Mortgage Guide
Get clear answers to your mortgage questions — from rates and terms to monthly payments. This guide will help you make confident, informed decisions every step of the way.
Mortgage Guide
Understand mortgage rates, calculate your payments, and make confident decisions.
What is a Mortgage Rate?
A mortgage rate is the interest you pay on your home loan. It can be fixed or variable and is usually tied to a specific term (e.g., 5 years fixed).
What is a Mortgage Payment?
Your mortgage payment is the amount you owe each month — this includes both the principal and interest, based on your rate, amortization, and loan size.
Step-by-Step
1. Compare Mortgage Rates
Start by exploring the best available rates from top lenders in Canada.
View Rates2. Calculate Your Payments
Use our calculator to estimate what you’ll pay each month based on your rate and down payment.
Use CalculatorFAQs
A higher credit score usually helps you qualify for better interest rates, as lenders see you as less risky. Lower scores may mean higher rates or more restrictions.
Yes — a pre-approval gives you a clear idea of your budget and shows sellers you're a serious buyer. It also helps you lock in a rate while you shop.
Amortization is the total length of your mortgage (e.g. 25 years), while the term is how long your current rate is locked in (e.g. 5 years fixed).