Looking for a Mortgage You Can Trust?
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O
Esi Ghassemi - Mortgage Broker at Centum Financial Services Limited Partnership - Brokerage # 13054
Our mortgage calculator helps you estimate monthly payments, assess affordability, and make informed decisions—whether you're buying your first home or refinancing an existing mortgage. Get personalized insights tailored to your financial situation and goals.
How It Works
Start calculating now and take control of your home financing journey!
Whether you are a first-time home buyer or considering refinancing your home? We offer quick pre-approval mortgages and access to Ontario's most competitive interest rates.
Whether you're looking for financing for a commercial property, we've got you covered.
If you're having trouble qualifying for a mortgage through traditional institutions, don't worry. A private mortgage could be the solution you need.
If you're aged 55 or older, a reverse mortgage allows you to retain ownership of your home, with the mortgage only repaid when you sell the property.
Secure the funds you need to bring your construction projects to life. We offer tailored financing solutions to support your construction endeavors, ensuring your vision becomes a reality.
Grow your business with our flexible and competitive business loan options. We understand the unique financial needs of businesses and provide tailored solutions to fuel your growth and success.
(Buy, Rehab, Rent, Refinance, Repeat) Invest wisely with the BRRRR strategy. Buy distressed properties, renovate, rent for income, refinance to unlock equity, and repeat the process. Build your real estate portfolio strategically with our guidance.
1
2
3
4
Seal the deal with Esi Mortgage and enjoy a $1,000 reimbursement on your legal fees at closing. Secure your mortgage with expert guidance and put more money back in your pocket!
Make your dream home a reality while earning up to $2,500 in cash when you finance your mortgage with us. A smarter way to save on homeownership!
Know someone looking for a mortgage? Refer them to us, and when their mortgage closes, you’ll both receive a $1,000 referral bonus. Helping friends has never been so rewarding!
Take the first step toward your dream home today. Join thousands of satisfied homeowners who trusted Esi Mortgage as their financial partner. There’s never been a better time to secure your future with a competitive mortgage rate that fits your budget.
Apply now and get pre-approved in minutes!
A mortgage is a loan used to purchase a home or real estate property. In Ontario, you borrow money from a lender (typically a bank or a mortgage broker) to buy a home. You then repay the loan over a specified period with interest. The property you purchase serves as collateral, and if you fail to make payments, the lender can take possession of the property through a legal process called foreclosure. Meaning, one portion of the term can have a fixed rate with the remaining of the mortgage loan having a variable rate. With a fixed interest rate, the individual can be put at ease since they know what to expect for the entire term of the mortgage loan. It is a great way to avoid the risk that comes with a variable interest rate. Variable rates as the name suggest can vary throughout the term of the mortgage loan and sometimes even unexpectedly.
There are several types of mortgages available in Ontario, including fixed-rate mortgages, variable-rate mortgages, open mortgages, closed mortgages, and more. Each type has its advantages and disadvantages, so it’s important to choose the one that suits your financial situation and goals.
To qualify for a mortgage in Ontario, you’ll typically need to have a stable income, a good credit score, a reasonable debt-to-income ratio, and a down payment. Lenders will assess your financial situation to determine your eligibility and the amount you can borrow.
The minimum down payment in Ontario depends on the purchase price of the home. For homes under $500,000, the minimum down payment is 5% of the purchase price. For homes between $500,000 and $999,999, it’s 5% of the first $500,000 and 10% of the remaining amount. For homes over $1 million, a 20% down payment is typically required.
Mortgage interest rates can vary, and they are influenced by various factors, including the Bank of Canada’s policy rate, your creditworthiness, and the type of mortgage you choose. It’s best to check with lenders or mortgage brokers for current rates and options.
Yes, Ontario offers several programs and incentives for first-time homebuyers, such as the First-Time Homebuyer Incentive and the Land Transfer Tax Rebate for first-time buyers. These programs can help reduce the financial burden of purchasing your first home.
Yes, you can refinance your mortgage in Ontario. Refinancing can help you access your home’s equity, lower your interest rate, or adjust your loan term. The benefits depend on your financial goals and the terms of the new mortgage.
A fixed-rate mortgage offers a stable interest rate throughout the term, while a variable-rate mortgage’s interest rate fluctuates with market conditions. The choice depends on your risk tolerance and whether you prefer the stability of a fixed rate or the potential savings of a variable rate.
When getting a mortgage in Ontario, you should be aware of closing costs, which may include land transfer tax, legal fees, appraisal fees, mortgage broker fee, and mortgage insurance premiums (if your down payment is less than 20%). These costs can add to the overall expense of purchasing a home, so it’s essential to budget for them.
Esi Ghassemi - Mortgage Broker at Centum Financial Services Limited Partnership - Brokerage # 13054
© 2025 All Rights Reserved.