Get a New Mortgage

Move the sliders to indicate the price of the home you want and the total income of the people applying for the mortgage.
If your household income is in the green you are pre-approved.
It's that easy!

Move the sliders to customize your mortgage options.
Find the mortgage that best suits you!

We have to get some personal information from you in order to secure your mortgage (don't worry, nothing too personal). This information is for us and our trusted lenders only, and we won't share it with anyone else.

01Pre-Approval
02Mortgage Calculator
03Approval Documentation

Get a Pre-Approved Mortgage Certificate for a guaranteed interest rate.

Fill out the application in Step 3, just skip the house info section!
? Not sure what this means?
Click the question mark for an answer.
House Cost: The price of the home you want. HOUSE COST
Household Income: The total salary—before deductions—of all the people applying for the mortgage. (If you're on commission or self-employed, it's the average of your last three Notices of Assessment from the Canada Revenue Agency.) HOUSEHOLD INCOME
  • HOUSE COST
    N/A
    House Cost: The price of the home you want.
  • INCOME
    N/A
    Household Income: The total salary—before deductions—of all the people applying for the mortgage. (If you're on commission or self-employed, it's the average of your last three Notices of Assessment from the Canada Revenue Agency.)
  • ROUGH PAYMENT
    N/A
    Rough Payment: Roughly what you'll pay monthly on your mortgage.
  • MINIMUM DOWN PAYMENT
    N/A
    Minimum Down Payment: This reflects the minimum down payment of 5%. The remainder from the total house value is how big your mortgage will be. You can adjust this amount in Step 2.

House Cost: The price of the home you want. HOUSE COST Household Income: The total salary—before deductions—of all the people applying for the mortgage. (If you're on commission or self-employed, it's the average of your last three Notices of Assessment from the Canada Revenue Agency.) HOUSEHOLD INCOME
? Not sure what this means?
Click the question mark for an answer.
  • HOUSE COST
    N/A
    House Cost: The price of the home you want.
  • INCOME
    N/A
    Household Income: The total salary—before deductions—of all the people applying for the mortgage. (If you're on commission or self-employed, it's the average of your last three Notices of Assessment from the Canada Revenue Agency.)
  • ROUGH PAYMENT
    N/A
    Rough Payment: Roughly what you'll pay monthly on your mortgage.
  • MINIMUM DOWN PAYMENT
    N/A
    Minimum Down Payment: This reflects the minimum down payment of 5%. The remainder from the total house value is how big your mortgage will be. You can adjust this amount in Step 2.

Get a Pre-Approved Mortgage Certificate for a guaranteed interest rate.

Fill out the application in Step 3, just skip the house info section!
 
? Not sure what this means?
Click the question mark for an answer.

MORTGAGE RATE

(Type of rate on your mortgage)

Variable

Variable Mortgage: Sometimes called a floating rate, this is favoured when interest rates are stable or expected to fall. They generally have a lower and more affordable rate than a fixed term, but there is a risk that the rates will go up.

Fixed

Fixed Mortgage: You can choose the term and associated interest rate that suits your needs and lock in. For the duration of the term, the interest rate and your payments won't change. Choose this option if the interest rates are favourable and you want stable payments over a period of time.
Term: The period for which your mortgage rate is guaranteed.

TERM

(Period mortgage is guaranteed)

Amortization: The time period for paying a mortgage loan, based on fixed payments and a specific interest rate.

AMORTIZATION

(Period you repay mortgage loan)

Frequency: How often you'll make your mortgage payment.

FREQUENCY

(How often you pay installments)

Down Payment: The minimum amount of money paid up front to purchase your home. The minimum is 10%.

DOWN PAYMENT

(Amount put down up front on the home)

Paydown Chart
Mortgage amount ($)
250000
200000
150000
100000
50000
0
5
10
15
20
25
30
Amortization Period (Years)
  • HATCH RATE
    N/A
    Hatch Rate: The interest rate you'll be charged.
  • EFFECTIVE RATE
    N/A
  • DOWN PAYMENT
    N/A
    Down Payment: The amount of money paid up front to purchase your home. The minimum is 10%.
  • TOTAL PRINCIPAL
    REPAYMENT FOR TERM
    N/A
    Total Principal Repayment for Term: The amount of the initial mortgage loan that you'll have paid down at the end of your amortization period.
  • TOTAL INTEREST COST
    FOR TERM
    N/A
    Total Interest Cost Per Term: This is the amount of interest that you'll have paid at the end of your amortization period.
  • BALANCE AT END OF TERM
    N/A
    Balance At End of Term: The amount of principal that will remain at the end of your term period.
  • PAYMENTS
    N/A
    Every Month: The amount you'll pay depending on the frequency of payments (weekly, biweekly, etc.).
  • MONTHLY TOTAL
    N/A
    Monthly Total: The total amount you'll pay on your mortgage each month.

MORTGAGE RATE

(Type of rate on your mortgage)

Variable

Variable Mortgage: Sometimes called a floating rate, this is favoured when interest rates are stable or expected to fall. They generally have a lower and more affordable rate than a fixed term, but there is a risk that the rates will go up.

Fixed

Fixed Mortgage: You can choose the term and associated interest rate that suits your needs and lock in. For the duration of the term, the interest rate and your payments won't change. Choose this option if the interest rates are favourable and you want stable payments over a period of time.
? Not sure what this means?
Click the question mark for an answer.
Term: The period for which your mortgage rate is guaranteed.

TERM

(Period mortgage is guaranteed)

Amortization: The time period for paying a mortgage loan, based on fixed payments and a specific interest rate.

AMORTIZATION

(Period you repay mortgage loan)

Frequency: How often you'll make your mortgage payment.

FREQUENCY

(How often you pay installments)

Down Payment: The minimum amount of money paid up front to purchase your home. The minimum is 10%.

DOWN PAYMENT

(Amount put down up front on the home)

Paydown Chart
Mortgage amount ($)
250000
200000
150000
100000
50000
0
5
10
15
20
25
30
Amortization Period (Years)
  • HATCH RATE
    N/A
    Hatch Rate: The interest rate you'll be charged.
  • EFFECTIVE RATE
    N/A
  • DOWN PAYMENT
    N/A
    Down Payment: The amount of money paid up front to purchase your home. The minimum is 10%.
  • TOTAL PRINCIPAL
    REPAYMENT FOR TERM
    N/A
    Total Principal Repayment for Term: The amount of the initial mortgage loan that you'll have paid down at the end of your amortization period.
  • TOTAL INTEREST COST
    FOR TERM
    N/A
    Total Interest Cost Per Term: This is the amount of interest that you'll have paid at the end of your amortization period.
  • BALANCE AT END OF TERM
    N/A
    Balance At End of Term: The amount of principal that will remain at the end of your term period.
  • PAYMENTS
    N/A
    Every Month: The amount you'll pay depending on the frequency of payments (weekly, biweekly, etc.).
  • MONTHLY TOTAL
    N/A
    Monthly Total: The total amount you'll pay on your mortgage each month.