Toronto Mortgages

Over 80 mortgage lenders in one place. Save on monthly payments by getting lower rate.

Free Qualification for a Mortgage in Toronto
(Pre-approval)

To find out how big of a mortgage you qualify for in Toronto, please fill out our mortgage qualification form. We will contact you by email or phone and detail the amount you are approved for.

Toronto mortgage pre-approval is a no cost and no obligation process. Once approved, we guarantee the amount of money needed to buy your home based on information you provide (credit score, income, etc). After pre-approval for a mortgage in Toronto you can go shopping for a home with the best location, view and condition, knowing that you have purchasing and negotiating power with the seller. Show them you mean business.

We also freeze interest rates for 60 days whenever you want.

What affects my mortgage qualification in Toronto? Your income, credit score and down payment have biggest impact on Toronto mortgage qualification. MortgagesCanada.ca approves most applicants, since we have 60+ lenders to shop and offer different mortgages such as: first mortgages, no or bad credit mortgages and mortgages for self employed individuals.

Use our mortgage calculator to find out how much per month you can afford.

MortgagesCanada.ca has access to home loan lenders in Toronto and across Canada. We can find Toronto mortgages with low rates and fees in order to help you save money on monthly Toronto mortgage payments and give you more cash for furniture, renovations, car payments and other expenses.

Bad or No Credit Toronto Mortgage Qualification

If you have, poor or no credit, MortgagesCanada.ca can qualify you for a good mortgage in Toronto, with fair rates and terms. MortgagesCanada.ca works hard to find supreme lenders that offer moderate rates with favourable mortgage terms. Something our competition can’t touch. Please fill out this mortgage form if you have no or poor credit and currently need a mortgage in Toronto.

First Mortgage

Get your first mortgage in Toronto at economical monthly payments, matchless interest rates and minimum mortgage fees. MortgagesCanada.ca helps you purchase a home in a nice neighbourhood and with capacious square footage.

In order to find out how big of a Toronto mortgage you qualify for, please fill out our Toronto mortgage qualification form. After you are approved for a mortgage in Toronto, we will e-mail, fax or mail(by ground) a document detailing the amount available to borrow. You can then go shopping for a home and make an offer when you find a home that feels right.

To estimate how much per month you can afford, use our mortgage calculator.

What do I need to get a mortgage in Toronto? To get a mortgage in Toronto, you need to:

Have full time employment.
Provide proof of income
Have good credit
Put 5% down payment

What can I use for the Down Payment? Minimum mortgage down payment is 5%. If you do not have 5% use our no down payment mortgage, with 100% financing. You can also use Registered Retirement Savings Plan(RRSP), provided by Canadian government to a maximum amount of $20.000 per person. Find out more.

No or Bad Credit? Find wealth of Toronto mortgages over here.

How much does it cost to get a home loan in Toronto? Our services are completely free. Just pay for legal fees, appraisal and document preparation. Those costs can be covered by your down payment, but can be paid separately if you prefer.

What will my Toronto mortgage monthly payments be? To find out, use our mortgage calculator.

MortgagesCanada.ca wields access to Canadian lender network, including: major Canadian banks, US banks and private Canadian lenders. Combined power of choice is passed on to you with marked down interest rates, chopped fees, friendly mortgage terms and moderate monthly payments, so you can spend more money on furnishing, renovation, appliances and other assets needed for your first home!

After you are approved will walk you through the process of completing your first home purchase, step by step. MortgagesCanada.ca does the required paperwork, procedures and gathers financial information needed for successful first time home ownership. Let us advice you in this gracious moment and match you a supreme mortgage in Toronto!

Toronto Mortgage Refinance
(Mortgage Renewal / Transfer)

By refinancing your Toronto mortgage at a lower rate than your current interest rate, you save money on monthly mortgage payments, free up more cash for the wallet and pay less in the long run.

You can also shorten the life of your Toronto mortgage (term), by choosing a shorter term (10 years, 15 years, etc).

