For buyers who need a workable budget before they write an offer on a primary home in Ontario.
We map pre-approval, insurer rules if the down payment is under 20%, and closing funds so the firm date is not a scramble.
Pre-approval is a snapshot—not a promise that a specific property will fund.
Next step: book a call with target price, down payment, and timeline, or start the Apply link.
For purchases with under 20% down on a qualifying owner-occupied home where CMHC, Sagen, or Canada Guaranty may apply.
Insurance can unlock longer amortizations and smaller down payments when price caps and occupancy rules are met.
Premiums are real costs, usually added to the loan—not “free money.”
Next step: send purchase price, down payment, and occupancy so we can check insurer fit before you firm up.
For owners who want a new first mortgage to change rate or term, or to pull equity for renovations, investment, or debt.
It fits when break penalties and fees still leave you ahead, and the new payment clears lender tests.
Skipping the penalty math is the usual mistake—run costs before you commit.
Next step: use the equity-room tool, then share balance, rate, and what the funds are for.
For buyers adding a rental, cottage, or second property where down-payment and servicing rules differ from a primary home.
Lenders often want more equity in and will stress rental income and your existing housing costs together.
Assuming primary-home rules will apply is a common snag—property type and use drive the box.
Next step: outline the property type, intended use, and how much cash you can put down.