About Northwood Mortgage

Northwood Mortgage is a Canadian company that operates within the Ontario mortgage industry. They are one of the largest and most trusted brokerages in the Greater Toronto Area and have relationships with an extensive amount of lenders.

What areas do they service?

The Northwood Mortgage offices are situated in Markham, Ontario. They work with clients across the GTA and offer mortgage packages to borrowers of all calibers from home owners to investors.

What types of mortgages does Northwood offer?

As one of the leading mortgage brokerages in Ontario, Northwood Mortgage provides a wide array of products such as:

  • First time home owner mortgages
  • Second mortgages
  • Third mortgages
  • Refinancing
  • Vacation home mortgages
  • Commercial mortgages
  • Industrial mortgages
  • Self employed mortgages
  • Mortgage renewal
  • Credit consolidation
  • Home Equity Line of Credit (HELOC)
  • New to Canada mortgage
  • Construction mortgages
  • Reverse mortgages

What can I learn from their website?

You can learn a lot about the mortgage industry from Northwoodmortgage.com. They have an informative blog and ample details about the industry in Ontario and the rest of Canada. Their blog deals with everything from information about the different kinds of mortgages offered to ways you can improve your credit score. You can even apply for a mortgage directly from their website to start the lending process.

Additionally, Northwood Mortgage offers a free insurance consultation. Not all mortgage brokers deliver services like this. Northwood offers mortgage life insurance, mortgage disability insurance and mortgage critical illness protection – three important services that most brokerages would need to seek from outside sources.

Are Northwood’s brokers paid by the lenders they work with?

In many cases Northwood does not charge for their services because they are paid by the lenders they do business with. Over the years, they have cultivated special relationships with different lenders to ensure that you get the right mortgage package to suit your needs. Although this is the case for most Ontario mortgage brokers, you should always find out how a broker is paid before you work with them.

What factors set Northwood Mortgage apart from its competitors?

Besides offering traditional mortgages, high-risk mortgages and credit consolidation, Northwood can help you pay off your mortgage quickly by giving you the right financial advice. Their financial division, aptly named Northwood Financial Centre, can show you how to use your prepayment privileges to your advantage, instruct you on how to become debt free faster and help you access the existing equity in your home. They also have a multitude of positive online reviews, which further sets them apart from a majority of Ontario mortgage brokers.

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Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).

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