Finding the Best Mortgage Companies in Montreal: A Comprehensive Guide

Navigating Mortgage companies in montreal landscape can be overwhelming with so many financial institutions, brokers, and online lenders to choose from. This guide will help you understand your options and spotlight how Groupe Amar, a Montreal-based mortgage brokerage, can support you in securing optimal mortgage solutions.

1. Why Work with a Mortgage Brokerage Like Groupe Amar?

Groupe Amar, led by Elie Amar, is a dedicated mortgage broker based in Montreal. Their website highlights recent insightful blog articles such as “Comprendre le rôle d’un courtier hypothécaire” and “Les tendances actuelles du marché hypothécaire,” reflecting their expertise and focus on educating their clients

• Localized expertise: Situated in Saint‑Laurent, Groupe Amar specializes in the Montreal market.

• Personalized guidance: They break down mortgage trends and process complexities, making them accessible to clients.

• Boutique experience: As a smaller, personalized firm, they often offer tailored service not found in big banks.

2. Leading Mortgage Lenders & Brokers in Montreal

A. Traditional Lending Institutions

• Desjardins Group
  Quebec’s largest credit union network, Desjardins held nearly CA$123 billion in residential mortgages in 2022. They offer hybrid mortgage products—like fixed-rate mortgages with annual resets and variable-rate options with protection features. They also provide valuable incentives such as cash remittances covering up to $10,000 of closing costs for select products

• National Bank of Canada
  Headquartered in Montreal, National Bank is the province’s second-largest financial institution. It offers a full range of mortgage products, aided by its extensive branch network and deep local understanding

B. Online & Digital Mortgage Lenders

• Nesto
  A Montreal-based fintech powerhouse, Nesto is a fully digital mortgage broker and lender. It automates applications and underwriting, giving users access to highly competitive rates and flexible features like a 150‑day rate hold—the longest in Canada

• Equitable Bank / EQ Bank
  With a regional office in Montreal, Equitable Bank (parent company of EQ Bank, Canada’s first digital bank) focuses on residential and commercial real estate lending. Their digital banking model often delivers streamlined mortgage services

C. Mortgage Brokerages Serving Montreal

• Multi‑Prêts (Team Distinction)
  Operating across Quebec, including multiple offices in Montreal, this brokerage works with over 20 lenders. They offer personalized advice—from prequalification to refinancing—and remain a resource long after your term ends

• True North Mortgage
  With a location in Montreal, True North offers a “lowest rate guarantee” and unique “Rate Relief” mortgage product—a low fixed rate for six months, after which borrowers can renew with THINK Financial or pay a 1% fee

• CanWise
  Offers mortgages through its Ratehub.ca brokerage interface. Their offerings span porting, bridge financing, renewals, and more—tailored for newcomers, divorcees, self-employed individuals, and investment property owners

• Other Notable Names
  Lenders like Laurentian Bank, HSBC, MCAP, CMLS Financial, and Manulife Bank, along with online-only banks like Tangerine and Simplii Financial, all contribute to Montreal’s competitive mortgage scene

3. Choosing the Right Mortgage Company: What to Consider

4. How Groupe Amar Fits In

While Groupe Amar may not offer the widest range of lenders like larger brokerages, their strengths lie in:

• Educational support: Their blog content helps buyers better understand mortgage terms and market trends

• Localized attention: With a focus on Montreal and personalized care, they can guide you through selecting products, like deciding between banks, credit unions, or online lenders.

• Client-first service: Their boutique style fosters trust and clarity—especially beneficial for first-time buyers or complex financial situations.

5. Tips for Montreal Homebuyers

1. Start with prequalification—tools from Multi‑Prêts or digital brokers like Nesto give clarity on your budget.

2. Compare beyond interest rates—examine prepayment flexibility, portability, and hidden costs.

3. Consider closing cost incentives—Desjardins’ cash remittance or True North’s rate guarantees may offset higher rates.

4. Use a mortgage broker—especially if you’re a newcomer, self-employed, or seeking investment property financing.

5. Stay informed—follow trusted local experts like Groupe Amar to stay up on market trends and strategies.

The Mortgage companies in montreal depends on your needs—whether you’re looking for personalized guidance (Groupe Amar), wide lender access (Multi‑Prêts, True North), digital convenience (Nesto, Equitable), or regional strength (Desjardins, National Bank). For many buyers, especially those who value clarity and support, they combine Groupe Amar’s thoughtful guidance with one or more of the options above for a smooth experience.