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Mortgages in Canada



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A mortgage is a credit or loan obtained to pay for the purchase of property, specially a house. In relation to the size of the loan the lender will generally accept security to cover himself/herself in the event of nonpayment of mortgage installments; usually they will keep the deeds of the house for this purpose.

The most important thing to consider when you seek for the best mortgage deals for buying a new house is how much you can pay on a monthly basis. Take into account eventualities, what would occur if mortgage interests rates rise to 10% or 15%, what would occur if you lose your job or you are incapable of working?, you should meditate the advantages and disadvantages of obtaining a fixed rate loan over a long period rather than a variable rate loan which follows interest rate fluctuations. Remember to factor in any relevant insurance to cover against unforeseen contingencies.

Once you know how much you can spend, you can start looking for properties which will fit in your price range, and you will be able to come to an agreement with your lender from the very beginning.

Mortgage Companies:

Lending Max

Lending Max Obtaining a mortgage can sometimes be daunting and complicated, it is our mission at Centum LendingMax Corp to provide you, our client, with a quick, easy and understandable way of getting a mortgage loan. By shopping the mortgage market using our proprietary technology, an answer to your mortgage application is almost instantaneous. We are the first company in Canada to offer this type of online service.

Website: Lending Max

Mortgage Alliance

Mortgage Alliance Our main objective is to deliver value to the mortgage consumer. As the largest Independent brokerage in Canada, Mortgage Alliance has a simple mission and vision. We are an independent team of mortgage professionals that has achieved national presence through the recruitment and development of entrepreneurial people. You can rest assured that your Mortgage Alliance professional has the expertise to get you the Right MortgageŽ

Website: Mortgage Alliance

Discount Mortgage Canada Inc.

Discount Mortgage Canada Inc. We are a mortgage broker agent with Discount Mortgage Canada Inc. Our partnership with this Ontario Mortgage Broker allows us to service the residential mortgage needs of clients for purchase, renewal, refinance, debt consolidation and construction within Ontario and through a network of mortgage broker partner's throughout Canada. We strive to build a mortgage alliance by offering our clients mortgage intelligence through direct communication, personal service and integrity. We want to be your Canadian mortgage centre.

Website: Discount Mortgage Canada Inc.

Mortgage Intelligence

Mortgage Intelligence At Mortgage Intelligence, we offer smart mortgage solutions, and then customize them to suit you. As part of our commitment to service excellence, we've developed a wide and exclusive range of our own mortgages, to meet a variety of needs. We also have access to over 30 competing banks, trust and life insurance companies, so we are able to find and negotiate the best mortgage - and the best rate - for you.

Website: Mortgage Intelligence

Genworth

Genworth We're Genworth Financial Canada, The Homeownership Company, the country's largest private sector supplier of mortgage default insurance. Together with our related affiliates, we are the largest private sector mortgage default insurance company in the world.

Website: Genworth

Mortgages Guide

Mortgages Guide A mortgage represents a loan or lien on a property/house that has to be paid over a specified period of time. Think of it as your personal guarantee that you'll repay the money you've borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. Make sure you select the mortgage that is right for you, your future plans, and your financial picture.

Website: Mortgages


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