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Canadians owe over $2 trillion in household debt, according to the Bank of Canada, with over 65% being mortgage debt. As a mortgage is usually the largest liability for most individuals/families it is important to plan ahead on how to manage this debt. Mortgage insurance is one of the options homeowners have. It works by paying off the outstanding principal balance of your mortgage (or a lesser amount if you choose) should you pass away. Mortgage insurance can also cover you for a period of time should you become disabled or suffer a period of time off work. While mortgage insurance is often purchased at the same time that you secure your mortgage, we offer a range mortgage insurance products that are avaiable at any time.
Outline Financial can lay out your options when it comes to protecting your mortgage as there is a wide range of pros and cons to various mortgage insurance options. We take the time to explain all your options so that you can make an informed decision that fits your life and goals. We can walk you through the process giving you the peace of mind that your debt will be covered in the event of your passing, and your family can rest assured knowing they can continue to create memories in the home they love.
Professional Insurance Advisors
Variety of Options Available
Designed to Fit Your Life
Professional Insurance Advisors
Variety of Options Available
Designed to Fit Your Life
Mortgage Insurance from Outline Financial
With mortgage insurance, you typically have a choice of life, disability, or both. With mortgage life insurance, in the event of your death, the benefit payment goes to the lender to pay off the remaining principal amount of your mortgage (or the % that you have insured). The amount of coverage that you hold will decline in line with your mortgage balance. The payment ensures that your mortgage debt is paid off, ideally allowing your family to remain in the house that they call home. Another type of mortgage insurance covers injury/illness. In this case, should you have an injury/illness the insurance policy will cover your monthly mortgage payments and can also include property tax payments.
When it comes to protecting your mortgage, you have a variety of options available. Our team will work with you to customize a plan that meets your needs. Mortgage insurance covers one of the largest purchases in your lifetime. It provides the security you desire, giving you and your family peace of mind knowing that your mortgage will be paid off should the worst happen. Outline Financial can help walk you through your options and can help design a custom insurance plan tailored to your needs.
Benefits of Working with Outline Financial?
- Professional Insurance Advisors
- Variety of Options Available
- Exceptional Guidance & Advisory
- Customer-Focused
Some of Our Insurers
Real People. Real Advice.
Meet some of the team.
What Joanna wants you to know about Outline Financial:
“We take the time to listen to clients’ needs beyond simply searching for favourable mortgage rates and terms. Frankly, anyone can do that. We want to be able to provide our clients with mortgage solutions to drive their personal financial success and give them an array of options to achieve their short- and long-term goals.”
What Jason wants you to know about Outline Financial:
“Simply put – we care. While many companies may say that, we try to live it by putting ourselves in our clients’ shoes and advising from their perspective. ‘Why should we do this? What are the pros and cons? How could this impact our clients in the future?’ These are questions we ask ourselves every day.”
What Samantha wants you to know about Outline Financial:
“We’re completely focused on teamwork and providing an amazing customer experience. We’re constantly sharing ideas and information to ensure that our clients have a full understanding of their mortgage options. We’re never satisfied until our clients get what they need, and that makes Outline a special place to work.”
What Molly wants you to know about Outline Financial:
“It all comes down to our team-based approach. When I first joined Outline, I was amazed by the proactive, positive attitude that our brokers employ when helping clients realize their personal financial goals. Our team is always ready to think outside the box, which is very important at a time when the rules for acquiring mortgage financing are changing and becoming more challenging.”
What Jason wants you to know about Outline Financial:
“Everyone that works for Outline is the very best in the business at what they do,” he explains. “The level of knowledge and expertise that the members of our team bring to the table is really unrivalled in the industry. We’re all obsessed with perfecting the client experience, and that means we’re always adapting to stay on top of the market and finding innovative new ways to better serve our clients.”
What Olena wants you to know about Outline Financial:
“What I really enjoy about working here is the fact that there are no wrong answers to a problem. I’ve worked with organizations that have a way of doing business and won’t explore other possibilities. At Outline, the options are limitless, and you can feel comfortable brainstorming and being creative. This creates a great experience for us as team members, and that allows us to deliver the very best service to our clients.”
What Mark wants you to know about Outline Financial:
"We focus on being the best, so we can provide the best experience possible to our clients. That means keeping a strong focus on training and continuing education, but it’s our culture that really stands out. At Outline, it’s all about delivering great service as a team, which makes me want to push myself to be the very best broker I can be."
What Erin wants you to know about Outline Financial:
“There’s a real entrepreneurial spirit behind this company. This isn’t like some companies where it’s all about profit and pushing out products. We’re a group of like-minded individuals, working together to build lasting relationships with our clients and helping them achieve their financial goals. It’s so rewarding to watch them become successful.”
What Andrew wants you to know about Outline Financial:
“Our work goes beyond helping clients get approved for a mortgage. We help advise on sustainable strategies to manage their debt and other financial considerations. A mortgage is the biggest debt most people will take on in their lives, so it’s important that our clients get the right plan built to suit their specific needs.”
What Sandra wants you to know about Outline Financial:
“Our customer experience goes well beyond taking a client application and submitting it to the lender. We get to know our clients, learn about their short- and long-term personal financial goals, then help them choose the right lender and product to suit their unique needs. I love the fact that our team is completely committed to doing what’s right for our customers, while being fully supportive of each other’s success by offering help, ideas and innovation whenever it’s needed.”
What Kailey wants you to know about Outline Financial:
“At Outline, there’s a real sense of family across our team. We work collaboratively and always put the client’s needs first by giving them the tools to make the right decisions for their financial future. By bringing together a team of diverse professionals, we’re constantly growing our knowledge base to ensure we always exceed our clients’ expectations.”
What Shannon wants you to know about Outline Financial:
"Prior to joining Outline, I worked on the lender side of the business, and experienced first-hand Outline’s professionalism, focus on building quality relationships and the way they prioritize clients’ needs above everything else. At Outline, we’re dedicated to helping our clients find customized mortgage solutions and our team approach means that no matter which agent a client works with, they always have access to the expertise (and great customer experience) of our entire company.”
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(647) 363-7463
Outline Financial FSCO Insurance Agency #36641M
Outline Financial
Outline Financial is one of Canada’s top-rated mortgage and insurance companies offering direct access to rate and product options from over 30 banks, credit unions, mono-line lenders and insurers all in one convenient service. The Outline team was formed by senior level bankers and financial planners that wanted to offer clients choice with an exceptional service experience.
