Are you ready to find the best mortgage rate?

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Province
Property Value The value of your new dream home (an estimate is fine).
Down Payment The initial upfront portion that you need to pay for the home. Your down payment needs to be at least 5% of the property value and 20% to avoid mortgage default insurance.
Mortgage Balance How much you still owe on your mortgage.
Additional Cash OPTIONAL - Refinancing? Add how much extra you're looking to borrow against the capital you have already built up in your home. Just remember - you can't go over a total mortgage value of 90% of your property value.
Mortgage Value The amount of money you'll need to borrow (but don't worry, we've calculated this for you).
Mortgage Type Fixed vs Variable
FIXED: mortgage rate does not change during your term - in other words you are locked in. VS. VARIABLE: mortgage rate changes during the term with the lender's prime rate.
Open vs Closed
CLOSED: you cannot pay off your mortgage early during the term without being charged a penalty. VS. OPEN: you can pay off your mortgage early with no penalty during the term.
HINT: Help! I'm a Mortgage Newbie, if you're not sure what to choose you're probably looking for a closed rate.
Mortgage Term How long the mortgage agreement is set for.
HINT: Help! I'm a Mortgage Newbie, if you're unsure what to select a five year term is the most popular choice.
Amortization Term How long it will take you to pay off your mortgage. If you're buying a home, the default value is 25 years.
Payment Type Basically how often you want to make your payments each month.
WISE MOVE: Looking to save MORE on your mortgage? Choose a rapid payment schedule.

FAQ | 4 Steps to Finding the Best Mortgage Rate

1

Give us some Info.

Enter your details above so that we can personalize your search and click on the "Compare Rates" button to start your search.

2

Crazy Smart Results.

Using the info you provide, our crazy smart mortgage engine goes out and compares the entire market, giving you the best mortgage rates.

3

Compare, Compare, Compare.

From the results, you can compare to find the best rate for you OR alter your search to find the best mortgage based on different options.

4

Talk to a Mortgage Expert.

See an offer you like? Got a question? Arrange for a call back from a Mortgage Specialist - no credit checks and no obligations.

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How much can I afford?

Want some help finding out how much you can afford? Find out how much you can afford based on your lifestyle with our: Affordability Calculator >

What will my monthly payments be?

Our Mortgage Calculator calculates your monthly payments (imagine that!), and helps you find ways to save money on your mortgage.Mortgage Calculator >