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Find the best mortgage rates in Canada from intelliMortgage.
intelliMortgage is a Canadian mortgage brokerage, known for its “Do-It-Yourself” style of mortgage service.
Homebuyers can compare hundreds of mortgage products using the firm’s proprietary Mortgage Builder, then pick the mortgage that best suits their needs with no salesperson bias.
intelliMortgage, or iM for short, is also the only Canadian brokerage that compares detailed product listings for the top 100 lenders in the country.
That’s more than 1,000 mortgage products at your fingertips, whereas the majority of brokers typically work with only a handful of lenders.
Rates are based on a home value of $400,000
intelliMortgage is considered a deep-discount online mortgage brokerage, meaning it works on higher volumes and less profit per deal. That ensures borrowers obtain among the lowest mortgage rates on the market.
intelliMortgage offers a simple process to securing low rates.
Compare rates with iM’s Mortgage Builder search engine
Apply using iM’s secure online portal
Upload any documents required by the lender
intelliMortgage expresses its confidence in having the country’s best mortgage rates with a multitude of rate guarantees.
The first of which is that your rate is guaranteed to be in the best 1% of all mortgage rates in Canada. If, by chance, you’re able to find a lower rate, iM will make good on the guarantee by paying you $500. Terms apply.
Once approved for your loan, intelliMortgage will continue to guarantee your rate against other lender rates up to one-tenth of a percent lower for a similar mortgage. Should you find such a rate at another lender and your current lender won’t match it, you can switch lenders at no cost.
Here are the other guarantees intelliMortgage offers:
Several factors contribute to intelliMortgage being able to offer the best mortgage rates in Canada.
First, they cut out the middlemen. Since mortgage shoppers are doing the legwork of searching for their own personalized mortgage rates, that cuts traditional broker commissions and human resource costs.
iM reinvests those savings into buying down rates. That ensures you’re able to get rates that are lower than virtually any other competitor.
It’s understandable that homebuyers feel an obligation to their wallet to seek out the absolute lowest mortgage rate available. And it’s a noble cause.
But at intelliMortgage it’s easy to find the laser-sharp focus on rate misplaced. Instead, borrowers can search for the best rate for their personal needs and financial situation, based on non-rate factors like penalties, portability, prepayment privileges, blend and increase privileges, and so on.
Choosing a rate with the right features, even if it costs you slightly more in rate, can save you many thousands in the long run.
Considerations factored in by iM’s Mortgage Builder include:
If you close a standard mortgage through intelliMortgage, you will never be required to pay a fee.
Like most brokers and brokerages, they are paid a small commission from the lender directly, and not from the homebuyer.
The only fees that intelliMortgage clients may need to consider are the following:
The only time broker fees might apply is in the case of specialized mortgages, such as sub-prime lending, private mortgages and commercial lending.
intelliMortgage is one of a new breed of deep-discount online mortgage providers in Canada. If you don’t need extensive mortgage hand-holding, prefer doing your own research and love fast, convenient online interfaces, iM may be for you.