Ratehub (CanWise Financial)
Is Part of RateShop Mortgage's Trusted Canadian Lender Network
Ratehub (CanWise Financial): Partnered Mortgage Solutions with RateShop Mortgages
History as a Mortgage Lender in Canada
Founded in 2014, CanWise Financial (operating under Ratehub.ca) quickly rose to prominence as one of Canada's top mortgage brokerage firms. Recognized for its transparent, customer-focused approach, CanWise has funded over $10 billion in mortgages. In 2020, CanWise rebranded under Ratehub.ca, enhancing its service reach and digital mortgage offerings. It has won multiple awards, including Canadian Mortgage Brokerage of the Year.
Types of Mortgage Products & Programs
Residential Mortgages:
Fixed-Rate Mortgages: Lock in rates from 1 to 10 years for consistent payments.
Variable-Rate Mortgages: Competitive rates tied to the prime rate.
High-Ratio Mortgages: Options available for up to 95% LTV (CMHC-insured).
First-Time Home Buyer Programs: Special incentives and flexible qualification criteria.
Commercial Mortgages:
Tailored financing for commercial properties, including multi-unit and mixed-use.
Minimum Credit & Income Requirements
Credit Score: Minimum 650 for traditional mortgages; alternative lending options available for lower scores.
Income Verification:
Salaried: Employment letter, pay stubs, and T4s.
Self-Employed: 2 years of tax returns and financial statements.
Contract Employees: Contract documentation and recent bank statements.
First-Time Buyers: Access to programs with flexible down payment options and incentives.
Mortgage Underwriting Criteria for Approval
Key factors include:
Debt-to-Income (DTI) Ratio: Typically up to 44%.
Loan-to-Value (LTV): Up to 95% for insured mortgages.
Credit History: Emphasis on credit score, repayment history, and overall financial health.
Property Valuation: Detailed appraisals to determine market value and loan suitability.
We'll find great rates like this one from one or our several lending partners across Canada.
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5 Year - Fixed Term from
4.29%
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Everyone's rate is unique.What's yours?
It is our job to get your lowest possible rate. Your rate qualification depends on certain factors, such as credit score and home equity as per regulations.
*Advertised rates may not be offered by this lender. Mortgage lender offers are aggregated by RateShop & its Brokerage Network subject to change without notice. Speak with our mortgage broker about APR and qualification requirements.
Locations Serviced and Branch Presence in Canada
Ratehub (CanWise) operates primarily online, offering nationwide services across all provinces and territories. Its digital-first approach ensures seamless, remote mortgage applications with personalized broker support. Physical offices are located in major cities like Toronto, Vancouver, Calgary, and Montreal.
Mortgage Application Checklist
Key documents needed:
Identification: Government-issued ID.
Income Proof: Pay stubs, tax returns, or bank statements.
Credit Report: Reviewed as part of the application process.
Property Details: Purchase agreements and appraisal reports.
Down Payment Confirmation: Savings or investment statements.
How to Start a Mortgage Pre-Approval
Contact a RateShop Broker: Personalized guidance through the pre-approval process.
Submit Financial Information: Provide necessary documents and financial details.
Receive Pre-Approval: Lock in a rate for up to 120 days and gain a competitive edge in the housing market.
How to Get Mortgage Rates
Visit RateShop’s Website: Compare the latest Ratehub (CanWise) mortgage rates.
Consult a Broker: Access exclusive rates and tailored advice from RateShop brokers.
Direct Inquiry: Contact Ratehub’s support for personalized rate offers.
Mortgage Pre-Payment Options
Lump-Sum Payments: Pay up to 20% of the original principal annually.
Accelerated Payments: Increase regular payments by up to 20%.
Double-Up Payments: Option to make extra payments on regular payment dates.
Ratehub (CanWise Financial), in collaboration with RateShop Mortgages, delivers competitive mortgage rates, award-winning service, and tailored solutions to help clients secure their dream homes. 🏡
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Contact Information
6 Indell Lane, Brampton ON L6T 3Y3, Canada
Local: 416-827-2626
Toll: 800-725-9946
RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador. Our Quebec Mortgage Transactions are serviced by Orbis Mortgage Group AMF# 181136.
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