High Ratio Mortgages in Ontario

In Ontario, high ratio mortgages are at the heart of making homes affordable for people from all walks of life. High ratio mortgages have played a crucial role in the development into a diverse and robust economy and community that Ontario is known to be today. High ratio mortgages are mortgages that can be obtained without a downpayment of 20%, but in return for a greater risk from the banks, the applicant is required to obtain mortgage insurance. This serves as a great option for young couples who struggle to put together a 20% downpayment. If it’s a high ratio mortgage that you are interested in, Smarter Loans is able to help you acquire one in a more easy way.

In Ontario, you’ll be able to secure a high ratio mortgage by leveraging the information that Smarter Loans has made available to you.

Instead of looking for a high ratio mortgage all on your own, through Smarter Loans, you’ll be able to ensure that you make a decision for a high ratio mortgage that is mutually beneficial over the long term. You’ll be able to do this by comparing terms, rates and offers below in the Smarter Loans directory before committing.

Weigh all fo your options and then click “apply now” when you’re ready to proceed to the online application. Before you can get confirmed and approved, you’ll need to answer a few questions in order to qualify for the high ratio mortgage. If you don’t have enough time to consider your options, you can also alternatively pre-apply with Smarter Loans and we’ll ensure that you are paired up with a high ratio mortgage and provider that is able to accommodate you.