Is True North Mortgage a lender?
Dan: Yes, we are a CMHC-approved lender, and yes, we have more than one funder as required. This designation we have allows us to underwrite and sell mortgage directly to funders/investors. Any mortgage issued by THINK Financial is sold to a funder in much the same way as First National or MCAP operates.
Is True North trustworthy?
True North Mortgage is one of the most reputable and highly rated mortgage brokers in Canada. It has a team of dedicated experts who will source the best rates for your mortgage and help guide you through the application process when you find your ideal lender.
Who owns True North Mortgage?
Dan Eisner As Founder and CEO of True North Mortgage, Dan is a mortgage industry innovator and an entrepreneurial machine, to say the least. He has always believed that Canadians with good credit deserve better interest rates on their mortgages.
Who is Dan Eisner?
Eisner is founder of True North Mortgage, which operates three mortgage firms in Canada – two in Calgary and one in Toronto. But despite his stated drive, these impressive career stats didn’t come easy to the 35-year-old businessman.
How long has True North Mortgage been in business?
True North Mortgage is a retail store-based mortgage brokerage established in 2006 in Calgary by Dan Eisner.
How does a mortgage broker get paid?
In most cases, mortgage brokers are paid an upfront commission and a trail or ongoing commission for the business they bring to the bank. These commissions are paid out only once your home loan settles. The commissions themselves are based on a percentage of the loan amount and the LVR .
Is True North Mortgage reliable?
True North is as legitimate as any financial institution, Think financial is owned by them (they used to refer to other lenders in the past, now they refer to themselves). They are based out of Calgary and very present here.
Who owns True North news?
The True North Times
|The front page of The True North Times in September, 2015. News is organized by region and topic.|
|Owner(s)||The True North Times Inc.|
|Launched||14 February 2014|
How do you calculate mortgage affordability?
The rule of thumb is you can afford a mortgage where your monthly housing costs are no more than 32% of your gross household income, and where your total debt load (including housing costs) is no more than 40% of your gross houshold income. This rule is based on your debt service ratios.
Is it more expensive to use a mortgage broker?
Pricing with mortgage brokers can be just as competitive as a bank, as long as the broker doesn’t take too much off the top. Wholesale rates can actually be much cheaper than retail interest rates you’ll get with banks, meaning a lower monthly mortgage payment.
What is a high ratio mortgage?
A high ratio mortgage is a mortgage loan higher than 80% of the lending value of the property. A conventional mortgage is a mortgage loan up to a maximum of 80% of the lending value of the property.
Why Choose True North Mortgage Winnipeg?
Our brokers know your area the best. That’s what makes True North Mortgage one of the top-rated mortgage brokers in Winnipeg. Every situation is unique, and our brokers are here to offer 5-star customer service along with the best mortgage rates. Our large network of lenders allows us to benefit from significant volume discounts.
Where can I get the best mortgage in Atlantic Canada?
At True North Mortgage, we can offer the best mortgage rates possible in Atlantic Canada, and we are so confident in our mortgage specialists that if you find a lower rate on a similar mortgage, we’ll beat it or give you $500 cash. Apply now for your lowest possible rate.
Where can I get the lowest mortgage rates in Canada?
Best Rates in Canada, Guaranteed. True North Mortgage guarantees you the lowest rate for the purchase of your Primary residence in Canada. You won’t find a lower mortgage interest rate anywhere! Shop and Compare. If you find a better rate we’ll beat it or give you $500.
Why choose Johnson & True North?
I would recommend Johnson and the True North team to anyone, they are really top notch. The pleasure is ours! Thank you for reaching out. We’re thrilled to know Johnson was able to help you with your mortgage needs and guided you throughout the entire process. He works hard to ensure a positive experience. Hope to work with you again in the future.