As Wealthsimple looks for more ways to reach your goals and manage your money, we’ve partnered with nesto to provide select clients access to an exclusive mortgage offer.

What is nesto? And why nesto?

nesto is the largest digital mortgage lender in Canada, helping 400,000+ Canadians with their mortgage applications. nesto has over 300 employees and mortgage experts on their team, and processes billions of dollars annually. nesto’s advisors are commission-free, and hold concurrent professional designations from one or more provinces. The mortgage application process through nesto is 100% digital, and they provide a 150-day rate hold option on most mortgage solutions. No paperwork is required (just like at Wealthsimple). 

nesto’s goal is simple: Get you low mortgage rates from the get-go, guaranteed. Using the simplest, fastest way possible to get you a mortgage rate, much lower than big banks. nesto is the bright side of mortgages! 

How can I apply for a nesto mortgage through Wealthsimple?

To apply for a nesto mortgage through Wealthsimple, follow the steps below:

Frequently asked questions

What type of mortgage products does nesto offer?
nesto offers residential mortgages across Canada. nesto can finance residential properties with up to 4 doors where at least 1 unit is owner-occupied. 

Whether you are looking to purchase a new home, renew or refinance your mortgage, nesto can help you. 

Does nesto charge lender fees?
No, nesto does not charge any lenders fees. 

You may have to pay some penalties if you break your existing mortgage contract. However, depending on the details of your current mortgage, it may still be that the savings made by switching to a lower rate are advantageous over these fees. Through a cost analysis, your nesto advisor can help evaluate whether those penalties are worth the returns.

Is my data safe and secure with nesto?
The security of your data is paramount to us at Wealthsimple. nesto implements industry best practices to protect your data, including encryption of all in-transit and at-rest data, advanced threat detection, endpoint protection and alerting, penetration testing and dynamic security scanning and security training for all employees.

Who can I contact for more information after submitting an application?
As soon as the application is started, a nesto mortgage advisor will contact you. You can contact your nesto advisor at any time during the mortgage process via email or phone.

If you experience issues while filling out the online mortgage application, please contact support at supportws@nesto.ca or call 1 800 799 6188.

How does the partnership between Wealthsimple and nesto work?
Wealthsimple and nesto have collaborated to bring you great rates. All of the actual mortgage brokerage services are offered by nesto Inc. (“nesto”), but when you use nesto’s services Wealthsimple Technologies Inc. ("Wealthsimple") may receive a referral fee. Any information you provide to nesto may be shared with Wealthsimple to help us understand our clients’ needs and to improve our product offerings.