Home Buyers
High Ratio Mortgages and Mortgage Default Insurance
A high ratio mortgage is where the borrower’s down payment is less than 20% of the property’s purchase price. In Canada, such mortgages require
November 24, 2023
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Mortgage Factory is a mortgage brokerage that helps homeowners and buyers secure the best financing options from top lenders across Canada, all in one place.
We know that all lenders are not created equal – there are different products, qualifying criteria and fine print. That’s why we tailor our approach to ensure you get the right mortgage.
Our expert knowledge will help you find the perfect mortgage for your needs. From start to finish, we guide you every step of the way so you can be confident that your investment is secure and on track toward being mortgage free.
Mortgages for prospective homebuyers. Those who are purchasing their first home and those who are moving into another home or investing.
Mortgages for homeowners who are renewing or refinancing for their next big project or looking to save on interest.
Our Mortgage Lenders specialize solely in mortgages. This means a low competitive interest rate for you. We have a network of Credit Unions, that offer unique mortgage options and brick-and-mortar banks to offer our clients even more mortgage options. With more lenders, we have more options that suit you.
Mortgage Factory has an extensive network of Canadian banks and lenders to secure your mortgage and get the best rate, privileges, and perks. Our streamlined process ensures a great experience that saves you time and money.
At Mortgage Factory, we’re committed to building strong relationships with our clients. We seek talented and passionate professionals dedicated to providing the best possible service.
We believe in empowering our employees to pursue their ambitions and reach their full potential. If you’re looking for a challenging and rewarding career, join us at Mortgage Factory!
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Legal Disclaimer
¹ The lender offers personal lending products and residential mortgages and is subject to those lending criteria, terms and conditions. Offers may be changed, withdrawn or extended at any time without notice. Interest rates are provided for information purposes only.
² OSFI’s guideline B-20 sets the minimum qualifying rate for mortgages. It is the greater of the contractual mortgage rate plus two percent or the five-year benchmark rate published by the Bank of Canada.
³ Bank of Canada’s published rate values.
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