In Canada, borrowers looking for financing have a variety of lending options available to them, ranging from traditional banks to alternative lenders. These lenders are categorized into two groups: A-lenders and B-lenders. A-lenders are considered prime lenders with strict lending criteria, whereas B-lenders are non-prime lenders who are willing to take on higher-risk borrowers. In this article, we will discuss the list of A-lenders and B-lenders in Canada.
A-Lenders
Canadian Imperial Bank of Commerce (CIBC)
CIBC is one of the largest banks in Canada and offers a variety of mortgage products with competitive interest rates.
Royal Bank of Canada (RBC)
RBC is another major bank in Canada and offers a variety of mortgage products with competitive interest rates.
Bank of Montreal (BMO)
BMO is another major bank in Canada and offers a variety of mortgage products with competitive interest rates.
TD Canada Trust
TD Canada Trust is a subsidiary of TD Bank Group and offers a variety of mortgage products with competitive interest rates.
Scotiabank
Scotiabank is one of the largest banks in Canada and offers a variety of mortgage products with competitive interest rates.
B-Lenders
Home Trust
Home Trust is a non-prime lender that specializes in providing mortgage financing to borrowers who may not qualify for traditional bank financing.
Equitable Bank
Equitable Bank is a non-prime lender that offers a range of mortgage products to borrowers who may not qualify for traditional bank financing.
Optimum Mortgage
Optimum Mortgage is a non-prime lender that offers a variety of mortgage products to borrowers who may not qualify for traditional bank financing.
First National Financial
First National Financial is a non-prime lender that offers a range of mortgage products to borrowers who may not qualify for traditional bank financing.
XMC Mortgage Corporation
XMC Mortgage Corporation is a non-prime lender that specializes in providing mortgage financing to borrowers who may not qualify for traditional bank financing.
Final Verdicts
In conclusion, A-lenders and B-lenders in Canada offer borrowers a range of mortgage products with varying interest rates and lending criteria. It is important to research and compares different lenders to find the best financing option that suits your financial situation. Additionally, borrowers should also consider working with a mortgage broker who can help guide them through the lending process and find the best financing option available to them.