**What is CanWise?** CanWise is a Canadian mortgage brokerage founded in 2018. It operates primarily within major Canadian cities such as Toronto, Ottawa, Calgary, and Edmonton. The company focuses on assisting customers in securing favorable mortgage rates from banks and other lending institutions. CanWise targets consumers looking to purchase or refinance real estate properties. **How does it work?** CanWise connects customers with mortgage brokers who analyze their financial situation and goals to recommend suitable mortgage products. They negotiate with lenders on behalf of clients to secure competitive rates. The platform facilitates communication between customers and lenders and guides them through the mortgage application and approval process. The brokers offer personalized advice tailored to each customer’s needs. **Products and services** CanWise provides mortgage brokerage services including rate comparison, mortgage refinancing, home purchase financing, and expert advisory support. Their brokers work with banks and financial institutions to find suitable mortgage products for clients. Services are delivered through consultations, either online or in-person at key Canadian urban centers. The company does not directly lend money but acts as an intermediary to facilitate mortgage agreements between clients and lenders.
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A lot of users rave about the competitive rates CanWise provides. Many have reported getting better rates than they found anywhere else, which is a big plus for those looking to save on their mortgage.
Generally, users have had positive experiences with CanWise's communication and support. A lot of folks mention that their brokers are responsive and helpful throughout the mortgage process.
Most users report smooth experiences when refinancing through CanWise, but there are occasional mentions that they don’t have certain equity products available. Overall, issues seem to be rare.
Some users have commented that CanWise doesn’t provide equity borrowing products. If that's something you're looking for, it might be worth checking with them directly or considering other options.
Many users say they've had great experiences with CanWise over the years without any major issues. This has built a good reputation among those who’ve used their services for securing mortgages.
Users love that CanWise brokers provide personalized advice and are there to guide you through the entire application process. This level of support seems to be a significant selling point for many customers.