High Ratio Mortgages in Quebec

Which province is the most cultured in all of Canada? This can be debated, but for many the answer is Quebec. Quebec offers such a wide array of different attractions, fostered by the communities that reside there, he people who call it home are lucky to embrace their culture to its fullest potential. There is however a downside of a place that is so rich with culture. That downside is how the housing market can prove to be unaffordable for many, even with a mortgage, a 20% downpayment is a lot to ask for. If you are interested in a mortgage for the sake of buying a home to take part in Quebec’s one of a kind culture, you should know that one option is to get a high ratio mortgage. What is a high ratio mortgage? It is a type of mortgage that has become very popular since it does not require a downpayment of 20%.

It should be noted that if you secure a high ratio mortgage, you’ll need to also secure mortgage insurance since the lender will be taking on more risk.

Fortunately, thanks to Smarter Loans, you’ll be able to apply for a high ratio mortgage from the comfort of your own home. In order to help you secure a high ratio mortgage, Smarter Loans has taken the initiative of assembling a directory of all the best companies in Quebec that offer high ratio mortgages. This directory is a massive timesaving tool and is already available; simply scroll down on this page to view your options.

Once you’re ready, scroll down to view high ratio mortgage options and once you’re ready, hit “Apply Now” to be taken to a questionnaire that only takes a few minutes to fill out. The purpose of the questionnaire is to ensure that the requirements for your desired high ratio mortgage are met, if you can’t spare the time right now to choose a high ratio mortgage, then you can also choose to “Pre-Apply” and in that case, we’ll look for companies that work best for your high ratio mortgage needs and connect you to the most suitable option.

Quebec By the Numbers

  • Quebec’s primary employment sectors are wholesale trade, finance and insurance, information and cultural industries.
  • The population of Quebec is 8,164,000.
  • The areas of education interests of Quebec residents lie first of all in physical and life sciences and technologies, mathematics, computer and information sciences, visual and performing arts, and communications technologies.
  • The employment rate in Quebec is 60%.
  • On the average, an hourly rate in Quebec is at $30.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our online financial platform helps you connect with reputable High Ratio Mortgage lenders in Quebec for all your financing needs.

Browse through our directory of High Ratio Mortgage lenders to compare the most current High Ratio Mortgage rates in Quebec.

Among High Ratio Mortgages most common use cases are:

  • purchasing a home
  • obtaining a mortgage with less than 20% downpayment
  • deploying saved cash into better asset classes to earn higher returns
  • earning a higher return on initial equity
  • earning a potential differential between lower interest payments and insurance premiums

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