Langley, British Columbia is a small and quiet city with a subtle landscape, which is precisely what a large group of individuals is looking for. In a world that’s rapidly becoming noisier, more connected and more busy, a small slice of paradise is becoming increasingly rare. There are many people who seek residence in the area who may be interested in a high ratio mortgage. A mortgage on any home today is an essential resource for most, however 20% on a downpayment is a considerable sum of cash. This is why securing a high ratio mortgage may align with your best interest. Unlike traditional mortgages, high ratio mortgages don’t require that 20% downpayment. Now you may be thinking that’s too good to be true, but there is a catch. With the increased risk on the lenders side, the applicant is required to take out a mortgage insurance.
If you are interested in a high ratio mortgage, the search for high ratio mortgage is the most difficult part.
With a bevy of options in the area, the only way to describe the process is time consuming. However, it doesn’t have to be. Online tools that have been prepared for you by Smarter Loans have made it easier than ever to obtain a high ratio mortgage. Finding the suitable mortgage provider is an important first step when it comes to getting a high ratio mortgage and Smarter Loan’s online directory includes each provider and their high ratio mortgage rates, terms and offers presented all on one webpage.
The online directory displays an overview of each provider so that you can easily compare all of the offers that are available to you and once you’ve found one to proceed with, click “Apply Now” next to their name to proceed to the approval process. Alternatively, pre-apply with Smarter Loans and we can present you with the most fitting provider based on your preferences.