TORONTO, March 03, 2022 (GLOBE NEWSWIRE) — As part of its ongoing and evolving mission to help Canadians on their journey to financial independence by transforming financial services, Questrade Financial Group today announced the launch of Mortgage Quest^® — a quick and easy-to-use online mortgage service designed for those looking to buy a home or renew their mortgage.

Rebuilding the Mortgage Experience from Scratch
An alternative to traditional mortgages, QuestMortgage’s new process is simple, transparent and easily accessible online without the need to visit a branch. A QuestMortgage BetterRate™ offers low rates from the start, with a team of dedicated mortgage advisors who are accessible to guide clients through the application process. Now available on www.questmortgage.com and by phone at 1-888-909-5588, this new service is a paradigm shift to the status quo, making the mortgage process simple, stress-free and easy for Canadians.

“The launch of QuestMortgage represents the next step in Questrade Financial Group’s ongoing vision to revolutionize financial services,” said Edward Kholodenko, President and CEO of Questrade. “QuestMortgage will help thousands of people realize their dream of homeownership in a simple, transparent and easy way, ultimately putting them on the path to financial success and security.”

Advantages of QuestMortgage:

• Low Rates: With BetterRate™ mortgages, customers will always get a great low rate from the start to help them save on interest over time
• Ease and convenience: A simple and transparent online application and approval process allows customers to always see where they are in the process
• Online experience: easy online management; customers can complete and access a mortgage application anytime, 24/7
• Assistance: Dedicated mortgage advisors will help choose the right option and guide clients through the application process
• Great Prepayment Privileges: Customers have the option to make additional lump sum payments up to 20% of the initial balance at the start of the term, per anniversary year. Plus, mortgage payments can be increased at any time (up to 100% of the initial monthly payment) to pay off the mortgage sooner

About QuestMortgage^®
QuestMortgage is a service provided by Community Trust Company (“CTC”) offering direct-to-customer mortgage solutions to help Canadians on their journey to homeownership. It offers an online application process, dedicated mortgage advisors, plus great rates and prepayment privileges. All mortgage applications are subject to meeting QuestMortgage’s standard credit criteria, residential mortgage standards and maximum loan amounts allowed. Only available in certain markets.

CTC is a federally regulated Canadian trust company and part of the Questrade Financial Group (QFG). The QuestMortgage brand^® is licensed to CTC by Questrade, Inc. another QFG company and Canada’s fastest growing online brokerage.

For more information, visuals, or to arrange an interview or broadcast segment with Questrade CEO Edward Kholodenko or CMO Rob Shields contact Susan Willemsen of The Siren Group Inc. Tel: 416-461-1567 or M: 416-402-4880. E-mail: [email protected], www.thesirengroup.com and @thesirengroup.

A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/c1d4adfa-1df8-484c-b31e-325bf024a6b5