- Accesdirect.com is totally independent of all lenders. It is neither employed by nor mandated by financial institutions.
- Accesdirect.com refers exclusively to mortgage approval centers specially dedicated to brokerage. These compete with each other to obtain their fair share of the market; they must therefore be efficient. The quality and speed of file processing make all the difference, especially during peak periods.
- Each financial institution has its own standards and a targeted customer profile. For example, some lenders pay close attention to the geographic location of the mortgaged property, as it is difficult for them to maximize sales of their other products when there is no branch nearby. Other institutions are less tolerant of self-employed workers or transactions with a high debt-to-value ratio, condominiums, etc. An experienced broker like accesdirect.com matches the client’s profile to the institution’s target group, thereby increasing their acceptance ratio.
- Lenders have objectives in volume and number of transactions. They are not always equal in their desire to conclude a sale. Here’s why: a mortgage requires a bank to have 5% of its own capital (having shareholders), meaning that, like the borrower, the bank must make an investment and cannot borrow more than 100% of the money it lends itself. Simply put, a bank has limits. Its objectives are based on annual and quarterly budgets. Thus, depending on their situations, they become more or less aggressive towards new transactions. Once again, this will greatly influence the number of files accepted, mainly those in the « gray zone », not to mention the conditions and pricing that the lending institution will require.
- Finally, thanks to the volume it generates, the broker not only obtains the best combination, pricing and conditions, but also has in their arsenal all the promotions offered on the market for the greatest benefit of their client.
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Here is a list of the main lenders our affiliated mortgage brokers work with:
Bank of Nova Scotia, Toronto Dominion Bank, CIBC Bank, Laurentian Bank, Sun Life Trust, Desjardins Credit Union, National Bank, Industrial Alliance, Italian Commercial Bank, The Associates, MFQ, ING Bank and others…
Direct mortgage offers you:
- Direct access via the Internet to the best interest rates and banking service conditions.
- Direct access to mortgage products and financing throughout Quebec, Canada and the United States (for certain loans).
- Direct service from the beginning to the end of the financing process.
- Mortgages for residential, multi-unit and commercial properties.
- Pre-qualification, refinancing and mortgage transfer at no cost.
- Complete direct service for mortgage financing approval.
- Direct service with no fees and at the best conditions for the client.
By using direct mortgage services you will immediately receive a custom contract proposal at the best rate. You will be able to obtain your home insurance coverage as well as your mortgage insurance. No more hassles, AccesDirect offers you all services under one roof and at the best price; mortgage, mortgage insurance and home insurance.
* As of December 1, 2011. Rates are subject to change without notice and are displayed for information purposes only.