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.
Rocket Mortgage Rates
Rocket Mortgage Canada isn't your ordinary mortgage brokerage; it's a notable player in the mortgage landscape. Offering a diverse range of fixed and variable mortgage solutions, Rocket Mortgage caters to the unique needs and dreams of homeowners. Whether you're stepping into the property market or contemplating a refinance, Rocket Mortgage Canada has a tailored mortgage plan just for you.
The Insight of Rate Comparisons
Understanding the Significance of Rate Shopping
The interest rate attached to your mortgage is more than just a number; it's a crucial factor in determining the overall cost of your home loan. A slight shift in the rate can lead to noticeable savings or costs over time. Therefore, it's prudent to explore rates from different sources, considering Rocket Mortgage Canada and direct lenders like Pine in your comparison.
Mortgage Brokerage vs. Direct Lenders
Rocket Mortgage Canada stands as a prominent mortgage brokerage with a diverse portfolio and a trusted reputation. However, direct lenders like Pine, focusing exclusively on mortgages, might occasionally present more competitive rates. Hence, widening your search to include various lenders can be a beneficial approach.
Rocket Mortgage Canada's Fixed-Rate Mortgages: A Pillar of Stability
Ensuring Consistent Payments
Opting for Rocket Mortgage Canada's fixed-rate mortgages means your rate remains steady, simplifying your budgeting process. This option is favored by those who value financial predictability, especially in an environment where rates can be unpredictable.
Selecting Your Duration
Rocket Mortgage Canada provides a range of term lengths for their fixed-rate mortgages, accommodating different needs, whether it's settling down or planning for potential relocation. This flexibility ensures there's a suitable option for your future plans.
While Rocket Mortgage Canada offers competitive rates, it's wise to assess how they stack up against others, such as Pine. A quick online comparison can provide insights into the best mortgage fit for you.
Securing Your Rate
Rocket Mortgage Canada offers the convenience of securing a rate for a specific duration, often a couple of months. This provides peace of mind as you navigate the process of finding your ideal home.
Rocket Mortgage Canada's variable-rate mortgages mean your rate may fluctuate based on market dynamics. This becomes attractive when rates are declining, but it's crucial to remember that the tide can turn.
Starting at a Lower Point
Typically, variable rates with Rocket Mortgage Canada commence at a notch below fixed rates, offering potential initial savings. This becomes especially appealing if you anticipate stable or decreasing rates.
Flexibility to Switch
A standout feature with Rocket Mortgage Canada is their adaptability. If market fluctuations become pronounced, they offer the option to transition to a fixed rate, acting as a buffer against extreme market volatility.
Balancing Potential Gains and Shifts
While variable rates with Rocket Mortgage Canada come with advantages, they also entail dynamics. Rate movements may not align with everyone's financial strategy, particularly for those with fixed financial obligations like routine RRSP contributions.
Rocket Mortgage Canada's 5-Year Fixed Mortgage Rate: The Ideal Choice
The Allure of a 5-Year Term
The 5-year term holds a special place for many Canadians, offering a perfect balance of rate consistency and a manageable commitment duration. The attractiveness of this 5-year period is further enhanced by the often-favorable rates it brings.
Rate Stability for Peace of Mind
With Rocket Mortgage Canada's 5-year fixed mortgage, bid farewell to uncertainty. Your rate remains steady throughout the term, ensuring identical monthly payments. It's like having a financial guide leading you for the next half-decade.
How Competitive Are Their Rates?
Rocket Mortgage Canada presents appealing rates for their 5-year fixed mortgages. However, it's a wise move to explore beyond. Direct lenders like Pine, with their streamlined operations and absence of conventional banking overheads, might occasionally present a more enticing offer.
Rocket Mortgage Canada's 5-Year Variable Mortgage Rate: For the Financial Explorer
The Allure of Immediate Savings
The initial phase of the 5-year variable rate with Rocket Mortgage Canada often surpasses its fixed counterpart, providing immediate financial relief. However, it's crucial to be aware that variable rates involve an ongoing dance with market trends.
Monitoring Market Dynamics
If you're leaning towards this option, understand that rates can fluctuate based on market sentiments. There are times when, even with a stable monthly outlay, a larger portion might go towards interest rather than building your home equity. It requires a delicate balancing act.
The Flexibility to Adapt
A standout feature of Rocket Mortgage Canada is their adaptability. If market fluctuations become overwhelming, they offer the option to transition to a fixed rate within your term. However, a note of caution: the rates they offer might not always be the best available.
Think of mortgage rates as the ticket price for your home loan journey. Over time, you'll repay the borrowed sum, known as the principal, along with an added premium, the interest. In Canada, the norm involves this repayment dance over 25 years, with the 5-year term standing out as a popular choice.
The Spectrum of Mortgage Rates
In the Canadian mortgage landscape, two main characters take the stage: fixed and variable rates. Fixed rates stay firm, while variable rates move to the rhythm of the market, leading to potential payment variations.
Prospective borrowers in Canada encounter a potential checkpoint: the mortgage stress test. It's a mechanism for lenders to gauge your resilience to potential rate surges. Think of it as a preparatory drill, ensuring you're fortified for any market curveballs.