An individual who works for a financial institution or brokerage who specializes in commercial or residential mortgages. Mortgage professionals act as a mediator between the consumer market and lenders.
Straight to Business
- 3y Closed VRM = 3%
- 5y Closed VRM = 2.5%
- 5y Open VRM = 3.8%
- HELOC = 3.5%
Frequently Asked Questions
What is the difference between a conventional and hi-ratio mortgage?
A conventional mortgage is where the down payment is 20% or more. A mortgage is considered hi-ratio if the down payment is less than 20%. In these cases the mortgage will need to be insured by CMHC, Genworth or Canada…