What credit score do I need for a mortgage in Canada?

Most lenders serving Canada prefer a credit score of at least 680 for the best rates, though we can work with scores as low as 600. Your score affects your interest rate and the amount you qualify for. Our mortgage experts review your situation and find the best options available in Canada.

How much down payment do I need in Canada?

In Canada, including Canada, the minimum down payment is 5% for homes under $500,000. For homes between $500,000 and $1 million it's 5% on the first $500,000 and 10% on the remainder. For homes over $1 million you'll need at least 20% down.

How long does mortgage approval take in Canada?

Pre-approval can typically be done within 24-48 hours. Full mortgage approval for Canada properties usually takes 1-2 weeks, depending on the lender and the complexity of your application.

What are current mortgage rates in Canada?

Mortgage rates in Canada vary based on term length, mortgage type, your credit score and down payment. We have access to exclusive rates from 40+ lenders — contact us for a personalized quote based on current Canada market conditions.

Do you serve first-time home buyers in Canada?

Yes. We specialize in helping first-time home buyers in Canada navigate the mortgage process, access first-time buyer programs and incentives, and move from pre-approval to closing.

Is there any cost to use Lenderoo in Canada?

Lenderoo is free for borrowers in Canada. We're compensated by the lender when your mortgage funds, so there's no cost to you — and our advice stays unbiased and on your side.

Second Mortgages in Canada

Expert Second Mortgages tailored to Canada — we shop 40+ lenders for you

Welcome to Lenderoo Mortgages in Canada

Looking for Second Mortgages in Canada? The mortgage professionals in our network understand the local market, and Lenderoo shops 40+ lenders to help you find the best solution tailored to your needs.

About Second Mortgages in Canada

Second Mortgages in Canada. Lenderoo shops 40+ lenders and matches you with a local mortgage professional to find the best rate — on your side, not the banks. Whether you're just starting out or comparing offers, a Canada-based mortgage professional in our network will walk you through every step and make sure you understand your options.

How This Works in Canada

A Canada-based mortgage professional in our network will guide you through every step of the Second Mortgages process, and Lenderoo shops 40+ lenders to ensure you get the best rates and terms available in the local market.

Get Started in Canada

Mortgage Calculators

Mortgage Calculator

Calculate your monthly mortgage payments

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Affordability Calculator

Find out how much you can afford

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Refinance Calculator

See how much you could save

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Local Resources for Canada

Helpful Resources

Mortgage Glossary

Frequently Asked Questions

Helpful Links

Mortgage Blog

About Canada

Canada Quick Facts

Canada is a thriving community with a dynamic real estate market. The mortgage professionals in our network understand the unique characteristics of the Canada housing market and can help you navigate your options.

Why get matched with a local mortgage professional?