Getting pre-approved and qualifying for a home loan
Getting pre-approved and qualifying for a home loan
Where you’ll get home financing
You can find a true quantity of various sources for mortgages.
Mortgage brokers
Mortgage brokers provide cash straight to you.
Mortgages can be found from various kinds loan providers, such as for example:
Banking institutions
Caisses populaires
Home loan organizations
Insurance providers
Trust businesses
Loan providers
Credit unions
Various loan providers could have various rates of interest and conditions for comparable items. Communicate with a few loan providers to produce certain you’re obtaining the mortgage product that is best for your needs.
It’s important to be comfortable with the lender and the mortgage options they offer you right from the start although you may decide to switch lenders later. You a prepayment penalty if you switch lenders after signing your mortgage contract, your lender may charge.