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.