--- title: "Low mortgage rates | Wealthsimple" description: "Whether you're buying, renewing, or refinancing, get a low rate mortgage." url: "https://www.wealthsimple.com/en-ca/mortgages" --- # Get a low mortgage rate from your living room [Apply now](/en-ca/mortgages/apply) ![](/cdn-cgi/image/format=auto,quality=90,width=3072,fit=scale-down/https://images.ctfassets.net/v44fuld738we/1xXNoRAAQ7dgTscMbePbvo/4000671134a4cce9bcefb7e6c80fd4fa/D-Mortgages-Product_hero.png) ## Find a great rate 5 year term 4.44%Fixed mortgage rate A fixed rate means your insured rate will stay the same for the term of your mortgage. 5 year term 3.45%Variable mortgage rate A variable rate means your insured rate could change over the term based on the Bank of Canada’s prime interest rate. For information about APR and the assumptions on these rates, [click here](/en-ca/legal/mortgage-rates-disclosure). ## The future of home buying is here ### Low rates We’ll search across 25+ lending partners to find you the best possible rate. And because our streamlined, automated process cuts out unnecessary fees, we pass those savings on to you. ### Faster approvals Get your personalized rate in minutes. The seamless online application process means there’s no need for paperwork or in-person appointments. ### Dedicated support We’ll assign you one of our in-house mortgage brokers to help you through every step and answer any questions along the way, from application to closing. ## Everything you need to know to buy a home Can you write a (nearly) foolproof offer letter? Why should you never close on a Friday? Here's answers to the most important and confusing questions home buyers face. [Read the housing guide](/en-ca/buying-a-house) ![](/cdn-cgi/image/format=auto,quality=90,width=3072,fit=scale-down/https://images.ctfassets.net/v44fuld738we/5ugjc95dX9RNvMKGWDyWA8/c5f83f970298490111a9d46903000504/1_HowToBuyAHome_00000.png) ## How to go from loan to home ### Secure your rate Apply online, answer some general questions, and get your personalized rate in a matter of minutes. ### Speak with a broker We’ll assign you a dedicated Wealthsimple broker to help find you the best rate possible and walk you through next steps. ### Get the keys Once you’ve closed on your mortgage, you can start thinking about the important things, like what colour to paint the front door. Wealthsimple Mortgage Services Inc brokerage licenses are as follows; Ontario #13684, British Columbia #MBX607385, Alberta #00596783, Saskatchewan #514077, New Brunswick #240058637, Nova Scotia #2025-3000817, and Newfoundland & Labrador #24-07-WE102-1 ![](/build-assets/_next/static/media/mortgages-finalcta-desktop.5ef3a8f0.webp)![](/build-assets/_next/static/media/mortgages-finalcta-mobile.4eb48c55.webp) ## Make the move and get a low rate You're just a few minutes away from getting a personalized rate. [Apply now](/en-ca/mortgages/apply) ## Extra helpful articles and advice A few things to know before buying, renewing, or refinancing. * ### How to save for a house 9 min read * ### Fixed vs. variable rates 2 min read * ### What's an FHSA and how does it work? 4 min read ## FAQs ### What mortgages does Wealthsimple offer? We work with our partners to offer a full range of residential mortgages — whether you’re buying, refinancing, or switching. This includes owner-occupied homes, second homes, and rental properties. Pre-approvals are available across all categories, with a minimum mortgage amount of $150,000. And, we support both insured and uninsured mortgages, with no cap on cash disbursements. ### Are there any fees involved? We won’t charge you any fees, but depending on the type of mortgage, you might have to pay legal fees for registration, title insurance if it’s required by the lender, or an appraisal if it’s needed. Wealthsimple doesn't make money off of any of these fees and will always provide clients with an APR disclosure at mortgage approval. ### Are prepayment privileges available? Pre-payment privileges vary lender to lender but most lenders typically allow pre payments of 10-20% of the principal amount per year. Your Wealthsimple broker will walk you through what's permitted on your mortgage at the time of approval. ### Can I get my mortgage through Wealthsimple from anywhere in Canada? Right now, you can get a mortgage through Wealthsimple in Ontario, Alberta, British Columbia, Saskatchewan, New Brunswick, Nova Scotia, PEI, and Newfoundland. ![](/cdn-cgi/image/format=auto,quality=75,width=3072,fit=scale-down/build-assets/_next/static/media/Coin.f9f2e07f.webp)