Q. Are there major differences between mortgage products available in the market?
A. Canada has an extremely diverse mortgage-product market due to the increasing number of financial institutions and active private lenders. The most common mortgage is a residential purchase mortgage, but there are many other types of mortgages each designed to suit your particular situation including: fixed rate, variable rate, high-ratio, collateral, home equity lines-of-credit, second and third mortgages, hybrid mortgages, construction mortgages, stated-income mortgages, mortgages for new immigrants, investment property mortgages, and many more.
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Michael Sato | 604.779.1517