Northwood Mortgage
Northwood Mortgage is the first mortgage brokerage in Canada that offers special construction financing for non profit organizations that serve persons with disabilities, seniors, and their families.[1] Northwood Mortgage was established in 1990.
Services[edit]
In partnership with Adaptability Canada, the Accessible Community Loan Program is based on a three-year term which allows non profits to make interest only payment in the first year.[2] This program alleviates some financial pressure and allows non profit groups to focus on raising funds through different means during the second year of the term.[3][1] The joint venture also offers the Age at Home loan and renovation solutions, helping family caregivers and seniors to easily finance, renovate, and install home accessibility equipment.[4][5]
Awards[edit]
In 2015, Northwood Mortgage was nominated the Canadian Mortgage Award for Mortgage Brokerage of the Year 2014.[6]
References[edit]
- ↑ 1.0 1.1 "New Financing solution for non-profits". The Morning Star. 2014-11-16. Retrieved 31 July 2016.
- ↑ "Northwood Mortgage Partnership". Adaptability Canada. Retrieved 10 August 2016.
- ↑ "How private lenders and debt-crazed homebuyers are pushing Toronto's real estate market to the brink". Toronto Life. 4 November 2015. Retrieved 31 July 2016.
- ↑ "New construction loan created for non-profits". REMI Network. Retrieved 31 July 2016.
- ↑ "The bank said no: Now what? Tighter mortgage rules have sent buyers looking elsewhere". National Post. 2014-05-20. Retrieved 31 July 2016.
- ↑ CMP, "Final CMA Finalists Announced", "Mortgage Broker News", March 30, 2015. Retrieved April 14, 2015.
External links[edit]
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