Home Loans & Mortgages
Finance your home purchase or refinance an existing mortgage. Competitive rates for first-time buyers and homeowners.
Home Financing
Purchase, refinance, or renewal
Low Rates
Access mortgage rates from licensed lenders
Expert Guidance
Compare options that fit your situation
Flexible Terms
Fixed or variable, multiple amortizations
A home loan or mortgage helps you finance the purchase of a home in Canada. Loan Beaver connects buyers with licensed mortgage brokers and lenders offering competitive rates.
Whether you're a first-time buyer, moving up, or refinancing, comparing options across multiple lenders saves you money over the life of your mortgage.
Home Loan Requirements
- Canadian resident, age of majority
- Steady income and acceptable debt service ratio
- Down payment (minimum 5% for owner-occupied homes)
- Acceptable credit profile
- Property meeting lender appraisal requirements
How much down payment do I need?
Minimum 5% on homes under $500,000. Above that, larger down payment requirements apply.
Are fixed or variable rates better?
Fixed gives payment certainty; variable can be cheaper but moves with the prime rate. Your tolerance for change matters.
Can I get a mortgage with bad credit?
Yes, through B-lenders or alternative mortgage providers — rates are higher than A-lender (bank) rates.
How long does mortgage approval take?
Pre-approval can be same-day; full approval after offer typically takes a few days to two weeks.
Should I use a mortgage broker?
Brokers compare offers from many lenders, which can find lower rates than going to a single bank.
Loan Type:
Purchase, refinance, renewal
Interest Rates:
Competitive market rates
Amortization:
Up to 30 years
Down Payment:
From 5%
Approval Time:
Days, not weeks
Apply for a Home Loan
Get matched with mortgage specialists across Canada.