First National

First National is one of Canada's largest non-bank mortgage lenders, offering commercial and residential mortgage solutions.

First National offers competitive mortgage solutions with a strong emphasis on flexibility and caters to people with a variety of needs, including first-time buyers, investors, business owners, self-employed individuals, and new Canadians. Special features include the graduate program and rental program.

Special Features:

First National offers a variety of features designed to meet different financial needs. Their rental program is tailored for investors looking to finance rental properties, while the graduate program helps borrowers move from alternative financing options back to lower-rate lenders. As with all mortgage products, it's important to weigh the benefits and any potential drawbacks to make the best choice for your situation.

Downsides:

When considering this lender for your mortgage, it's important to keep in mind a couple of potential downsides. Firstly, they don't offer traditional banking services, which means you won’t have access to checking or savings accounts. Additionally, they operate entirely online without any physical branches, so your interactions will be virtual. While this can be convenient for some, it might not suit everyone, especially those who prefer face-to-face assistance. Being aware of these factors can help you make a more informed decision.

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