We give you the BEST RATES

Tell us about your new property

Mortgage rates are often higher for rental properties and secondary homes.

The use of your property affects the mortgage rates you can access.

    If the purchase price is:
  • $500,000 or less – Your minimum down payment is 5%
  • Between $500,000 and $999,999 – Your minimum down payment is 5% of the first $500,000 PLUS 10% of the remaining portion of the home price
  • $1,000,000 or more – Your minimum down payment is 20%

Your home's purchase price determines the minimum down payment you'll be required to put down along with which mortgage rates you qualify for.

If your down payment is less than 20%, you will be eligible for the lowest mortgage rates available but you will be required to purchase mortgage default insurance.

If your down payment is 20% or greater, you will not need mortgage default insurance but the mortgage rates you are eligible for may be higher.

Your down payment will determine which rates you are eligible for and if you will need to purchase mortgage default insurance.

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How easy it is to get a mortgage with
"truevaluerate.ca"

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