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.