Choosing the Right Mortgage

There are so many variations available in financing products that choosing the right mortgage can be difficult. The certified mortgage brokers at Canadian Mortgages Inc. are here to offer you a wide selection of financial options and the mortgage advice you need to make your choice.

How a CMI Mortgage Broker Helps With Choosing the Right Mortgage

CMI mortgage brokers have access to a range of mortgage products from a variety of lenders. We do not work for these lenders. Instead, we work for you. We investigate mortgage rates and negotiate terms to come up with a selection of mortgage options that suit your unique financial situation.

Because we work for you and not a financial institution, we are able to offer valuable objective advice about the mortgage products on offer.
All CMI mortgage brokers are AMP accredited.Our mortgage services are fully insured and offered to you at no charge.

Leading Mortgage Lenders

When choosing the right mortgage, the selection of lenders and terms can be overwhelming. As your mortgage broker, we do the work of finding lenders for you.

Our network ranges from the largest banks to smaller private lenders. When preparing your mortgage, we research and select from over 250 lenders and more than 2,000 mortgage products. All of this selection means that you are sure to obtain a mortgage with the best terms and conditions for you.

CMI’s lending partners include banks, insurance companies, investment trusts and corporate and private lenders.

Mortgage Terms and Conditions

An understanding of basic mortgage terms is very helpful for choosing the right mortgage. Here’s a brief overview of some of the most common terms.

Amortization Period – the number of years needed to fully pay off the mortgage e.g. 25 years
Term – the length of your current mortgage agreement e.g. 5 years
Fixed-Rate – ensures that the same interest rate is charged throughout the entire mortgage term
Variable Rate – your mortgage interest rate fluctuates based on changes in the market interest rate
Open Mortgage – repayment can be made at any time without a financial penalty
Closed Mortgage – no extra payments or changes in the mortgage can be made before maturity

CMI Is Your Ideal Home Buying Partner

CMI offers the same professionalism and excellent service to all applicants, from first-time buyers with no credit history to borrowers with past financial difficulties.

Mortgage Rates

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