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Nesto is a Canadian digital mortgage lender. Nesto was created by Diagram - a company that deals in financial services, healthcare, and insurance.Getting Started
The application process on Nesto requires you to fill out forms online. Required documents on Nesto may vary based on the borrower’s profile or loan type. “Get in touch” with mortgage experts on Nesto to seek advice or their opinion. Information upon sign-up on Nesto is used to provide tailored options. Nesto product options can be found and confirmed online. The question they ask varies but is based on several factors peculiar to your request. The inquiry and approval process on Nesto may take less than 24 hours. After sending in the application, an agent will review it and tell you what to do next.
Smarter Loans is one of the most reliable financing companies in Canada. Requirements are personal information, credit score, and gross monthly earnings. Over 80 financial brands are accessible on the Smarter Loans directory.Services
Smarter Loans provides business, mortgage, vehicle, personal loans, and more. Lender profiles are attached to Smarter Loans for clients' consumption. The borrower's financial status is pre-accessed to offer suitable financing options.Partners
Smarter Loans partners with banks, online lenders, and credit unions. They are an one-all point of contact for the loan processes.
Neo Financial offers several digital finance services across Canada including a cashback card, high-interest savings account, and a competitive, digital mortgage solution.Mortgage Features
Neo Mortgage is a fully-digital solution, ideal for borrowers on the go or with limited time. Neo works with a network of lender partners so they can find their customers competitive rates. Plus you can lock in a rate for 120 days if you choose to consider your options or shop around.
BMO offers several mortgage solutions to Canadian residents including fixed and variable rate mortgages if you're looking to buy a new home or refinance your mortgage. Additionally, they offer a Homeowner ReadiLine® solution. This is a unique lending option that combines a mortgage with the flexibility of a line of credit.Perks of BMO Mortgages
BMO frequently offers promotions such as cashback offers when you get a mortgage with them. To access these offers, sign up by clicking the button above and ask your BMO mortgage specialist if you are eligible for any offers after you're pre-approved. Another great reason to go with BMO for your mortgage is because they offer a 130-day rate guarantee. That's longer than what any major bank in Canada* when it comes to holding your rate for you. This gives you more time to find your ideal home.
*BMO guarantees your interest rate for the selected fixed rate mortgage type and term for up to 130 days from the rate guarantee start date. If the mortgage is not funded within the 130-day period, the interest rate guarantee expires. Applicable to residential mortgages only and subject to Bank of Montreal standard lending criteria for residential properties. Longest rate guarantee of any major Canadian bank as of January 9, 2023.
Lower Financial is Canada’s premium mortgage broker offering every type of mortgage in any location across the country.Why Lower Financial?
They offer mortgage solutions for any kind of home financing solution. If you're buying property for yourself, as an investment, or for your business, they can help. Plus they offer solutions for you to withdraw cash from your home equity.
Although it has its headquarters in Toronto, Ontario, Loans Canada provides its services across the entire country. It provides a toll-free hotline on its website for customers to call with any inquiries.Who it's for:
Loans Canada's main benefit is that it eliminates the need for you to conduct your own research. It takes one loan application submitted through its website or app and checks it against its extensive lender database to find the best possible match.How it works:
The system at Loans Canada lets borrowers evaluate and review lenders, so you may learn more about whether or not a suggested lender is a good fit for your needs. As an added bonus, Loans Canada's rating system helps identify and eliminate lenders with a history of subpar customer service.
Loans Canada provides a comprehensive resource center to help its clients finally eliminate their debt. Borrowers can take advantage of the resource center to meet their urgent financial obligations and strengthen their long-term financial standing.
Homewise is a licensed online mortgage platform that provides direct mortgage service or through a mortgage brokerage. Top lenders, including banks, private lenders, and credit unions, work with Homewise.Getting started
Personal, employment, address, and other information will be required during the application. Homewise features a calculator resource for measuring the affordability of the mortgage loan and expectation of home purchase.Support
Free support and access to advisors if you get stuck in the process. Clients are usually paired with deals that seem best for them. They handle mortgage negotiations on behalf of clients. Homewise also features mortgage refinancing. You can even switch between mortgage lenders on Homewise.
Meridian offers a wide range of mortgage services, similar to big banks. You don’t have to be a Meridian member for mortgage pre-approval but must reside in Ontario. To apply for a Meridian mortgage, create a profile, submit your application and await final approval.Other offers
Meridian offers other financial deals aside from mortgage solutions. Aside from being an Ontario resident, income, credit profile, and loan type are also considered before approving a Meridian mortgage loan. How much you can borrow from Meridian is based on several factors.Customer service
You can reach customer care representatives using the toll-free phone number on their website. Proof of identity, finance, health, social insurance number, or more are required for documentation.
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There are a few different factors that affect mortgage rates. The size of your deposit has a big effect on how much your mortgage will cost because it determines the mortgage amount you wish to borrow. The more you have to offer for a deposit, the lower rate your mortgage lender can offer. Your credit history also affects the price of your mortgage. Your credit history helps lenders assess your level of risk as a borrower based on how you’ve paid off debt in the past.
For 5-year mortgages the current rate is around 1.85%, 7-year mortgages have a rate of 2.64%, and 10-year mortgages have a rate of around 2.95%. Variable rate mortgages have a rate of around 1.39%.
You are already taking the first steps to saving on mortgage rates. When you apply with Comparewise, we automatically match you with the best deal for your situation.
Fixed-rate: Fixed-rate mortgage rates allow you to set the rate of your interest at a predetermined amount for the length of time set out in your mortgage agreement. This means that the amount you pay per month will remain the same even if the base rate of interest changes over time. It also means that your lender cannot change the rate of interest you pay until the period of time in your agreement is over. Variable-rate: Variable rate mortgage rates allow your lender to change the interest rate on your mortgage. This means that your monthly payments could change over time too. This means that some months your mortgage payment may be more than you expected and some months you may end up paying less. These types of mortgage generally come in two forms: tracker and standard variable.
Finding the right mortgage deal makes a big difference in your financial future. Before signing a mortgage deal, a factor you should confirm is how much you are comfortable borrowing. You should also make sure that you are putting down an affordable amount as a deposit and that you’ll be able to reasonably make the monthly payments. Being honest with yourself through the mortgage process will benefit you in the long run and can help your mortgage lender get a clear idea of the deal you are prepared to accept.