Lowest Rates Blog: Mortgage

This article has been updated from a previous version.*

When it comes to shopping for mortgages, most homebuyers in Canada tend to take a conservative approach. 

Mortgage pre-approvals are a great way to prepare for purchasing a home. Essentially, what a lender is trying to do with the pre-approval process is get a lot of their paperwork out of the way before you find the house of your dreams and want to immediately put in an offer.

Breaking a variable-rate mortgage is fairly straightforward. Breaking a fixed-rate mortgage? Not so much.

Some lenders offer accelerated payments as a means of paying off your mortgage quicker. Here’s what you need to know.

You can’t put it in the back of your car when you move, but you can take it from one home to another.

Three months worth of interest payments or an interest rate differential fee? You should do the math.