First Line Access Mortgage (Company Overview) - Canadian Mortgage Lenders

First Line Access Mortgage services Ontario and offers a variety of mortgage and home loan related services and products. This company’s sole focus is on mortgage lending, and its mortgage brokers are all independent professionals. First Access Line Mortgage is a subsidiary of Canadian Imperial Bank of Commerce (CIBC), which bought the company in 1995. First Line was the first group to initiate mortgage-backed securities in Canada.

Mortgages

First Line Access Mortgage can offer lower rates than some other institutions because of this fact. It also offers a toll-free number to call with inquires and has a main office located in Toronto as well. First Line Mortgage accepts questions about any topic regarding mortgage loans, including inquiries about rates, fees, applications, programs and terms. It only asks that questions of a sensitive nature be handled only through their secure website infrastructure, so as to protect potential and existing customers’ privacy.

Mortgage Payment Options

First Line Access Mortgage offers payment options ranging from monthly and semi-monthly to weekly, and each and every year debtors are allowed to increase their payments by up to 25%. This is somewhat lower than the average of 30%, but will still save individuals money on their interest rates. Lump-sum payments throughout the year are also allowed, which is not common in this industry. This payment can be as much as 20% of one’s mortgage principal balance and can be made without fee or penalty.

Fees

First Line Access Mortgage’s fees range from $25 for Bridge loan administration fees to $300 for assignment or discharge fees for other provinces. It offers a comprehensive list of these fees on its website, which is written in both English and French. The website is simple; while it does not have as much information as many other company’s websites, it is easy to work to use.



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