Compare Mortgage Rates In Canada
Save money on your loans. Compare Canada's best rates
A home is one of the biggest purchases you will ever make in your life. That’s why it’s so critical to find a mortgage lender that can work with you, by providing competitive rates and friendly customer service. LendingArch does just this! We have helped Canadians homeowners finance their homes since 2015, making us an industry leader today. Do you want to save time and be hand delivered brokers who WANT to work with you? Or do you want to chase lenders and brokers all day? A couple of quick questions to see who the right lender is for you is all it takes – oh and its totally free and has no obligation.
Home Equity Loans
Personal loans are often considered “risky” to lenders so they have higher interest rates, however, if you’re a homeowner and you’ve diligently paid down your mortgage then you may qualify for a home equity loan! Since it’s “secured” by your equity the rates are often much more affordable than a traditional personal loans.
Renewing/Financing
Did you know that you may be able to refinance your current mortgage at a much lower rate, even in the middle of your current mortgage term? Our experts help you find a lower rate, or different amortization schedule, which can often save homeowners thousands of dollars a year or even help them pay off their mortgage quicker.
Best Mortgage Rates
How to shop for a mortgage in Canada
A mortgage is a large purchase, and you want to be sure that your lender will protect the investment. What are some of the things you should consider before shopping for a loan? Start by comparing interest rates from local lenders, banks, credit unions or online lenders with family referrals. You can also work with an experienced broker who’ll shop around on your behalf so there’s no need for all those hours spent doing it yourself! LendingArch will offer competing offers without any hassle of doing it yourself! Next use these three steps:
1. Line up your documents
2. Get the price quotes in writing, ask how long they are valid for, are there any hidden fees and what is the interest rate you will be paying
3. Expect that your lender will get you quotes within 3 business days
Mortgage Basics
Should You Renew or Refinance Your Mortgage
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LendingArch Benefits
find a match
We search our database of brokers in Canada and match you with someone who works with people just like you.
LOWER YOUR RATE
Your matched broker will help you find the best rates available. This can lower rates and often payments.
Save money
With a lowered rate you could choose to lower your payments or pay off your home faster.
Find Your match
We search our database of brokers in Canada and match you with someone who works with people just like you.
Lower your rate
Your matched broker will help you find the best rates available. This can often lower rates and payments.
save money
With a lowered rate you could choose to lower your payments and free up your budget or simply pay off your home sooner.
Frequently Asked Questions
This answer will vary for each person and their unique circumstances. Our recommended option is to go through a mortgage broker who will be able to compare rates from multiple lenders for you and secure a great rate.
To get the best rate possible you want to apply when you have a strong credit score and then compare the available options. We make this process easy with our simple form that matches you with someone that can help get you a great rate.
The simple answer is no! Home equity loans are secured by the equity you have built in your home, so they are considered “less risky” to lenders. This often means easier qualifications than a traditional loan and much lower interest rates.
There are quite a few options to pay off a mortgage more quickly! That being said, you should always check to see if you will incur any penalties for doing so with your current mortgage.
Some ways include:
– Make lump sum payments
– Switch to a more frequent payment schedule
– Refinance to a shorter amortization period