Mortgage advisers are gaining momentum.

Today, thousands of agencies across Canada are spreading their client assistance networks in a funded advice format. As you know, the minimum down payment for a mortgage in Canada in 2022 is 5% of the cost of housing, for real estate worth up to $500,000 CAD; from $500,000 to $999,999 the calculation is as follows: 5% on the first $500,000 of the cost and 10% on the remainder. A minimum of 20% is required to purchase real estate worth more than $1,000,000. And these numbers are growing every day. On the basis of the global crisis, mortgage dependence is growing, and supply is growing with demand. This is how little-known, but small businesses operating in this area of ​​​​finance appear, such as: Nicole Turcotte, Mortgage Broker – MA West, Quick Mortgage Vancouver BC, Mulhern Mortgages and many others.As the founder and CEO of Quick Mortgage Vancouver BC Devon Vers commented: “Financial advice in the credit and mortgage market is growing by leaps and bounds, and it is not going to stop. My prediction is that by 2025 the number of such businesses will double its number, and most of which will work online”.
There are two ways to get a mortgage loan in Canada:
  • Coming to the bank
  • By contacting a mortgage broker.
The difference between the two options is that the bank is limited in choosing a mortgage product, while a mortgage broker works with several banks and credit organizations at once. Mortgage broker services are free. Your mortgage broker will help you choose the loan option that best suits your needs. He will be there for you every step of the home buying process and can help you get your mortgage pre-approved from the very first meeting. This material was prepared on the basis of information in open Internet sources.

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