Mortage loans are now extremely easy and fast to acquire in Nova Scotia. First time home buyers or shoppers who need cash to purchase their next commercial or residential property are turning towards mortgage loans. Nowadays, mortage loans with alternative lending companies are the go-to solution for financing a home in Nova Scotia. Getting a mortage loan approved in Nova Scotia is easy. You do not need to wait in line anymore or fill out a bunch of unnecessary paperwork. Nowadays, all it requires you to do is to fill out an online application form. Afterwards, within just a few days, you can find your mortgage loan being sent to you. Here at Smarter Loans, we’ve done most of the ground work for you. We’ve compiled a list of trusted companies to receive mortgage loans from.
8Twelve Mortgage is a leading national mortgage brokerage dedicated to simplifying the home financing process across Canada. With direct access to 65+ lenders and over 7,000 tailored mortgage solutions for purchases, refinancing, and renewals, they ensure fast approvals, competitive rates, and unparalleled customer service. Their team of experts is committed to helping you achieve your financial goals with ease and confidence.
Homewise is one of the easiest ways to get a mortgage. Homewise makes the process very easy and fast, with a 5-minute online application. Then, they negotiate for borrowers with over 30 banks and lenders to find them the best mortgage that is specific to each client’s unique needs. Homewise also sets clients up with an unbiased Advisor from their team to help them at each step from approval to move-in. Homewise makes mortgages stress-free and can help borrowers save time and money.
Looking to get a mortgage for a new home, refinance, switch or get pre-approved, it’s as easy as three steps?
– Apply online in 5 minutes
– Get set up with a personal unbiased Homewise Advisor who negotiates for you with over 30 banks and lenders
nesto is Canada’s first digital mortgage platform. They are an exclusive mortgage solution offering new purchase, renewal and refinance mortgages, with advisors from across the country. Based out of Montreal, nesto received their $76 million Series B in June 2021 to scale their operations across Canada. nesto is committed to offering clients a positive, empowering & transparent property financing experience, simplified from start to finish.
Frequently Asked Questions About Mortgages in Nova Scotia
Do I qualify for a mortgage in Nova Scotia?
The type and size of mortgage you want dictate what qualification criteria you must meet to get a mortgage on a Nova Scotian property. For residential mortgages, traditional lenders usually require: proof of employment, a minimum credit score (standard is 600), and a minimum down payment (usually 5%). Other lenders may have more forgiving eligibility requirements; for example, if you have a lower credit score, but have high income, then you still have options. The level of your income, size of mortgage you’re seeking, existing debt and other financial factors will all play a part in determining how much you can borrow.
Commercial mortgages have more complex requirements, relating to the financial position of the business. To qualify for a commercial mortgage, businesses must be able to sh
Written by:
Amy Orr
Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.
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Jenna West
Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.
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