First National Mortgages

First National does mortgages differently. As Canada's largest non-bank provider of single-family residential mortgages, First National offers a wide range of innovative products for homeowners. Their expertise extends into the commercial sector as well, where they offer a broad selection of mortgage options for multi-family, retail, industrial, office, and mixed-use buildings.

At Canadian Mortgages Inc.(CMI) we are pleased to offer First National mortgages to our clients.

About First National

First National currently administers over $36 billion in residential and commercial mortgages. The company is known for developing strong partnerships with mortgage brokers and for its superior customer service.

First National chooses to make its mortgage products available predominantly through mortgage brokers like CMI because they believe that brokers have the expertise and skill to find the best mortgage solution for home buyers.

Through First National, CMI is able to offer:

insight into regional markets
fast turnaround times on mortgage applications, with a commitment to review all documentation within 24 hours
online management of your mortgage
wide selection of mortgage options

First National Mortgages for Residential Properties

First National mortgages for homeowners include:

fixed rate mortgages - including the 6-month fixed rate convertible mortgage
adjustable/variable rate mortgages - also known as the Maximizer Plus, with an interest rate below prime
borrowed down payment - allows you to borrow to attain the required 5% down
self-employed - specifically designed for homeowners who are self-employed or who earn a commission-based salary
rental program - special financing options enable borrowers to purchase 1 to 4 unit rental properties
mortgage renewals and refinancing

Homeowners who currently have their mortgage with another lender can move their mortgage to First National easily, with all appraisal, legal and processing fees paid by First National. If you want to switch your mortgage, contact CMI today to learn how.

In addition to low interest rates, First National mortgages:

allow homeowners to pay up to 15% of the principal on any payment date in $100 increments
allow homeowner to double monthly payments on any payment date without penalty
offer a selection of payment schedules – weekly, biweekly, semi-monthly, or monthly fixed
are transferable to another property, based on qualification
compound interest semi-annually, instead of in advance
include an easy-to-use online mortgage management tool

On the commercial side, First National mortgages provide a variety of options for financing multi-family residential and commercial properties, including:

conventional financing
small loans
floating rate financing for up to 24 months to assist with construction and renovation

Find Out More About First National Mortgages

You want flexibility and affordability in your mortgage. First National mortgages offer all of that and more. For more information, contact a CMI broker today or visit our Website and request a free quote.

Mortgage Rates

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