Refinance Your Home

Move the sliders to indicate the value of your home, the amount needed, and your household income.
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.
How Much is Your House Worth: The current value of the home you're refinancing. You can borrow up to 80% of its value.

VALUE OF HOME

(Current market value)

How Much Do You Need: The amount of the mortgage you want to take out. It can be up to 80% of the value of your home.

AMOUNT NEEDED

(Amount of mortgage you wish to take out)

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

(Total income of people on mortgage)

  • MORTGAGE REQUESTED
    N/A
    Mortgage Requested: The amount of the mortgage you want to take out. It can be up to 80% of the value of your home.
  • INCOME
    N/A
    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. (In the next step, you'll decide on payment options to firm up this number.)

How Much is Your House Worth: The current value of the home you're refinancing. You can borrow up to 80% of its value.

VALUE OF HOME

How Much Do You Need: The amount of the mortgage you want to take out. It can be up to 80% of the value of your home.

AMOUNT NEEDED

How Much Do You Make: the amount of the mortgage you want to take out, which can be 80% of the value of your home.

HOUSEHOLD INCOME

? Not sure what this means?
Click the question mark for an answer.

(Current market value)

(Amount of mortgage you wish to take out)

(Total income of people on mortgage)

  • MORTGAGE REQUESTED
    N/A
    Mortgage Requested: The amount of the mortgage you want to take out. It can be up to 80% of the value of your home.
  • INCOME
    N/A
    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. (In the next step, you'll decide on payment options to firm up this number.)

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)

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
  • 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)

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
  • 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.