How Can I Get A Mortgage in Ottawa?

Posted on 2nd May 2018

Whether you have a good or bad credit rating, you may still find it difficult to secure a mortgage from one of Canada’s traditional lenders. That’s because Canada’s big banks and credit unions take a lot of factors into consideration, such as your credit score, debt ratio, down payment, and annual income, before approving a mortgage loan. They want to ensure you are good with money and that there is a high chance you’ll be able to pay the mortgage back.

Unfortunately, many Canadians don’t meet the big banks’ requirements because each person’s financial situation and history is different. And this is getting in the way of their home ownership dreams.

In fact, if you don’t meet the big banks’ loan requirements in Ottawa, it does more than just hinder your chances of getting a mortgage with the best rates and terms. It could also make it difficult to get a loan from the bank, make it more difficult to refinance, and make it harder to get a home equity loan.

So, what happens if you don’t meet the banks’ requirements? Does it mean you can’t secure a mortgage? That’s where private lenders come in. work with hundreds of different private lenders, many of whom specialize in helping those denied by the big banks secure a mortgage.

Ottawa Is One of the Top Real Estate Markets to Watch

It’s a great time for people to consider getting a mortgage or other financial product from a private lender. Vancouver and Toronto may be capturing all the attention when it comes to Canadian real estate, but the fact of the matter is, Ottawa is home to one of Canada’s strongest and steadiest real estate markets.

This is true for a number of reasons. First, the federal government is a huge employer, helping keep the Ottawa real estate market strong. On top of that, the city’s technology industry is red hot, online retailer Shopify is expanding the size of its headquarters, and major retailers are expanding into Ottawa.

Second, the tight rental market makes purchasing a home in Ottawa a much more attractive option. Because of the median price for detached homes and condominiums, the new stress test on mortgages implemented by the federal government will have less of an effect on Ottawa home buyers.

In a market like Ottawa, affordability isn’t nearly as much of an issue.

Mortgage Options for People in Ottawa

If you’ve been turned down by the banks for a mortgage, or any other financial product, because you don’t meet their requirements, talk to the mortgage professionals at We offer a full range of mortgage financing solutions for those looking to refinance or renew, take out a second mortgage, and get approved for a construction or renovation mortgage, as well as provide a variety of other commercial products for business owners.

We offer some of the lowest mortgage rates in the country. How can beat the major banks? For starters, the big banks are federally regulated and need to follow strict lending rules. works with private lenders who are not bound by the same lending rules. As a result, we have a lot more flexibility when it comes to helping you find the mortgage or other financial product you deserve. also works with hundreds of different lenders. This makes it possible for to negotiate the best mortgage with the best rates and terms. This is in sharp contrast to any of the big banks which only try and sell you their financial products, whether it’s in your best interest or not. Mortgage Service for Ottawa Residents

Below are some of the mortgage and financial products we provide.

  • Private mortgages in Ottawa
  • Second mortgages in Ottawa
  • Residential mortgages in Ottawa
  • Mortgages for those in Ottawa with unreliable income
  • Mortgage refinancing in Ottawa
  • Mortgages for those in Ottawa with bad credit or no credit
  • Commercial mortgages for businesses in Ottawa
  • Home equity line of credit (HELOC)
  • Mortgages & tax arrears in Ottawa
  • Debt consolidation in Ottawa
  • Home equity loans in Ottawa
  • Mortgages for those in Ottawa who are self-employed, Helping Ottawa Residents Secure Mortgages

Applying for a mortgage can be stressful. If you have been turned down by traditional lenders or think your mortgage application will be, call the licensed, independent mortgage professionals at is the nation’s leading low-cost mortgage solution provider. Because agents are independent, they are able to draw from hundreds of banks and lenders to help you find the mortgage best suited to your financial and lifestyle needs. Many of these lenders specialize in providing mortgages to clients that have either good or bad credit, are self-employed, have an unreliable employment history, bruised credit, or even declared bankruptcy.

If you are interested in finding out what kind of mortgage you qualify for contact today or apply online and a mortgage specialist will set up an appointment at your earliest convenience.

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