Greenwood Mortgage Broker
The Benefits of Using a Military Mortgage Broker
Relocating to Greenwood, Nova Scotia, as an RCMP or military member comes with unique challenges, especially when it comes to securing a mortgage. Military mortgage brokers specialize in assisting service members and law enforcement officers, offering tailored solutions that align with their unique financial circumstances and relocation timelines. These brokers understand the complexities of military postings, including potential rapid transfers and eligibility for government relocation benefits, which can make the home-buying process more efficient and stress-free.
A military mortgage broker provides access to specialized mortgage products that may not be widely available through traditional lenders. They work with multiple financial institutions to secure competitive interest rates and flexible mortgage terms that accommodate the unpredictability of military and RCMP careers. Additionally, they can help navigate the intricacies of mortgage portability, allowing personnel to transfer their mortgage to a new property without financial penalties if they are relocated again. This ensures long-term financial stability and minimizes disruptions caused by frequent moves.
Beyond securing favorable mortgage terms, a military mortgage broker offers valuable guidance throughout the home-buying process, ensuring that RCMP and military personnel make informed financial decisions. They can assist with understanding the Home Equity Assistance Program (HEAP) and other relocation benefits that can offset moving costs. Their expertise in the Greenwood housing market allows them to provide strategic advice on property values, ensuring members invest in homes that suit both their lifestyle and long-term financial goals. By working with a broker who understands their unique needs, military and RCMP personnel can relocate with confidence, knowing they have secured the best possible mortgage for their circumstances. Contact your Local Military Mortgage Broker to discover the options and benefits available to Military, RCMP and Veterns.
History of Greenwood
Greenwood started as a small hamlet just south of the Dominion Atlantic Railway’s Kingston Station. Everything changed in 1942 when the Royal Air Force set up RAF Station Greenwood, turning nearby farmland into an airfield for training aircrew under the British Commonwealth Air Training Plan. By 1944, the Royal Canadian Air Force took over, renaming it RCAF Station Greenwood. The base continued to evolve, and in 1968, with the unification of the Canadian Forces, it officially became CFB Greenwood. Almost three decades later, in 1997, it was designated as 14 Wing Greenwood, making it one of Canada’s eleven operational wings.
Over the years, Greenwood grew alongside its military presence. Between the 1970s and early 2000s, the village saw a steady rise in population as other air force bases in eastern Canada shut down, leading to the consolidation of aircraft and personnel at CFB Greenwood. This shift brought more families to the area, creating a strong military community that remains central to the village’s identity.
Most of Greenwood’s housing is tied to the base, with military families living in what are known as PMQs, or Private Married Quarters. The heart of the village is home to these military residences, while non-military housing is mainly found on the outskirts. Greenwood may have started as a quiet hamlet, but today, it thrives as a key part of Canada’s Air Force operations and a close-knit community for those who serve.