount in Ownwell to reflect just the amortizing portion.