Special mortgages
Now that you’re ready to start shopping for a mortgage, it’s important to note that there are a few cases in which you should be looking at getting a special mortgage. If you’re a new Canadian or have a low credit score, you might require one.
Depending on the type of mortgage you’re applying for (second mortgage, private mortgage, bridge financing, etc.) the type of mortgage provider you’ll need may also vary. To find out more about the mortgage you’ll need to purchase your new property, you can check out the pages below within our Special Mortgages Guide.
- continue reading
Bad credit
There are many home loan options available for individuals with bad credit who have been turned down by the major banks...
- continue reading
Condos
Welcome to the Condominium Education Centre, where you will learn everything there is to know about buying a pre-construction, new....
- continue reading
New to Canada
If you are new to Canada and need a mortgage to finance a home purchase, there are a number of decisions you will...
- continue reading
Investment properties
Buying an investment property is a popular option for Canadians looking at different ways to invest their money. However...
- continue reading
Second mortgages
A second mortgage is an additional loan taken out on a property that is already mortgaged. For the lender, this is more risky...
- continue reading
Private mortgages
Private mortgages are short- term, interest-only loans, ranging in length from 1 to 3 years. Interest only loans do...
- continue reading
Self-employed mortgages
With nearly 20% of all income earners in Canada being self-employed (at least part-time), we often wonder why it is so difficult...
- continue reading
Bridge financing
It’s unlikely that the first home you buy will be the home you stay in forever. At some point, you’ll want to sell...