MortgageToGo.ca Frequently Asked Questions
MortgagesToGo.ca is an online mortgage brokerage that specializes in offering competitive mortgage rates for Canadians. Whether you’re looking for a home loan or refinancing your existing mortgage, our team of experienced brokers can help you find the best rates available from various lenders. With our extensive network of lenders and decades of experience, MortgagesToGo.ca is committed to providing you with the knowledge and support needed to make a well-informed decision on your mortgage financing needs.
What types of mortgage products do you offer/specialize in?
MortgagesToGo.ca offers mortgage products to meet the needs of many different types of borrowers. We specialize in providing mortgages and other services to those who are purchasing a home, refinancing a home, wanting to invest in commercial or residential properties, or looking for assistance with debt consolidation.
Our selection of mortgage products includes:
- Conventional mortgages
- Rental financing
- Second mortgages
- Private lending
- Vacation homes
- No income/no asset (NINA) loan options
- Commercial mortgages
How does MortgagesToGo.ca work?
MortgagesToGo.ca is an online resource designed to provide you with helpful information and tools to make the process of getting a mortgage easier. With our intuitive tools, you can research and compare different options, find out what you can afford, and even apply right online.
Is MortgagesToGo.ca available everywhere in Canada?
Yes! MortgagesToGo.ca is a great online source for getting mortgage information and advice. This service is available to all Canadians, regardless of where in the country they reside.MortgagesToGo.ca is available for anyone, anywhere in Canada! If you are looking for help with Mortgages, or other services that we offer, contact us today!
How do I get the lowest mortgage rate?
So you want to get the lowest mortgage rate in Canada? Well, you’ve come to the right place! From knowing your credit score to understanding how interest rates are determined, by the end of this article, you’ll have a comprehensive understanding of how to find the lowest mortgage rate in Canada.
Mortgage rates tend to vary based on a number of factors including the current market conditions, the type of lender, and the borrower’s creditworthiness. Here are some of the key factors that influence mortgage rates in Canada:
The Bank of Canada’s Overnight Rate
- Current Market Conditions
- Type of Lender
- Creditworthiness
The Advantages of using MortgagesToGo.ca
- Being able to compare different mortgages from major Canadian lenders
- Getting a personalized report that helps you make well-informed decisions about your mortgage
- Having access to expert advice from knowledgeable mortgage professionals
- A secure online environment with privacy and safety considerations
- Accessing current interest rates and new products
- Being able to find tailored solutions for your financial situation
- How do I get the lowest mortgage rate?
You’ll want to consult your friendly mortgage broker and financial institutions to see if there are any better mortgage rates out there for you. And may even have a better mortgage option.
While you may not choose us for your mortgage renewal, we will always do our best to provide you with the top mortgage rate for your renewal.
There are a number of different mortgage options to choose from, and each comes with their own pros and cons. It’s important to analyze what you are looking for, your situation and choose the mortgage that best fits your needs.
Who can apply to MortgagesToGo.ca?
Anyone that resides in Canada, or that is looking to buy a property in Canada. Just fill out our simple form, and one of our MortgagesToGo.ca mortgage brokers will contact you.
What is the Home Buyer’s Plan? What’s available as a first-time home buyer?
The Home Buyers’ Plan (HBP) allows you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to purchase or build a qualifying home for yourself or a closely related person with a disability. The HBP allows you to pay back the withdrawn funds over a 15-year period.
The First-Time Home Buyer Incentive is a shared equity mortgage with the Government of Canada, which offers: 5 or 10 percent for a first homebuyer’s purchase of a new-built home or resale (existing) home.
How long can I hold my rate for?
Most of our lenders will offer rate holds for 30, 45, 60, 90 or 120 days.
Can I adjust my mortgage payment schedule?
You may only be permitted to increase your payments in a given calendar year, depending on your mortgage agreement. Check your contract for the specific amount. If you increase your payments by an amount over your prepayment privilege allows, you may have to pay a penalty.
When would I have to make my first mortgage payment?
Generally, a borrower’s first mortgage payment is due on the first day of the month after their 30-day home ownership period is complete. Add 30 days to your closing date, then go to the first day of the first month following.
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