Mortgage Types

There are many types of mortgages in Ontario. Here are the main types of mortgages that individuals request:

  • Residential Mortgages
  • First Time Mortgages
  • 1st Mortgages
  • 2nd Mortgages
  • 3rd Mortgages
  • Debt Consolidation Mortgages
  • Self-Employed Mortgages
  • Poor Credit Mortgages
  • Reverse Mortgages
  • Cottage or Vacation Property Mortgages
  • Investment Mortgages
  • Equity Mortgages
  • Mortgage Renewals

Here are the main types of mortgages that businesses or companies request:

Commercial Mortgages

  • Commercial Mortgage
  • Industrial Mortgage
  • Commercial Plaza Mortgage
  • Office Mortgage
  • Multi-Residential Mortgage
  • Construction Mortgage

There are also a number of mortgage types

  • Closed Mortgages
  • Open Mortgages
  • Convertible Mortgages

There are also two types of Mortgage Interest Rates.

  • Fixed Mortgage Rates
  • Variable Mortgage Rates

Mortgages can also be through traditional lenders like banks, trust companies, credit unions as well as private lenders. Usually private lenders are considered for higher risk mortgages.