Mortgages
A quarter point on a mortgage is worth thousands over the term. Compare purchase, renewal, refinance and home equity options from Canadian lenders, and see the payment before you commit to a five-year contract.
Run the numbers
Set the mortgage amount, amortisation and rate to see your monthly payment and the total interest over the full amortisation.
Estimate your payment before you apply. Move the sliders to see how the amount, term and rate change what the loan actually costs you.
Estimated monthly payment
$2,862.10
Estimates only, based on equal monthly payments and the rate you enter. Your actual offer depends on the lender, your credit profile and any fees.
How it works
No branch appointment required to find out where you stand.
Tell us the amount you need and a little about your situation. It takes about two minutes and never touches your credit score.
See the lenders you qualify with side by side — rate, term, monthly payment and fees — and pick the one that costs you the least.
Finish the application with the lender you chose. Several of our personal loan partners deposit funds within 24 hours of approval.
Approval comes down to three things: your down payment or existing equity, your income relative to your debts, and your credit history. Lenders test affordability with two ratios — housing costs against gross income, and total debt payments against gross income — and qualify you at the federal stress test rate rather than your contract rate.
Under 20% down means default insurance is mandatory and the premium is added to your mortgage. Twenty percent or more avoids the premium and opens up more lender options, including refinances later on.
Your lender's renewal letter is an opening offer, not a final one. Start shopping about 120 days before maturity — that's the window in which most lenders will hold a rate for you while you decide.
Refinancing can free up equity for renovations or to consolidate high-interest debt at a mortgage rate. Weigh the savings against the penalty for breaking your current term, plus legal and appraisal costs. A HELOC is the flexible alternative when you need access to funds over time rather than a lump sum.
Partners
High approval rates
The wide amount of credit scores that they service with high approval rates.
Amounts, terms and credit requirements are supplied by each lender and may change without notice. Links to lenders are paid partnerships.
Borrow $1,000–$50,000 for anything, with offers for every credit tier.
Get pre-approved for auto financing before you set foot in a dealership.
Consolidate high-interest balances into one lower monthly payment.
Working capital and expansion financing for Canadian small businesses.
Compare Canadian mortgage and home equity options with no obligation and no impact on your credit score.