Mortgages Canada
Home purchase financing, refinancing, and home equity solutions for Canadian homeowners.
Apply NowAbout Mortgages
Mortgages are loans secured by real estate, allowing Canadians to purchase homes without paying the full price upfront. Whether you are a first-time buyer, looking to refinance, or investing in property, finding the right mortgage is crucial.
How Mortgages Work
With a mortgage, the property serves as collateral for the loan. You make regular payments covering principal and interest over the amortization period. Canadian mortgages typically have terms of 1-5 years with amortization up to 25-30 years.
Benefits of Mortgages
Mortgages make homeownership accessible by spreading costs over decades. They often have lower interest rates than unsecured loans, and homeowners can build equity over time. Various options exist for first-time buyers and those with unique situations.
Key Features
Fixed and variable rates
Various amortization periods
Prepayment options
First-time buyer programs
Renewal and refinance
Common Uses
- First home purchase
- Home refinancing
- HELOC options
- Investment property
- Second mortgage
- Mortgage renewal
- Debt consolidation
Requirements
- Steady employment income
- Good credit history
- Down payment (5-20%)
- Debt service ratios
- Property appraisal
Loan Details
Amount Range: $50,000 - $2,000,000
Term Range: 60 - 360 months
Apply for Mortgages
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