Educators Financial Group (Company Overview) - Canadian Mortgage Lenders
Educators Financial Group, which was previously known as Ontario Teachers Group, is located in both Ontario and British Columbia. It was founded in 1975 by a group called the Ontario Secondary Teachers’ Federation and has served members of the educational community for more than 35 years.
Mortgages
Mortgage terms at Educators Financial Group vary from five months to five years with variable rates and fixed rates. You also have the option of various payment schedules varying from weekly to monthly. Educators Financial Group offers their customers the option of making additional payments in order to lower their principal balance. Depending on the circumstances, you can do this up to three times in a year. Additionally, there is no acceptance for too many late payments, but the bank does have very reasonable late fees.
Educators Financial Group recently began allowing their clients to renew their mortgages all the way up to 100 days before it is supposed to mature, without penalty. You will also be guaranteed that rate, after approval, for 100 days. This is slightly lower than average, with most lenders allowing for this up to 120 days, but it is an improvement from their former policy of no early renewal.
Other Products
In addition to mortgages, Educators Financial Group offers other financial services as well. There are several different investment products available through the company, including mutual funds, which are divided into several types. These are money market, mortgage and income, balanced, dividend, diversified, growth, and global.
Educators Financial Group offers mortgages and investment opportunities to their consumers at some of the best rates available. If you are considering a mortgage company in Ontario, this company has been around for over 35 years offering their expertise in the financial industry. While the mortgage terms may be a bit stricter than those from other financial institutions may, the company is worth consideration.
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