Choose Your Mortgage Goal
Buying, renewing, refinancing, accessing equity or exploring another financing path.
Mortgage Tools for Canadian Borrowers
Mortgage Tools Canada. Plan Smarter. Move Forward With Clarity.
Understand your mortgage numbers before making a big financial decision. Explore calculators, online application guidance and mortgage rate holds in one place.
Whether you're buying your first condo in Vancouver, renewing a Toronto mortgage, refinancing in Calgary or planning a purchase in Halifax, start with the tool that answers your most important question.
Estimates and online inquiries are planning steps, not guaranteed mortgage approval or interest-rate offers.
Start with the right question.
Estimate payments, prepare
your information or
understand rate holds.
Built Around Real Mortgage Questions
Better Mortgage Planning Starts Before the Application
Canadian mortgage decisions involve more than finding a rate. You also need to understand monthly affordability, closing costs, lender requirements, repayment flexibility and the timing of your purchase or renewal.
MortgageSaver brings together tools and resources to help you estimate possible outcomes, organize information and prepare for a more informed mortgage conversation.
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01
Estimate Before You Commit
Test different mortgage amounts, rates and amortizations before deciding what payment might fit your budget.
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02
Prepare Before Deadlines
Gather useful borrower, income, property and mortgage details before a closing date or renewal deadline arrives.
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03
Know the Limits of Estimates
A calculator cannot verify income or credit. A rate hold does not guarantee funding. Final lender decisions require separate review.
A useful application starts with accurate details.
Your financial position,
property and timeline
help shape the next steps.
Feature 01 / Apply
Online Mortgage Application
Organize Your Mortgage Details Before a Lender Review
An online mortgage inquiry can help establish your financing goal, property details and financial situation.
That information matters whether you're planning a purchase, considering refinancing, preparing to renew or exploring home equity options.
Borrower details
Employment, income type,
monthly debt obligations,
down payment or equity,
and relevant credit information.
Property details
Location, estimated value,
property type, occupancy
and current financing
where applicable.
Mortgage purpose
Pre-approval, purchase,
renewal, refinance,
HELOC or another
financing requirement.
Important timing
Closing dates, offer
conditions, maturity dates
and other relevant deadlines.
Approval matters:
An online application or
initial inquiry is not
final mortgage approval.
Lender assessment, documents
and property verification
may still be required.
Feature 02 / Calculate
Canadian Mortgage Calculators
Test Your Mortgage Numbers Before You Make a Move
Mortgage calculators let you explore how a change in interest rate, mortgage amount or repayment period may affect your payment.
Results are estimates. They cannot assess your complete finances or guarantee a lender's final mortgage offer.
What might my mortgage payment be?
Approximate principal
and interest payments
using a selected loan
amount, rate and amortization.
Your final lender rate,
qualification and
property ownership expenses.
How much home could I afford?
An initial affordability
estimate using the
financial assumptions
you enter.
Your lender-approved amount
or the monthly cost
comfortable for your household.
What happens if interest rates change?
Potential payment differences
under alternative
rate scenarios.
Future interest rates
or exact payment changes
under every mortgage contract.
Could refinancing reduce my payment?
How a different
mortgage balance,
rate or amortization
changes an estimated payment.
Prepayment penalties,
setup costs and whether
a refinance is worthwhile
or approved.
Remember the local expenses.
For a Vancouver condo,
strata fees may be significant.
For a Toronto home,
property taxes and
closing expenses matter.
A Calgary homeowner should
also consider taxes,
insurance, utilities
and maintenance.
Feature 03 / Plan Your Timing
Mortgage Rate Holds
Understand Rate Holds Before You Rely on One
A mortgage rate hold may preserve eligible pricing for a limited period while you prepare for a purchase.
Availability, duration and conditions differ between lenders. A rate hold does not mean a property or borrower has received final financing approval.
01
It May Protect Against a Rate Increase
Depending on the lender, an eligible interest rate may be held for a defined period under specified conditions.
02
A Rate Hold Is Not Approval
Income, credit, debts, down payment and property eligibility still need to meet lender requirements.
03
Understand the Conditions
Ask about the hold's expiration, qualifying products, relevant deadlines and what happens if rates fall.
04
Start Before Your Deadline
Preparing ahead of purchase conditions or renewal dates gives you more time to understand available mortgage choices.
One Connected Mortgage Journey
How to Use the Tools Together
You don't need every tool. Use the ones that help answer your next question, based on where you are in the mortgage process.
Explore the Numbers
Test possible payments, affordability and financing scenarios before relying on them.
Organize Your Information
Have income, debts, down payment, property location and timing details ready.
Understand Your Options
Compare potential rates, qualification, costs, lender conditions and flexibility.
Canadian Mortgage Rules
Canadian Tools Need Canadian Lending Context
Mortgage tools help you plan. Lenders decide what financing is available after applying their underwriting criteria.
Your income, debts, property, down payment, mortgage purpose and applicable qualification rules may influence the options available.
