Desjardins

Credit Unions
Written By David Pipe
 

Review of Desjardins Mortgages

Desjardins, one of the biggest financial groups in Canada today, began over 100 years ago in Quebec. Today, Desjardins offers a full range of financial and insurance services in Canada, including mortgages.

Desjardins offers versatile lending solutions, such as HELOC and a rental program, to accommodate diverse financial needs. With options for rural and cottage properties and no stress test, Desjardins provides tailored support for first-time buyers, investors, and individuals with varied financial backgrounds.

 
Desjardins

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Ideal Client

Desjardins is ideal for first-time buyers, individuals with bruised credit, investors, and new Canadians who live near their branch locations. Their flexible debt ratios and rental program make it a great choice for those seeking to invest in properties or require adaptable financial solutions.

 

Special Features:

Loan Services (HELOC)

Rental Program

 

Desjardins offers a variety of beneficial features for borrowers looking for mortgage options. They provide Home Equity Lines of Credit (HELOC) to help you access funds when needed, along with flexible debt ratios that can accommodate different financial situations. Their rental program makes it easier for investors to finance properties, while the absence of a stress test can simplify the approval process. While these features can be advantageous, it's important to consider all aspects to ensure you make an informed decision that best suits your needs.

 

Downsides:

Geographic Limitation

 

When considering this lender for your mortgage, it's important to be aware of a few downsides. One key point is their limited lending area, which means they may not be able to serve clients in all regions of Canada. Understanding these factors can help you make a well-informed decision tailored to your needs.

 

Best Suited For:

 

First Time Buyers

Bruised Credit

Investors

New Canadians

 
 
 
 
 
David Pipe

David Pipe helps business owners, investors, and first-time homebuyers build and protect family wealth with creative financing and tax-efficient life insurance solutions. He is an award-winning mortgage agent and life insurance agent in Ontario. David believes education in personal finance and seeking great advice is the best way to reach our financial goals, and he is focused on sharing his knowledge with others. He lives in Guelph, Ontario with his wife Kate Pipe and their triplets (and english bulldog Myrtle).

https://www.wealthtrack.ca/about#about-david-pipe
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