Mayada Jaafar

An online lending marketplace does not fund mortgages directly; it shares borrower details with participating lenders that may respond with competing offers.
Borrowers submit loan type, amount, income, assets, debts, and personal identification details so the platform can run an initial soft credit check.
Preliminary quotes may arrive within minutes from up to 5 lenders, giving shoppers a faster way to compare terms before applying formally.
Because participating lenders may follow up quickly, privacy-minded borrowers can limit phone sharing, review policies, or use a self-directed mobile experience instead.
Before choosing, compare rates, annual percentage rates, points, terms, and fees; complete marketplace and outside inquiries within a 30-day window to manage credit impact.

How Lending Tree Works

Canada needs to double housing starts over the next decade, making faster prefabricated and modular building a bigger affordability and supply tool.
A national housing agency expanded mortgage loan insurance, adding options for factory-built homes and broader modular construction across multi-unit housing products in Canada.
Homebuyers can access insured financing for prefabricated homes with a minimum downpayment of ~5%, plus funds released across up to four draws.
Draws can align with construction milestones, including property acquisition, site preparation, delivery, and installation, matching how prefabricated projects are sequenced more practically for buyers.
For multi-unit housing, modular construction now fits all insured multi-unit products after a pilot financed >800 new rental homes across five provinces.