MyNext Mortgage Company (Company Overview) - Canadian Mortgage LendersCanadian owned and operated, MyNext Mortgage Company was founded by a group of the top professionals in the mortgage industry. The company is an approved lender through Genworth Financial and Canada Mortgage and Housing Corporation, two of the largest mortgage insurers in the Canada. This approval allows the company to offer a broad range of products to meet the mortgage needs of many individuals.
There are several benefits for choosing MyNext Mortgage Company for your mortgage needs. The company has no branch network and passes these savings onto their customers. The products offered through the company are competitive, have flexible pre-payment plans, and flexible payment options. MyNext Mortgage allows individuals to transfer their mortgages to a new property or to be assumed by the new property owners, if qualified. Additionally, the company offers competitive pay out privileges and competitive renewals for any of their customers that have kept a good payment standing.
MyNext Mortgage Company has a wide variety of products available for their customers. They offer both a conventional and high-ratio mortgage, fixed rate mortgages of 1, 3, and 5 years, variable rate mortgages and up to 95% financing, which includes a borrowed 5% down payment.
The company also offers mortgages for vacation and secondary homes, investment properties, and for people that are new to Canada. Additionally, there is the option to refinance for renovations or debt consolidation and low payments are available through long amortization periods.
Mortgage Payment Options
Some of Canada’s most competitive products such as the flexible pre-payment option and pay out privileges are available through MyNext Mortgage Company. Through the flexible pre-payment program, an individual can pay up to 20% of their principle without being charged. Additionally, borrowers can choose a payment program that is right for them, such as monthly, bi-weekly, semi-monthly, and weekly.
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