market this summer will find a welcome silver lining: a growing variety of lenders and brokers vying to offer the lowest rates and the slickest user experience.
To help prospective homebuyers and homeowners with upcoming mortgage renewals navigate the sea of choices, The Globe and Mail reviewed five of the websites promoting some of the most competitive mortgage offerings in the current market. In June, the company bought CMLS Financial, Canada’s third-largest non-bank mortgage lender, a move Damien Charbonneau, Nesto’s chief operating officer and co-founder, said will help it cater to borrowers with lower credit scores and riskier profiles.As of the week of July 8, Nesto said the lowest insured rate it could offer in the Calgary buyer scenario was 4.59 per cent.