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Mortgage Stress Test Requirements
For most newly underwritten uninsured mortgages with federally regulated lenders, the minimum qualifying rate is the greater of the contract rate plus 2% or 5.25%, under current OSFI requirements.
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Certain Renewal Switches Are Different
OSFI does not prescribe the same minimum qualifying rate for eligible uninsured straight switches between federally regulated lenders, when neither the loan amount nor remaining amortization increases. Lender underwriting still applies.
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Pre-Approval Isn't Final Property Approval
A borrower may obtain pre-approval before selecting a property. The final property and financing still require lender review and satisfaction of relevant conditions.
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Alternative Mortgages Need Cost Comparisons
B-lender and private financing may include different rates, fees, eligibility standards and repayment risks. An initial approval path should be compared with the total cost.
Vancouver, Burnaby & Surrey
Use affordability tools with strata fees, property taxes, insurance and local closing costs in mind. Condo documentation can also matter for lender review.
Toronto & Mississauga
Consider monthly condo maintenance fees and property taxes. Toronto purchases may also involve both provincial and municipal land transfer taxes.
Calgary & Edmonton
Compare mortgage payments alongside taxes, insurance and upkeep. Buyers should also budget for applicable land titles and closing expenses.
Montreal
Mortgage planning should account for applicable transfer duties, notarial expenses, property taxes and condominium costs.
Halifax
Consider legal expenses, applicable deed transfer tax, insurance and property-specific costs when evaluating an estimated housing budget.
Acreages & Rural Homes
Financing may involve additional appraisal, property eligibility or marketability review. A calculator cannot determine whether a lender will accept the property.
Tools for Different Borrowers
Find the Right Starting Point for Your Mortgage Goal
Different borrowers can use the same tools to answer different financial questions.
Buying a Home
Estimate payments, plan the down payment and prepare for financing conditions before making an offer.
Preparing for Renewal
Review possible rate and payment changes before accepting your current lender's renewal offer.
Refinancing a Mortgage
Compare mortgage balance, equity, potential payment changes and costs of restructuring.
First-Time Home Buying
Understand affordability, closing costs, pre-approval and documents before selecting your first property.
Self-Employed Borrowing
Prepare income records and learn how lenders may assess business earnings or variable income.
Helpful Preparation Guides
Better Inputs Make Mortgage Tools More Useful
These guides help you prepare for the questions and documents behind a mortgage calculation or lender review.
Mortgage Documents Checklist
Learn which borrower, income, down payment, debt and property records may be needed during a formal mortgage application.
View Documents Checklist ↗Mortgage Affordability Guide
Understand the difference between what a lender may approve and a payment that fits your household budget.
Explore Affordability ↗Down Payment Planning
Review down payment requirements, sources of funds, insurance considerations and upfront purchase expenses.
Read Down Payment Guide ↗Frequently Asked Questions
Canadian Mortgage Tools FAQs
Find out what MortgageSaver's tools can help you understand and where further lender review is needed.
What mortgage tools does MortgageSaver provide?
MortgageSaver offers information about online mortgage applications, mortgage calculators and rate holds, supported by guides for affordability, qualification, down payments and documentation.
Can I use mortgage calculators before applying?
Yes. You can use mortgage calculators for early planning. Estimate possible payments, explore rate scenarios and consider different borrowing amounts before beginning a detailed application process.
Does a mortgage calculator show what I qualify for?
Not definitively. A calculator uses assumptions and the information entered. Actual qualification depends on lender assessment of income, debts, credit, property and applicable lending rules.
Does an online mortgage application guarantee approval?
No. An online inquiry or application can begin the review process. Final lender approval requires verification of borrower information, property eligibility and any outstanding financing conditions.
What is a mortgage rate hold?
A rate hold may preserve an eligible mortgage interest rate for a defined period, subject to lender and product conditions. It does not guarantee mortgage approval or funding.
Should I choose the lowest mortgage rate?
Not solely based on the rate. Compare mortgage terms, payments, penalties, fees, prepayment privileges and flexibility alongside the interest rate.
What should I prepare before applying?
Start with your borrowing goal, property location and approximate price or value, employment and income, debts, down payment or available equity and important dates.
Ready for Your Next Step?
Choose the Mortgage Tool That Fits Your Goal
Estimating payments? Start with calculators. Preparing to apply? Review the online application process. Shopping for a home? Understand rate holds and timing before relying on an offer.
For a specific mortgage situation, you can also share your goals and property details with MortgageSaver.
General mortgage information:
MortgageSaver calculators, rate
information and educational resources
are for general planning and comparison.
Estimates do not constitute mortgage
approval, a lending commitment,
a guaranteed rate or personalized
financial, legal or tax advice.
Final eligibility, terms, fees,
property acceptance and financing
conditions depend on applicable
lender requirements and verification.
Provincial costs and mortgage rules
may change. Read the
MortgageSaver disclaimer
and
privacy policy
before submitting personal information.