Secure the best residential mortgage in Canada at Affordable Rates
Access the best residential mortgage rates in Canada with flexible terms and expert guidance from trusted mortgage brokers.
Best Residential Mortgage in canada
Buying a home is a big step and figuring out the mortgage part can feel like a lot. Between all the lenders, rates, and fine print, it’s easy to get lost. That’s where a mortgage broker comes in.
A mortgage broker helps you sort it all out. They look at your situation, explain your options, and find a mortgage that actually makes sense for you. You do not have to chase banks or try to make sense of complicated terms. They do that for you.
They work with a bunch of different lenders, not just the big banks. So whether you have great credit, are self employed, or just do not fit the usual mold, they will try to find something that works.
And most of the time you do not pay them. The lender covers their fee once your mortgage is in place. So you are getting expert help without having to pay out of pocket.
At the end of the day, a mortgage broker is there to make the process easier, less stressful, and a lot more clear. When you are making such a big decision, having someone in your corner really helps.
✔ Exclusive low interest rates
✔ No hidden fees with full transparency
✔ Custom mortgage plans tailored to your needs
We are recognized as one of the most trusted mortgage companies in Mississauga.
Why Choose AJP Mortgage?
Choose AJP Mortgage for expert advice and the best mortgage solutions in Canada.
Getting a mortgage can feel like a lot but it does not have to be. We are here to make it easier and help you feel good about the whole process. Here is what we offer:
- Lots of Lender Options: We work with over 50 lenders. That gives you more choices and a better chance to find the right one for you.
- Low Mortgage Rates: We can often get lower rates than what you see on your own. That means you save more money.
- Helpful Team: Our team has helped many people get a mortgage. We are here to answer your questions and guide you through everything.
- Personal Service: We listen to what you need and find a mortgage that fits. No one size fits all. Just what works for you.
- Quick Pre Approvals: We work fast. Many people get pre approved in 24 hours or less so you can move forward sooner.
We are here to help you get a mortgage without stress. Simple advice real support and a team that cares.
Types of Residential Mortgages offered by US
Solutions for Every Buyer, Homeowner, or Investor
Whether you’re buying your first home, already own a place, or are building a property portfolio, we offer mortgage options that are made to fit your goals.
First-Time Homebuyer Mortgages
Buying your first home is a big step, and we’re here to guide you through it.
- Low down payment options to help you get started sooner.
- Access to government programs and support.
- Friendly, step-by-step help from start to finish
Homeowner Mortgage Solutions
Already a homeowner? We help you make the most of what you have.
- Refinance to lower your rate or combine your debts
- Smart mortgage renewal advice to help you save on fees and penalties
Investment and Rental Property Mortgages
Looking at a rental or vacation property? We’ve got options that fit your goals.
- Flexible solutions for rentals, vacation homes, or multi-unit buildings
- Advice to help you boost monthly cash flow and grow long-term value
Fixed vs Variable Mortgages
Not sure which type of mortgage is right for you? We’ll help you weigh your options.
Fixed Rate | Variable Rate |
Steady payments every month | Lower starting rate with room to save |
Great for peace of mind | Good if you’re comfortable with some changes |
We’ll walk you through the pros and cons based on what matters most to you.
Open vs Closed Mortgages
Your repayment plans matter when choosing the right mortgage.
- Open mortgages let you pay things off early with no penalties
- Closed mortgages come with lower rates but less flexibility
We’ll help you choose the option that works best for your budget and future plans.
Understanding Mortgage Eligibility in Canada
Know What Lenders Look For
Before your mortgage is approved, lenders check your finances. Here’s what they look at:
Credit Score: A strong credit score improves your chances of approval and getting good rates. If yours is low, we can help you improve it or find flexible lenders.
Debt to Income Ratio: This compares what you owe to what you earn. Lenders want to see you can comfortably make your payments.
Employment and Income: A steady job and income show you can pay on time. You may need to provide pay stubs or tax documents.
Down Payment: The minimum down payment is 5% of the home price. Less than 20% means your mortgage needs insurance, while 20% or more gives you more flexibility.
Special Scenarios
Self-Employed: If you’re self-employed, extra documents might be needed. We know how to present your income so you can get approved.
New to Canada: Newcomers have special programs available. Even without a long credit history, there are options for you.
