Current Ontario Mortgage Rates
Quick Mortgage Definitions / Terms / Facts
Is my personal information safe?
Absolutely. Your privacy and security is of the utmost importance to us. After logging into this system, your information
is encrypted so your personal information cannot be accessed or viewed by anyone without the proper privileges. We
maintain the highest level of security and data encryption available throughout your loan process.
How do I know what loan program is best for me?
Choosing your loan program can be difficult. After selecting your loan preferences during the application process,
your Loan Officer will be happy to provide you a personal consultation to select the loan best suited to your needs.
What happens after I complete the application?
We immediately receive, review and run your application through Automated Underwriting AU. We can often provide a
Credit Approval within 24 hours. Part of completing the application is informing us how you prefer we get back in
touch with you by telephone, e-mail, etc.. A Credit Approval is based upon the information you put on your
application and your credit report.
What are FHA loans?
FHA loans are loans that fit under the guidelines set by the Federal Housing Administration, which is a
government agency under the direction of the Department of Housing and Urban Development HUD. Some
individuals may qualify under the guidelines set by FHA that would not qualify under the guidelines set by
Fannie Mae and Freddie Mac.
Steps to Getting a Ontario Mortgage?
Get a Free Credit Report!
The first step to getting a Ontario mortgage is to know your credit score.
Understanding your credit report is a critical part to getting your mortgage.
Raise your score while you shop for your Ontario home to get the lowest rate at closing, with a few easy steps you can easily raise your score in within a few months.
Get your Credit Score
Build Your CreditPrequalify today for a new MasterCard that matches your credit profile. Risk Free. Start Now.
Increase Your Credit Score
Increase Your Credit Score – When you make your payments regularly, you improve your credit rating. Once your pre-payment penalty period is over, you should be able to refinance your mortgage loan for a much lower interest rate. After your bankruptcy has been discharged for over 2-3 years, you should have a much easier time qualifying for a lower interest rate mortgage loan.
Lending Tree Mortgage Calculator
Compare Ontario local and national bank lenders.
Ontario Mortgage Lenders are among some of the most stable and succesful in the country. Now is the time to get a new or refinanced mortgage while CANADA interest rates are low!
Mortgage Qualification Guidlines
Lenders carefully scrutinize your qualifications in order to ascertain how much the maximum amount of money you could afford to pay them every month. They do so by plugging your information into certain formulas that give fairly accurate predictions. Should these predictions prove that you can afford to pay the monthly dues that will be stipulated by the loan, you are most likely to be granted the mortgage loan.
