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Second Mortgages & Home Equity Loans for Ottawa Homeowners

Whether you are looking for a second mortgage, or a home equity loan on your home in Ottawa, your first call should be to Matrix Mortgage. In Ontario, our brokers can get you as much as 95% of the equity you have in your home in the form of either a second mortgage (which you would pay as a recurrent bill, on either a weekly, bi-weekly or monthly basis), or a home equity loan (which is much like a line of credit: meaning you can draw from it when you need to, and need only pay back a minimum monthly payment over time). Whatever time of loan you are looking for, the brokers at Matrix Mortgage can get you approved in mere minutes.

Home Equity Loans

Mortgages for First Time Home Buyers in Ottawa

As a first time home buyer, you may not even know where to start when looking for a mortgage: this is a whole new experience, and it can be a confusing one. The brokers at Matrix Mortgage specialize in working with first time home buyers. They will walk you through the entire process of obtaining your first mortgage, and help you to feel as comfortable and confident as they can: all while ensuring you get a great rate!Whether you are buying your first, or your hundred and first home in Ottawa, getting a first or second mortgage, the team at Matrix Mortgage should be your first call.

Home Buyers

Mortgages & the Real Estate Market for Ottawa, Ontario

Canada’s capital, and one of the country’s oldest cities, Ottawa Ontario has it all: history, culture, and a hot housing market. As of December 2015, the city of Ottawa reported an estimated population of 960,754, and the city was the fourth-largest in Canada.

Ottawa is home to several industries, including government (the federal government buildings are located in the city’s downtown core), and technology. Ottawa has been dubbed the most educated city in Canada, and has the highest standard of living, coupled with one of the lowest levels of unemployment. As a result of all of this, Ottawa was ranked second out of 150 cities worldwide by the Numbeo quality of life index in 2014-2015, and has also been dubbed by Mercer the large city with the third highest quality of living in the Americas, and the 16th highest in the world.

Ottawa’s population growth has resulted in the building of several suburbs that are still considered part of Ottawa proper, such as Nepean, Gloucester, Kanata, Orleans and Nepean, to name a few. Most of these suburbs are accessible through Ottawa’s transit system, which consist of both lightrail and a bus system (which has its own dedicated bus lanes, or roads wherein buses have the right of way).

Ottawa is a cultural centre, home to the National Gallery of Canada, and a number of museums including the Canadian War Museum, and the Museum of Natural History. Finally, it is home to the Rideau Canal, which is the oldest continuously operated canal system in North America, and was named a World Heritage Site by UNESCO in 2007.

Ottawa is also home to one of Canada’s most prominent addresses: 24 Sussex Drive: the residence of the Prime Minister of Canada. The average price of a house in Ottawa of a residential property in April 2016 was $403,603, and the average price for a condo was $265,726. Whether you are looking for a condo in downtown Ottawa, or a house in the suburbs of the city, one thing remains true: a mortgage broker will get you the best possible rate and terms on the mortgage for your home in Ottawa.

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