FAQs

Refinance when market rates drop below your current rate, or if you want to access home equity, reduce monthly payments, or switch to a fixed-rate mortgage for stability.

To qualify, you must pass a mortgage stress test, proving you can afford payments at a higher qualifying rate than your actual contract rate—even if mortgage insurance isn’t required. Lenders also assess income, credit score, and debt levels.

In Canada, mortgages typically come with either fixed or variable interest rates. A fixed rate stays the same for your entire mortgage term, offering stability. A variable rate changes based on the lender’s prime rate, meaning your payments can fluctuate. Most mortgages are amortized over 25–30 years, with terms ranging from 1 to 10 years.

We work with a network of trusted lenders and match you with one based on your credit profile, income, goals, and property type, ensuring the best fit for your needs.