Looking for the best rate in Saint John? Contact a local mortgage professional; Saint John brokers are your best source for local mortgage options. They’ll be able to meet in person to answer your questions and provide you with an overview of the rates and options offered by lenders and banks across Canada.
Saint John, New Brunswick is the perfect place to call home. 67,575 people currently live in single family homes, condos and townhouses in this lively Canadian city, and an increasing number are relying on local mortgage brokers to discover the best rates and lenders for their home-buying needs. Real estate is spread across 315.96 square kilometers, alongside many popular arts, culture and recreation facilities.
There are a variety of local licenses available to mortgage professionals in the province, ranging from mortgage administers to associates to brokerages. All are administered by the Financial and Consumer Services Commission of New Brunswick under the Mortgage Brokers Act, which seeks to protect the rights of local borrowers and foster a thriving and sustainable mortgage industry in the province. Along with administering four types of licenses, the FCSC monitors compliance to ensure that brokerages, brokers and associates are always acting in the best interest of the borrower. The only exception is when there’s a private investor involved, in which case the same broker can not represent both the borrower and the lender in the same transaction. They also define the disclosure requirements for mortgage professionals and uphold the integrity of the industry.
Roughly 750,000 Canadians call this Eastern province home. It was among the first to form the Dominion of Canada in 1867, which laid the foundation for the rest of the country, and it has a rich maritime culture and history. It’s the only bilingual province in Canada, with English and French bearing equal weight, and many French Acadians call the province home. Much of New Brunswick is covered in forest, and the economy is largely based on resources like forestry, mining and fishing. Although some New Brunswick residents live in condos and apartments, many live in single family homes and townhouses. In 2016, the largest city in the province (Moncton) was home to just 72,000 people.
Buying a home can be a complex process, especially if you’re looking to buy or refinance a home in Saint John, New Brunswick. Fortunately, there are plenty of local real estate and mortgage professionals available to help home buyers navigate the process and explore all the options that are available to them. Here are just a few reasons you might want to consider using a Saint John mortgage broker for your next home purchase.