First National

Monolines
Written By David Pipe
 

Review of First National Mortgages

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.

 
First National

Today’s Lowest Rates from First National

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Ideal Client

First National is best suited for first-time buyers, business owners, investors, new Canadians, and self-employed individuals, especially those who need flexible financing options.

 

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:

No Banking Service

No Physical Branches

 

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.

 

Best Suited For:

 

First Time Buyers

Business Owners

Investors

Self-Employed

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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