Mortgage Resources

Guides, tools, and information to help you

Tools & Guides

Everything you need to know about buying your first home in Ontario.

Calculate your monthly payments and see how much you can afford.

Complete list of documents needed for your mortgage application.

Learn about financing options for rental and investment properties.

How to use your home equity to pay off high-interest debt.

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5 min read

Learn why pre-approval is essential and what to expect from the process.

7 min read

Compare the pros and cons of fixed and variable rate mortgages.

4 min read

Tips to boost your credit score before applying for a mortgage.

6 min read

Beyond the mortgage ? understanding all the costs of owning a home.

5 min read

Don't just sign ? how to negotiate better terms at renewal.

6 min read

Special considerations and options for business owners.

Amortization: The total time to pay off your mortgage, typically 25?30 years.
Closing Costs: Fees paid at the completion of a home purchase (legal fees, land transfer tax, etc.).
CMHC Insurance: Mortgage default insurance required when down payment is less than 20%.
Equity: The portion of your home's value that you own (home value minus mortgage balance).
Fixed Rate: An interest rate that stays the same for the entire mortgage term.
Variable Rate: An interest rate that fluctuates with the prime rate.
Pre-Approval: A lender's conditional commitment to lend you a specific amount.
Principal: The amount borrowed, not including interest.

Have questions about anything you've read? Our expert team is here to help you navigate your mortgage journey.