brightrate

Home loans in Canada

Find a brighter rate on your home loan.

Renewing, refinancing or buying? Tell us what you need, and a licensed mortgage broker will compare lenders for you. Free, with no pressure.

  • Licensed brokers in your province
  • 100% free for you, no obligation
  • No credit check to get started

How it works

One short form. Many lenders compared.

Your bank can only offer its own mortgages. A broker can shop the market for you. We connect you with one in a couple of minutes.

  1. Tell us what you need

    Answer a few quick questions about your home and your goals. No documents, no credit check.

  2. Get matched with a licensed broker

    A mortgage broker licensed in your province reviews your answers and compares lenders for you.

  3. Compare, then decide

    They walk you through your options. Take the best one, stay where you are, or do nothing. It's your call.

What we help with

Help at every stage of owning a home

Renewals

Your term is ending. Before you sign your lender's offer, see what else is out there.

  • Switch lenders, usually without a penalty
  • Use a better offer to negotiate with your bank
  • Best started 4 to 6 months before renewal
Explore renewals

Refinancing

Change your mortgage to fit your life now, whether that's a lower payment or cash for a project.

  • Access your home's equity
  • Roll higher-interest debt into one payment
  • See if the savings beat the costs first
Explore refinancing

Buying a home

Know what you can afford and get financing lined up before you fall in love with a place.

  • Pre-approval before you make offers
  • First-time buyers and repeat buyers
  • Options from 5% down
Explore buying

Why use a broker

Your bank vs. a mortgage broker

Both can get you a mortgage. The difference is how many options you see.

Going to your bank Through a broker
Mortgages you can see That bank's own products Products from many lenders: banks, credit unions and others
Who does the shopping You, one bank at a time The broker compares and negotiates for you
Cost to you Free Free in most cases. The lender pays the broker.
Best for You already know your bank's offer is great You want to compare before you commit

Straight talk

How Brightrate makes money

Brightrate is free for you. Licensed brokers pay us to introduce them to people who need a mortgage. We never charge you, and we never sell your details to marketers.

Read exactly how it works

  • Licensed brokers onlyEvery broker we work with is licensed in your province.
  • Your details go to one brokerNot a list of companies. One person, who'll actually help.
  • No obligation, everTalk it through, then decide. Saying no is fine.

Learn

Plain-English mortgage guides

Short reads that help you ask the right questions.

Renewals

How mortgage renewal works in Canada

What happens when your term ends, and how to avoid signing a weak offer.

5 min read Basics

Fixed vs. variable: which is right for you?

How each one works, what they cost to break, and who each suits.

5 min read Refinancing

When does refinancing make sense?

The good reasons to refinance, the costs to weigh, and the 80% rule.

5 min read

Questions

Common questions

Is Brightrate really free?

Yes, 100% free. You never pay Brightrate anything. Brokers are paid by the lender when a mortgage closes. In rare cases, like private lending, a broker may charge a fee, and they must tell you before you agree to anything.

Is Brightrate a lender or a broker?

Neither. Brightrate explains how home loans work and connects you with an independent, licensed mortgage broker in your province. The broker gives you advice and handles your application.

Will this affect my credit score?

No. Our questions don't involve a credit check. If you decide to apply later, your broker will ask your permission first.

Who will contact me?

One licensed mortgage broker in your province, by phone, text or email. Your details go only to that broker.

Do I have to go with the broker's offer?

No. You're free to compare, negotiate with your current lender, or do nothing at all.

Do you serve my province?

We help homeowners and buyers across Canada. Our site is in English for now. Quebec residents are welcome too.

Ready when you are.

Pick what you need and answer a few quick questions. A licensed broker does the comparing, for free.

Get started