We handle your Mortgage Loan strategy

We will guide you through each step to ensure that you get the best mortgage rates, reduce your paperwork, and sail through the approval process. With onLendHub, you’ll be moving into your new home with confidence, prepared for today and tomorrow.

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Mortgage Loan Pre-Approval Services

Pre-approval services are crucial for potential homebuyers. Agents guide clients through the pre-approval process, allowing them to understand their budget and financing eligibility before house hunting. This service reassures both buyers and sellers during negotiations.

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First-Time Home Buyer Consultation

This service includes educating clients about various mortgage loan products, government incentives (such as the First-Time Home Buyer Incentive), and potential pitfalls in the mortgage process. Personalized guidance helps clients feel more confident in their decision-making.

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Refinancing and Renewal Assistance

Helping existing homeowners find better mortgage loan rates or terms when their contracts are nearing expiration. This service is particularly important as many homeowners look to take advantage of lower interest rates or change their loan conditions to suit their current financial situation.

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“We believe that by empowering our clients to make informed, calculated mortgage decisions, we will help strengthen communities and create a positive impact on the world around us.”

OnLendHub

Our MISSION

We bring people together

Our mission is to bring people together by making homeownership accessible for everyone. We strive to ensure that all clients have the opportunity to secure a home and pursue their dreams, fostering a sense of community and shared possibility.

Our Promise

Save time and effort

Exceptional support and services

Minimize risks

Enjoy peace of mind

Our Strengths

We offer a huge variety of mortgage choices that covers every need through our brokerage

65+

Lenders

7000+

Product options

14+

Categories

450+

5 Star Google reviews

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Whether you’re buying a new home, interested in refinancing your mortgage, or your loan is up for renewal, we have a proven system for success. 

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FAQ

Ask us anything on mortgage, we are here to help

What is a mortgage in Canada?
A mortgage is a loan provided by a lender (such as a bank or credit union) to help you purchase a home. The property acts as collateral for the loan. You agree to repay the borrowed amount, plus interest, over a set term. In Canada, mortgages typically have amortization periods of up to 25 years for insured mortgages and up to 30 years for uninsured ones.
What is the minimum down payment required in Canada?
The minimum down payment depends on the home’s purchase price:
$1.5 million or more: 20% of the purchase price. If your down payment is less than 20%, you’ll need mortgage default insurance
Up to $500,000: 5% of the purchase price.
$500,001 to $999,999: 5% on the first $500,000 and 10% on the remainder.
What is mortgage default insurance and why is it required?
Mortgage default insurance protects the lender if you fail to make payments. It’s mandatory when your down payment is less than 20% of the home’s value. This insurance is provided by companies like CMHC, Sagen, or Canada Guaranty. The premium ranges from 2.8% to 4% of the mortgage amount and can be added to your mortgage balance.
What is the mortgage stress test?
The stress test ensures borrowers can handle higher interest rates. Lenders calculate your ability to pay using the greater of:
The Bank of Canada’s qualifying rate (currently around 5.25%), or
Your contract rate plus 2%. This test applies to all federally regulated lenders and affects how much you can borrow.
What are closing costs while buy a home?
Closing costs typically range from 1.5% to 4% of the purchase price and include:
Home inspection.
Land transfer tax.
Legal fees.
Title insurance.
What is a Home Buyer’s Plan (HBP)?
The HBP allows first-time buyers to withdraw up to $35,000 from their RRSP to buy or build a home. You must repay the amount within 15 years, starting the second year after withdrawal. This program helps boost your down payment without tax penalties.

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