We offer the most competitive rates in the country to our clients and are committed to working with you to get you the lowest rate possible.
Peace of mind from rate hikes
Upon approval you will receive a 120 day rate lock, but it doesn’t stop there. We also proactively ensure you get the lowest possible rate that we can offer you within that time period if rates drop.
Our team of experienced mortgage experts will work closely with our clients to conduct a discovery call and understand their unique financial situation. This allows us to tailor a mortgage solution that meets our client’s needs and goals.
We pride ourselves on providing a seamless and efficient mortgage process all completed in the comfort of your home online, ensuring an easy and convenient experience for all our clients.
How it works
Just click on 'Get started' located at the top right of our webpage to launch your application. With an easy-to-use online platform, you can start your home financing journey in less than 10 minutes.
Safely upload your identification and relevant supporting documents via our secure customer portal. This helps us understand your financial capabilities and tailor the best solutions for you.
Get ready to make your housing dreams come true. Our skilled mortgage advisors will guide you through the optimal choices tailored to your specific financing requirements.
Congratulations, you've reached the final step of the mortgage process! This is where all the remaining paperwork gets signed and your mortgage funds are released.
For more detailed insights, our blog section is a treasure trove of resources. You'll find articles on everything from understanding mortgage terminology to tips on saving for a down payment and market updates. The more you know, the better prepared you'll be when it comes to making the big decision of buying or refinancing a home.
Quest Mortgage Rates
Quest isn't just another name in the financial world; it's a trailblazer. Founded in 1999 in Toronto as an online broker, Quest quickly made a name for itself with its low-fee trading approach. Now, with Quest Mortgage, they’re bringing that same innovative spirit to the mortgage market, offering a suite of fixed and variable mortgage options designed to meet the varied needs of Canadian homeowners and buyers.
The Art of Mortgage Rate Comparison
Why Shop Around for Rates?
Your mortgage rate is more than a mere figure; it's the heartbeat of your home loan's cost. Even a small rate fluctuation can lead to significant savings or expenses over the loan's life. That's why it's smart to compare offerings from different lenders, including direct lenders Quest and Pine.
Advantages of Direct Lenders
Quest Mortgage has become a significant presence in the mortgage landscape, known for its straightforward approach and trusted services. However, it's worth noting that other direct lenders like Pine may sometimes offer more attractive rates. Broadening your search could lead to better financial opportunities.
Quest’s Fixed-Rate Mortgages: Your Financial Lighthouse
Predictable Payments, Predictable Planning
Choosing a fixed-rate mortgage with Quest means your rate doesn’t change, simplifying your financial planning. This consistency is ideal for those who value predictability in their financial life.
Selecting the Right Term
Quest offers a variety of term lengths for their fixed-rate mortgages, from short to long, ensuring you can find a mortgage that fits your life plans, whether you’re looking to put down roots or keep your options open.
Rate Comparison: Quest vs. The Market
Quest's rates are competitive, but it's wise to compare them with what's out there, including rates from Pine. A quick comparison could illuminate your best financial path.
Locking in Your Rate
With Quest, you can lock in a mortgage rate for a certain period, often a few months, giving you time to search for your perfect home without worrying about rate hikes.
Variable-rate mortgages from Quest mean that your rate could change with the market. This option is appealing when rates are declining, but it's crucial to stay aware that rates can also rise.
Starting Off on the Right Foot
Variable rates usually start lower than fixed rates, offering the potential for initial savings—a point to consider if you expect rates to hold steady or fall.
The Flexibility to Adapt
Quest stands out for its flexibility. Should the market become too volatile, they offer the chance to switch to a fixed rate, giving you a safeguard against extreme fluctuations.
Weighing Risks and Rewards
Variable rates can be beneficial, but they also require a willingness to deal with financial uncertainty. It's important to consider how rate changes might align with your financial plans, particularly if you have fixed commitments like regular RRSP contributions.
Quest Mortgage’s 5-Year Fixed Rate: The Ideal Middle Ground
The Charm of the 5-Year Term
In the hearts of many Canadians, the 5-year mortgage term holds a special place. It strikes a perfect balance between a steady rate and a manageable time frame. This period is particularly appealing due to the competitive rates it often brings.
Steady Rates for Serenity
Quest Mortgage's 5-year fixed mortgage puts rate worries to rest. The rate is set in stone for the entire term, ensuring your payments are the same month after month. Imagine it as your financial north star for a solid five years.
Quest Mortgage is known for attractive 5-year fixed rates. But it's smart to shop around. Direct lenders like Pine, free from the typical overheads of traditional banks, may sometimes have an edge with even more attractive rates.
Quest Mortgage's 5-Year Variable Rate: A Voyage for the Bold
The Lure of Immediate Savings
The starting rate for a 5-year variable mortgage often comes in lower than the fixed alternative, offering a chance for upfront cost reduction. However, it's crucial to remember that variable rates dance to the market's tune.
Keeping an Eye on Market Moods
If you're leaning towards a variable rate, remember that rates can fluctuate with market conditions. Sometimes, even when your payment amount doesn't change, the proportion going towards interest versus principal might shift, affecting your equity growth.
Switching Sails if Needed
Quest Mortgage's flexibility is a highlight. Should the market waves get rough, they provide an option to switch to a fixed rate during your term, giving you a chance to anchor down. But be aware, the offered rates may only sometimes be top-tier.
Mortgage rates essentially depict the borrowing cost for your home. Over an agreed period, you repay the borrowed amount, or principal, along with interest. In Canada, the norm is a 5-year term with an amortization of 25 years.
The Mortgage Rate Players
The Canadian mortgage scene is headlined by two main characters: fixed and variable rates. Fixed rates stand their ground, while variable rates move with the market's pulse, which can lead to changes in your payments.
The Canadian Stress Test: Your Financial Boot Camp
For those aiming to borrow in Canada, the mortgage stress test is an important hurdle. It's designed to ensure you can handle a hike in rates. Think of it as a financial boot camp, prepping you for any unexpected twists in the market.