CMLS Financial
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Review of CMLS Financial Mortgages
CMLS Financial is one of Canada's largest independently owned mortgage services companies. With offices across the country, CMLS provides a wide range of commercial lending services, residential real estate mortgages, and institutional services.
CMLS Financial offers mortgage solutions with competitive and alternative rates, including HELOC options, a rental program and a graduate program.
Type of Lender: Monoline
Relevant Links: Mortgage Calculator & Client Portal
Today’s Lowest Rates from CMLS Financial
Ideal Client
CMLS Financial is well-suited for first-time buyers, business owners, investors, self-employed individuals, and new Canadians. Their graduate program helps clients transition from alternative mortgages to more traditional ones, offering tailored options for diverse financial needs.
Special Features:
CMLS Financial offers a variety of unique features to help clients find the right loan for their needs. They provide Home Equity Lines of Credit (HELOC), which allow homeowners to tap into their equity for flexible borrowing. Their rental program makes it easier for investors to qualify for financing, while the graduate program helps those transitioning from alternative financing back to lower-rate lenders. Notably, they also offer mortgages without the stress test, giving borrowers a bit more breathing room in their financial planning. Keep in mind that while these features can be beneficial, it's essential to weigh the pros and cons to make an informed decision.
Downsides:
When considering this lender, it's important to note a couple of downsides. They don't offer traditional banking services, which means you won't have access to features like checking accounts or credit cards. Additionally, there are no physical branches, so all transactions and support will be handled online or over the phone. While this can provide some convenience, it may not suit everyone’s preferences, especially if you value face-to-face interactions. Being aware of these factors can help you make a more informed mortgage decision.
Best Suited For:
Explore More:
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Alternative Lenders
- Sep 9, 2024 NPX
- Sep 9, 2024 Home Trust
- Sep 9, 2024 Haventree Bank
- Sep 9, 2024 Community Trust
- Sep 9, 2024 Bridgewater Bank
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Big Banks
- Sep 9, 2024 TD Canada Trust
- Sep 9, 2024 Scotiabank
- Sep 9, 2024 RBC
- Sep 9, 2024 CIBC
- Sep 9, 2024 BMO
-
Credit Unions
- Sep 9, 2024 Meridian
- Sep 9, 2024 FirstOntario Credit Union
- Sep 9, 2024 DUCA Credit Union
- Sep 9, 2024 Desjardins
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Monolines
- Sep 9, 2024 Strive Capital
- Sep 9, 2024 RMG Mortgages
- Sep 9, 2024 RFA
- Sep 9, 2024 MERIX Financial
- Sep 9, 2024 MCAP
- Sep 9, 2024 Marathon Mortgage Corp
- Sep 9, 2024 First National
- Sep 9, 2024 CMLS Financial
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Other Banks
- Sep 9, 2024 B2B Bank
- Sep 9, 2024 CWB Optimum
- Sep 9, 2024 Equitable Bank
- Sep 9, 2024 Manulife Bank