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Best Rates In

5.24%

5 Year Fixed

$2,381

monthly

15% increase to regular payments.

15% pre-payment allowed.

6.19%

5 year Variable

$2,605

monthly

20% increase to regular payments.

20% pre-payment allowed.

6.49%

4 Year Fixed

$2,503

monthly

20% increase to regular payments.

20% pre-payment allowed.

6.71%

3 Year Fixed

$2,559

monthly

20% increase to regular payments.

20% pre-payment allowed.

6.79%

1 Year Bad Credit

$2,580

monthly

15% increase to regular payments.

15% pre-payment allowed.

Available for business for self, and bruised credit. Rates vary depending on the credit.

7.70%

Open Home Equity Line of Credit

$2,819

monthly

100% increase to regular payments.

100% pre-payment allowed.

10.24%

1 Year Private Mortgage

$3,519

monthly

0% increase to regular payments.

0% pre-payment allowed.

Low credit, No income, Self-employed up to 80% loan-to-value. Fees may apply

12.95%

1 Year Private Mortgage

$4,304

monthly

0% increase to regular payments.

0% pre-payment allowed.

Second Mortgage up to 85% loan-to-value.

Find the Best Mortgage Rates - Compare Canadian Mortgage Rates

Fixed rate mortgage is popular in Canada and the most popular term selected is the five-year fixed rate mortgage. Fixed-rate mortgages are available in many different term lengths ranging from six months to ten years. The longer the fixed-rate term, the higher the interest rate tends to be.

Variable rate mortgage Historically most financial experts accept that in Canada selecting a variable rate mortgage results in less payments in interest over time. However, a variable rate mortgage cannot offer the financial stability and budgeting capabilities that a fixed-rate mortgage can.

Hybrid mortgages are also being chosen by many Canadians. These are mortgages wherein a portion of the loan is locked at a fixed-rate for a specified term while the other portion is subject to the current variable rate.

Many variable rate mortgage terms allow the ability to lock-in at a fixed-rate at any point within the selected term. When prime rate appears to be on the rise, variable rate mortgages can lock into the current fixed-rate mortgage rates and pause the rising of interest.

Cash back mortgage allow borrowers to receive money back after the closing of a home loan. These types of mortgages are perfect for borrowers who could use extra cash during the mortgage process.

Closed mortgage closed mortgage, also known as a long-term mortgage, fixed mortgage or closed-end mortgage, is a type of home loan where the borrower agrees to follow specific repayment rules. These repayment options are often limited, making it difficult to prepay or quickly pay off the entire mortgage.

Convertible rate mortgage starts out as an adjustable-rate mortgage but can be changed to a fixed-rate mortgage after a specific period of time. This gives borrowers more options when it comes to paying back their home loan. Convertible mortgages also offer flexible payment schedules, whether weekly, bi-weekly, monthly or semi-monthly.

Open mortgage is a type of home loan that allows a borrower to pay down their mortgage as quickly as they wish, prior to the maturity date of the mortgage term, with no pre-payment penalties. The cost, however, is that open mortgages are normally attributed to high interest rates, which has made open mortgages historically unpopular among Canadians.

Reverse Mortgage A reverse mortgage and equity release are similar as the owners have access to the home equity without selling their home. This type of mortgage is for seniors at least 55 years old. The lender would provide funds to homeowners up to a certain percentage of the property value. Homeowners can either obtain all the funds at once or opt for a monthly payment.

Home Equity Loan Home equity loans allow homeowners to borrow against their home’s value. If you are a homeowner and need access to funds, we can help, regardless of credit, income or age.

Business for Self-Mortgage Mortgages for self-employed who do not meet the traditional criteria of a mortgage. Mortgagexl.com offers programs that would allow self-employed individuals to obtain a mortgage, regardless of their income or credit.

Bad Credit Mortgage Individuals who have bad credit are still able to obtain a mortgage, however, interest rate tends to be higher compared to good credit mortgages. 

Private mortgage are mortgages that are being provided by individuals or companies that are not your typical banks. It is usually for individuals who are having trouble getting a mortgage usually because of their credit, income or property type.