How to get the best Mortgage Approved?

3 Things that affect your mortgage options:

Access to lenders: As a volume brokerage, RateShop funds more deals to get a preferred pricing and working with over 65 Nationwide Banks, Lenders and Credit unions can help us find a better rate and a mortgage that fits your unique situation
Broker Experience: New bankers, and brokers often find files challenging due to complexity of properties, file structure and what lenders really want to see. With 20 years in mortgage brokering and lending, we know the approval terms before the file is submitted.
Good Vs. Bad Lenders: Getting stuck with the bad lenders can mean funding delays or even a last minute decline. That's why RateShop mortgage works directly with lenders that stand behind their commitment to fund, not based on who offers more in commissions.

Start Your Application

Understanding the mortgage approval process:

Your Application : It's a numbers game. The application helps us organize your income the way mortgage lenders want to see it. We also strengthen the application with your Assets and get a clear handle on how to treat which liabilities. This helps us narrow down your qualification.
Underwriting Your Mortgage: Most lenders' don't want more than they asked for - So where many brokers fail, we know the underwriting risk lenders are offsetting, what documents they want to see and how to address your needs to the lender and make it into a winning approval.
Choosing the Appraiser: This has become tricky over the years but our formula is simple - We work with vetted and reliable appraisers that have worked with our teams for decades. With market fluctuations affecting every 5th deal, you want someone experienced for your appraisal.
Funding Your Mortgage: While you can celebrate the approval, RateShop brokers know a two-pager commitment means nothing until the deal funds. So our efforts intensify to quickly and proactively complete file conditions and raise the green flag for clear to close.

Schedule a One-on-One with a RateShop Mortgage Licensed Broker to help you navigate the best mortgage rate selection process

Access Canada's Largest Mortgage Lender Network

TESTIMONIALS

Client Success Stories

This section is dedicated to our clients and their success stories. Our commitment to do everything in our power to deliver, educate you on stability and how to better manage your finances, and create a progress plan for yourself that let's you become mortgage free, faster.

This opportunity to do better, and help our communities is why we wake up in the morning, get out of bed and go to bat for you every single day, no matter how tough it gets.

"He beat my bank's renewal by 0.65%"

"They were on the ball. They messaged me all the time. They talked to me. I talked, they answered the phone, which is very rare. answered my question, uh, did what I asked, responded, and, uh, yeah, it was just great." - Frank from Barrie, Ontario

"He funded us when 4 other brokers failed"

"This was a complicated one and I like I've said to Ali multiple times, he went in my opinion above and beyond and was always reachable no matter what time and how I was feeling and there was a lot of ups and downs" - Lisa from Ontario, Ontario

"Saved $16,000 penalty"

"It's been so smooth. I'm kind of expecting something not smooth to happen because you're waiting for something. There's usually a hiccup whenever you're putting together uh business deals of one form or another." - Nathan, Toronto, Ontario

"He Reduced my payment by $665/month"

" It was simple, easy process like you say, explained it quite simply and understandable and and got it done" - Paul from Burnaby, BC

A Unique Approach to Getting Results

Best Mortgage Rates. Period.

We feature rock-bottom rates from several banks, credit unions, and lenders plus many exclusive low rates that aren’t available through other brokers or lenders directly.

Same Day File Review

Our service commitment is, we will never sit idle on a file. The day we have your application & documents, we start our review immediately to analyze all our lender offers and suggest the best one for you.

Largest Choice of Lenders

We offer the most comprehensive list of banks, credit unions, monoline lenders you’ll find in Canada. More choice, better rates, greater flexibility and dozens of purchase, refinance, renewal & home equity programs.

Easy Mortgage Approval

Our application searches from 700+ mortgage offers with various terms, rate types, and lending programs from 65+ mortgage lenders in Canada, that finds your best suited rate for your unique situation. Unleash the power of Artificial Intelligence to help you save on your mortgage!

Award-winning Service

We work relentlessly to improve every aspect of our service, from service to transparent lending solutions. We’re proud and humbled by our clients' and lenders' appreciation to vote us their preferred partner. Our mission is to provide the best mortgage offerings & services on the planet.

Customers Love Us

We always tell our clients, it's not just about the rate! Finding a solution that works for you, instead of costs you more in the future is what our mortgage planning is about. In two to three years into the mortgage term, this becomes very apparent. Customers have called us back telling us how our advice saved them money and educated them to manage finances better.

Mortgage Lenders Love Us

As a volume broker, our lender relations are important. That's what gets us great rates, and this is possible because we know the programs, we're fluent in underwriting and we are efficient with approvals. Who & What you know in the industry matters, we understand all bank programs and know where to find you flexibility and rate discounts.

Free Mortgage Rate Monitoring

Stay on top of mortgage savings, rate specials, wealth creation tips & investment opportunities. Breaking news affecting mortgage rates and real estate in Canada. We use our AI technology to compare your rate monthly with available lender offers and find the savings for you.

Best Mortgage Rates. Period.

We feature rock-bottom rates from several banks, credit unions, and lenders plus many exclusive low rates that aren’t available through other brokers or lenders directly.

Same Day File Review

Our service commitment is, we will never sit idle on a file. The day we have your application & documents, we start our review immediately to analyze all our lender offers and suggest the best one for you.

Largest Choice of Lenders

We offer the most comprehensive list of banks, credit unions, monoline lenders you’ll find in Canada. More choice, better rates, greater flexibility and dozens of purchase, refinance, renewal & home equity programs.

Easy Mortgage Approval

Our application searches from 700+ mortgage offers with various terms, rate types, and lending programs from 65+ mortgage lenders in Canada, that finds your best suited rate for your unique situation.

Award-winning Service

We work relentlessly to improve every aspect of our service, from service to transparent lending solutions. We’re proud and humbled by our clients' and lenders' appreciation to vote us their preferred partner.

Customers Love Us

We always tell our clients, it's not just about the rate! Finding a solution that works for you, instead of costing you more in the future is what our mortgage planning is about.

Mortgage Lenders Love Us

As a volume broker, our lender relations are important. That's what gets us great rates, and this is possible because we know the programs and are efficient with approvals.

Free Mortgage Rate Monitoring

Stay on top of mortgage savings, rate specials, wealth creation tips & investment opportunities. We use AI to compare your rate monthly with available lender offers and find the savings for you.