Your mortgage is likely the largest debt you’ll ever have in your life. When you agree to a mortgage, you’re signing a legal contract promising to repay the loan plus interest and other costs. Your home is collateral for that loan. The principal is simply the sum of money you borrowed to buy your home. To lower your principal amount upfront, you can put down a percentage of the home’s purchase price as a down payment.

In addition to your principal and interest, your mortgage payment will likely include taxes. The taxes are property taxes your community levies based on a percentage of the value of your home. Lenders won’t let you close the deal on your home purchase if you don’t have home insurance, which covers your home and your personal property against losses from fire, theft, bad weather and other causes.

IMPORTANT INFORMATION: New mortgage rules will ‘reduce the risk’ a housing crash poses to Canada’s economy

Check now how much the mortgage for your house would cost by using our Mortgage Calculator

ADVANTAGES OF USING A MORTGAGE BROKER:

INDEPENDENT ADVICE

Because we provide mortgages from various lenders, you're not tied to one lender or one type of mortgage.

MORE MORTGAGE CHOICES

Through our Mortgage Market technology, we have electronic access to major lenders in Canada, so we're able to show you a wide range of rates and features available to you.

WE WORK HARD TO GET YOU A COMPETITIVE RATE

Fast, convenient, local service. We are here to keep your mortgage moving forward. What's more, you're working with a local business person with ties to the communities where they do business.

SPECIALIZED KNOWLEDGE

Through training and certification, we have a good understanding of available products, features, and rates. We're also great at explaining the sometimes complex industry specific language in everyday terms, so you know exactly what you're getting into.

REPUTABLE LENDERS

We deal with reputable and established Canadian financial institutions. Plus, we have access to mortgage specialist-only lenders who offer competitive rates and features that you may not find at your local financial institution.