Find Your Best Mortgage Get Started
Plus, you’ll get a free credit score and report monitoring (this won’t affect your credit score).

Compare mortgage providers and find the best mortgage rates in Canada.

What we do

Borrowell works with trusted mortgage partners to make the mortgage process simple. Whether you’re buying, renewing, or refinancing, we make finding the perfect mortgage easy by showing you the best options – all in one place!

Start by getting your free credit score. It takes just 2 minutes.

Then, simply browse the different mortgage providers and pick the best options for you. 


Get My Free Credit Score
This won’t affect your credit score!

Do you need help calculating your mortgage?

Our mortgage calculator can help. It calculates your monthly payments, interest cost, and the balance at maturity for different mortgages. It also stress-tests your future payments to ensure continued affordability if interest rates rise.

It can help you guide your decision making and better understand the different mortgage options available to you.


Calculate Savings

How it works?



Get Your Free Credit Score (1 minute)

Get your free credit score. Then, we’ll show you the best mortgage providers (lenders and brokers) suited to your financial profile.



See A List Of Providers

Once you’ve checked your credit score, click on the “My Recommendations” tab. You’ll see a list of recommended mortgage providers based on your credit profile.



Select A Provider

Choose the best mortgage option for you.



Complete A Short Application Form (1 minute)

Fill out a short application form to be contacted by our trusted partners. Getting a mortgage is simple!

Check My Rate
This won’t affect your credit score!

Are you looking to learn more about mortgages?

A mortgage is a major life commitment. You’ll naturally want to do a bit of research before making a decision. So check out these articles. They include answers to key mortgage questions our own Borrowell customers had!

What Does My Credit Score Need To Be To Get A Mortgage In Canada?

Barry Choi

mortgage mistakes

The Top 10 Mortgage Mistakes Commonly Made By Canadians

Robert McLister

Mortgages for Less than Perfect Credit

Mortgages For Less Than Perfect Credit

Stephanie Overholt

big bank or mortgage broker

Big Bank Or Mortgage Broker: The Ultimate Guide To Choosing A Mortgage

Rachel Surman

Alternatively… let us do all the work.

Simply sign up for Borrowell, get your free credit score and get mortgage recommendations with the best mortgage rates in Canada, tailored just for you.

Get My Credit Score For Free

This won’t affect your credit score!


What is a mortgage?
A mortgage is a loan secured by your home. It is financing that the customer is obliged to pay back with a predetermined set of payments. A mortgage helps you buy property without having to pay the entire cost up front.

What is a mortgage rate?
A mortgage rate is the interest charged by the lender expressed as a percentage of the loan amount. It’s essential to shop around and compare the best mortgage rates in Canada. Having a higher credit score can also help you get a better mortgage, so be sure to check and monitor your credit score with Borrowell.

What is a down payment?
A down payment is a deposit you make on a large purchase, like a new home. Lenders in Canada require at least 5% down. Anything less than 20% down is called a high-ratio mortgage and requires mortgage default insurance.

What is amortization period vs. mortgage term?
Mortgage amortization and term are easily confused, but they are two different things! A mortgage amortization period is the amount of time it will take to pay your mortgage to zero with regular payments. A portion of each regular payment goes to interest costs, and a portion goes to reducing the loan balance (paying off the mortgage principal).

The mortgage term is the period of time the rate is negotiated for. Many Canadians will typically renew or switch providers at the end of their term. Most mortgage terms range from 6 months to 25 years, with 5 years being the most popular. If your mortgage is not paid off by the the end of the term, a new mortgage agreement must be arranged.

What is a fixed rate vs. variable interest rate?
A mortgage rate that’s fixed stays the same until maturity, no matter the fluctuation in the market. It’s attractive to borrowers who want to ensure their interest costs won’t rise over the term of their loan.

A variable interest rate is a rate that varies or adjusts, generally with the prime rate set by Canada’s Big 6 banks. Variable rates are generally the lowest available at any point in time.

What is an open mortgage and what is a closed mortgage?
A closed mortgage is one that can’t be prepaid, negotiated, or refinanced throughout the term of the mortgage without a prepayment penalty.

In contrast, an open mortgage can be repaid anytime throughout the mortgage term. These mortgages come at a premium, which usually translates to much higher interest costs.

Can I make mortgage payments online?
Absolutely. In fact, people are increasingly choosing to manage their mortgages online. Almost all lenders pull regular payments electronically, direct from the borrower’s bank account. With most lenders, you can check your balance and make prepayments in their secure online portals.

Get My Credit Score For Free

This won’t affect your credit score!