Mortgages

Choosing a mortgage, renewing your mortgage, paying off your mortgage faster and more.

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Services and information

How much you need for a down payment

The minimum amount you will need for a down payment toward the price of a home and mortgage loan insurance.

Getting pre-approved and qualifying for a mortgage

Where to get a mortgage, the pre-approval process, what lenders consider and more.

Choosing a mortgage that is right for you

Fixed and variable interest rates, mortgage terms, amortization periods and payment frequency.

Paying off your mortgage faster

Making lump-sum payments, increasing regular payments and keeping your payments the same when you renew.

Prepayment penalties

Prepayment privileges, when prepayment penalties apply and how they are calculated.

Renewing your mortgage

The steps to renew your mortgage.

Breaking your mortgage contract

Switching your mortgage to another lender, including the costs and benefits of breaking your contract.

Borrowing against home equity

Refinancing your home, home equity lines of credit and second mortgages.

Getting a home equity line of credit

Understanding home equity lines of credit, choosing and using a home equity line of credit.

Reverse mortgages

The pros and cons of reverse mortgages, how to qualify and other tips to keep in mind.

Planning your household budget

A budget worksheet to help you plan the costs of buying and maintaining a home.

Optional mortgage insurance products

Mortgage life insurance and mortgage disability and critical illness insurance.

Mortgages: rights and responsibilities

Applying for a mortgage, making prepayments, renewing your mortgage and more.

Mortgage Qualifier Tool

Find out if you can qualify for a mortgage based on the property you want, your income and your expenses.

Mortgage Calculator

Calculate your mortgage payment schedule and how to save money by making prepayments.

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