Mortgage Knowledge Center

Thank you for visiting our Knowledge Center! We encourage clients to learn as much as they can about home loans, and we hope that we have laid it out in a manner that is both informative and user friendly. We find that the client's who are most informed, are usually the ones who feel the most satisfied that the decisions they made were the right ones, making the overall experience more pleasant. If you have any questions or concerns about our Knowledge Center, please do not hesitate to call or drop us an e-mail.

Current Mortgage Rates: Verico Mortgage Options delivers on its commitment to supply our clients with the best mortgages rates available in Canada!
Verico Mortgage Options Lending Network: Verico Mortgage Options works with 50 of Canada's top mortgage lenders. In our network, you will find big banks, mortgage companies, trust companies and private lenders, all competing for your business by offering us their best wholesale mortgage rates. Let us negotiate on your behalf!
Types of Mortgages: There are three general types of mortgages products. Regardless of what you are using the mortgage for (purchasing a new home, refinancing, etc) or what specific program you qualify under, your mortgage will always be a variable rate (sometimes referred to as adjustable), fixed rate or line of credit.
Mortgage Life Insurance: Many of the clients we work with consider mortgage life insurance an option, find out more about mortgage life insurance.
What is a credit report?: A credit report is a history of how well you have paid your previous and active credit lines. When you apply for credit, a file is created with the credit reporting agencies with the date the credit was granted, the amount of the credit and the amount of the monthly payments. Also what is a beacon score (FICO) and more?

Mortgage Brokers

Mortgage brokers work as an intermediary between the client and lender to allow the client access to the lenders wholesale mortgage market. Not dealing with a mortgage broker is leaving money on the table.

Frequent asked questions (FAQ): Many home buyers are unfamiliar with the process of how dealing with a mortgage broker is different than dealing with their banks. This section was designed to familiar the client with how we do business both from the perspective of the actual home loan and from the perspective of doing business over the internet. If the answer to your question is not here however, please do not hesitate to contact us as every question we get is a good one. The process can be a complicated one, let us help!
First 10 Steps in the Home Buying Process: Many clients have a difficult time getting started toward home ownership because they just don't know where to start. So we have laid out a framework to show you how there is usually a series of steps you go through in order to get from the day you decide to buy till possession day. We don't want to over simplify this as the path may have a few curves along the way, but the destination is always the same and is definitely worth the trip. We think you will find that if you take one step at a time, the process is not nearly as overwhelming as it seems.
Mortgage News Releases: Keep up to date with the latest mortgage news releases.