Mortgage Advice

  Everything You Need to Know About Mortgage Lenders Looking for a lender can be a confusing and challenging process. There are so many companies to choose from, and each one offers slightly different conditions on their loans. While the type of loan you choose is important, it is equally important to choose the right lender. One way to improve your odds is to familiarize yourself with the different types of mortgage lenders that exist and some of the main mortgage products that they offer and specialize in: Retail Lenders Retail lenders can include banks such as Scotiabank, TD Bank, Royal Bank of Canada (RBC), CIBC (Canadian Imperial Bank of Commerce), Bank of Montreal (BMO), Manulife Bank, and more. This group of mortgage lenders also includes credit unions, and trust companies. This type of lender sells mortgages directly to consumers and/or through mortgage brokerages. In addition to mortgages, retail lenders may also offer other services such as personal loans, auto loans, b