In this article:
Overview
Wealthsimple isn't a mortgage lender. Instead, we have mortgage brokers who scan the market to find the best possible mortgage offer for your specific situation. Whether you're buying a new property or renewing an existing mortgage, our brokers can help you navigate the process.
Apply for a mortgage through Wealthsimple
You can connect with a mortgage broker by visiting wealthsimple.com/mortgages or by following these steps in your account:
- Log in to your Wealthsimple profile
- Select Mortgage from the top menu
- You'll be redirected to the Wealthsimple application page
- Answer questions about your home buying picture and enter your contact information
- Review and submit your mortgage rate application
- A Wealthsimple mortgage broker will contact you with the next steps
Frequently asked questions
What's a mortgage pre-approval?
A mortgage pre-approval means a lender has reviewed your income and credit history and decided that you qualify for a mortgage.
What's mortgage default insurance?
This insurance is legally required if you make a down payment of less than 20%. It increases the cost of your monthly payments by as much as 4%, but it helps make buying a home more accessible.
Will checking my mortgage rate impact my credit score?
No. You can apply online via the application form to see your rate with no impact to your credit score.
How do I find my personalized rate?
Your rate's based on many factors, including the mortgage amount, the terms, and if you want a fixed or adjustable rate. The best way to find out is to start the application at wealthsimple.com/mortgages and connect with a Wealthsimple mortgage broker in a couple of minutes. Our brokers work by looking across multiple lenders to find you the best rate for your circumstances.
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