Residential Mortgages in London, Ontario

With both an international airport, bus station, and train station, London is a prosperous city in southwestern Ontario and has a relatively large population. As a result, one might think it is difficult to get a residential mortgage to move homes, but this is far from the truth. Throughout the year many residents might need financial assistance in buying and financing a new home for a variety of reasons. Home mortgages are perfect for this because it splits the substantial cost of owning a home into small, affordable payments over an agreed upon duration. This way you can put a security deposit that is comfortable for you, and use the lease to pay for the remainder of the home. Also, in case you can’t repay the loan you can resell the property to cover your debt as the property itself secures the loan. Nevertheless, to get a residential mortgage, you need to be approved first. To get approved for a lease you have to have a good credit score, monthly income, and loan to value ratio.

At Smarter Loans, we are a loan directory, and our mission is to help find you the best mortgage provider in London for you.

Below you can see the trusted and respected financial institutions who can help you finance your new home. Take a moment to compare the vendors based on information provided about repayment terms, interest rates, duration of the loan and preferred down payment. Once you have chosen, click “Apply Now” beside the company to finish a short online application. Once approved, you will have the lease to finance your home as soon as possible. If for some reason you are denied and have concerns about your financial health, don’t worry, many of the companies can still help you.

The last option is to “Pre-apply” with Smarter Loans, and we can connect you to the mortgage provider most suited for your home needs in London.

London Info Box

  • Average household income in London comes to $80,400.
  • The employment rate in London is 60%.
  • London’s leading hiring industries are agriculture, forestry, fishing and hunting, finance and insurance, administrative and support, waste management and remediation services.
  • London incorporation year: 1855 is a municipality in Southwestern Ontario. The recent estimates put London’s population at 384,000.
  • On the average, consumer debt in London is estimated at $36,300. In this London surfaced above Ontario’s average.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Smarter.Loans helps you connect with the right Residential Mortgage lenders in London for your financing needs.

Review our directory of Residential Mortgage lenders to get access to the lowest Residential Mortgage rates in London

Residential Mortgages are frequently utilized for these goals

  • purchase a new home in Canada
  • purchase a house
  • purchase a condominium
  • buy a new home with a pre-approved mortgage
  • become a homeowner in Canada
  • purchase a property as an investment


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