How much can I save by refinancing? This depends on your current interest rates. Savings range from $90, $120, $230 and go up to $530 per month.

When should I refinance my Toronto mortgage? When interest rates drop 1.5%+ below your current mortgage rates. This way you not only save on monthly mortgage payments, but on interest payments over the life of your Toronto home loan.

How much does it cost to refinance a mortgage in Toronto? To refinance a mortgage in Toronto just pay for the document preparation, legal fees and appraisal. At MortgagesCanada.ca we work hard to run down those costs to a minimum and make sure you begin saving cash swiftly after refinancing your Toronto mortgage! You can also include the fees in total amount you borrow.

How soon can I refinance a mortgage in Toronto? If you have a mortgage longer than one year, there shouldn’t be any problems. Contact MortgagesCanada.ca and we will take care of all the nuances.

MortgagesCanada.ca offers a gorgeous line up of mortgage refinance options in Toronto. We do not work with one bank or one institution, but shop over 60 lenders in Toronto and throughout Canada in order to offer reduced monthly payments and unrivalled mortgage terms to our Toronto customers. Let us earn your business through faithful lending practices and open relationships!

Mortgage for Self Employed in Toronto

MortgagesCanada.ca and our competitive lender network finance mortgages in Toronto up to 95% of the property value. We do not require income and tax verification. Simply state whatever your income and forget about tax forms.

Self employed Toronto mortgage applies to: business owners, consultants, contractors, seasonal workers, freelancers and commission sales people.

In order to qualify for self-employed mortgage in Toronto you will need:

Good Credit history(no late payments, no foreclosures and bankruptcies)
Must be self employed for at least 2 years.
Provide proof of incorporation or GST account number

The biggest factor is your credit rating. Having a clean record will get you lower mortgage interest rates in Toronto. When filling out Toronto mortgage form, declare what you earn and we will match you a quality Toronto mortgage.

If you can provide 25% or more down payment, you get a “no documentation loan”, where credit rating and other information has no impact.

Getting a competitive deal on a Toronto mortgage as a self-employed person is a matter of contacts and knowledge of who to ask and where to go. Once you know that, don’t be surprised to find you're offered normal interest rates and terms. Let MortgagesCanada.ca dig you up a Toronto mortgage that doesn’t bite with rates and actually suits your real income.

We find a lender that provides low-documentation or no-documentation Toronto mortgage and do all the required paperwork. The service comes at no cost. You get lower interest rates, more cash each month and larger savings in the long run.

No Down Payment Mortgage

Save money for renovation, furniture and home appliances by getting a no down payment 100% mortgage in Toronto!

You may have just finished school without getting a chance to save or just want to keep your saved money for other purposes. Maybe you just want to settle down? No Problem!

In order to find out how big of a no down payment Toronto mortgage you qualify for, please fill out Toronto mortgage application.

To qualify for a no down payment 100% mortgage in Toronto you need to:

Have good credit(no late payments, bankruptcies, foreclosures).
Have 2 years in the same line of work and work a minimum of 6 months with a company.
Pay for legal fees, appraisal and document preparation.
Your property must be located close to or in Greater Toronto Area: Toronto, York Region, Markham, Richmond Hill, Vaughan, Mississauga, Oakville, Newmarket, Aurora, Pickering, Ajax, Whitby, Oshawa, Clarington, Brock, Scugog, Uxbridge, Peel Region, Hamilton, Halton Region and other GTA areas (may not be listed here).

Start building home equity right away by getting 100% Toronto mortgage with MortgagesCanada.ca. Our lovely staff will take warm care of your home mortgage application and let you know the amount you qualify for. After we approve you for a 100% Toronto mortgage, you can go shopping for your new home, knowing you got your back covered.

100% no down mortgage in Toronto!

No down payment Toronto mortgage is perfect if you want to switch from rent to home ownership and actually put the money paid every month to work for yourself. The difference is in slightly higher payments, but the rewards are home equity and your very own place that will bring warmth and safety for years to come.