The Cost of Working with a Mortgage Broker in Mississauga
Thinking about buying a home in Mississauga? Here’s what you need to know about the true cost of working with a mortgage broker, from fees to hidden costs, so you can make an informed decision with no surprises.
No Upfront Fees
At AJP Mortgage, we don’t charge you upfront fees. Our services are typically paid for by the lender once we secure your mortgage, so you don’t need to worry about paying out of pocket.
Commission from Lenders
AJP Mortgage earns a commission from the lender when we help you secure your mortgage. This commission is usually built into your mortgage rate, meaning you don’t pay extra fees.
Special Cases May Involve Fees
In some unique or more complex situations, there may be additional fees. If this is the case, AJP Mortgage will always explain any potential costs upfront.
Appraisal Fees
If required, you may need to pay an appraisal fee to evaluate the property’s value. This cost is separate from AJP Mortgage’s services and is paid directly to the appraiser.
Credit Check Fees
AJP Mortgage may charge a small fee for pulling your credit report. In some cases, we may cover this cost ourselves, depending on your situation.
Legal Fees
During the mortgage process, you may need to pay legal fees for document signing and other necessary steps. These fees are separate from AJP Mortgage’s services and are paid directly to the lawyer.
Residential Mortgage Rates in Canada
Find the Best Residential Mortgage Rates in Canada for Your Dream Home
Fixed-Rate Mortgages
- 3-Year Fixed: Rates start around 3.79%.
- 5-Year Fixed: Rates are as low as 3.69% on select products.
- National Average for 5-Year Insured Fixed: Around 4.57% at major banks.
- Special Offers: Some institutions offer 5-year fixed rates as low as 3.89%.
Variable-Rate Mortgages
- Current Rates: Variable rates are around 3.9%, influenced by recent Bank of Canada rate cuts.
- Prime Rate: As of April 15, 2025, the prime rate is 4.95%.
Disclaimer: Rates may vary over time due to changes in government policies and market conditions. Please get in touch with us for the most up-to-date rates.
Our Residential Mortgage Brokerage Process
Experience a simple and smooth mortgage process with AJP Mortgage from start to finish.
Initial Consultation
We start with a no-obligation consultation to understand your needs and goals.
Pre-Approval
We help you get pre-approved to know exactly how much you can borrow and secure better rates.
Mortgage Options Review
We present you with a variety of mortgage options that suit your financial situation.
Documentation Gathering
We assist in gathering the necessary documents to ensure a smooth application process.
Application Submission
We submit your application to the lenders and work on your behalf to get the best offer.
Offer Evaluation
We review and compare the lender's offer to make sure it aligns with your needs.
Approval and Closing
Once approved, we guide you through the final steps to close on your new home.
Post-Closing Support
After closing, we’re here to answer any questions and provide ongoing support.
Frequently Asked Questions
Find the Information You Need to Make Informed Decisions.
What’s the best type of mortgage in Canada?
It depends on what works best for you. A fixed rate gives steady payments, while a variable rate might save you more if rates go down.
How do I get the best mortgage rate?
Keep your credit score strong, save up a bigger down payment, and compare offers. A broker like AJP Mortgage can help you find the best deal.
What’s the minimum down payment I need?
You need at least 5% of the home price. For homes over $500,000, you’ll need a bit more.
How long does mortgage approval take?
It can take a few days to a couple of weeks, depending on your paperwork and the lender.
Can I get a mortgage with bad credit?
Yes, it’s possible. Some lenders have options for people with lower credit. We can help you explore them.
What’s the difference between insured and uninsured mortgages?
If you put down less than 20%, your mortgage needs insurance. With 20% or more, you don’t need insurance and have more flexibility.
Out of 5
What Our Clients Say
Smooth and Stress-Free
AJP Mortgage made the whole process so easy. As first-time buyers, we had tons of questions, but they explained everything clearly and found us a great rate. We couldn’t be happier.
Emily & Raj
Got a Great Deal
I didn’t think I could get a good rate with my credit history, but AJP Mortgage came through. They found a lender that worked for me and guided me through every step.
Mark Dale
Highly Recommend
The team at AJP Mortgage was friendly, quick to respond, and truly cared about getting us the best option. We felt supported from day one to closing.