A great rate is just the start. The right mortgage gets you mortgage-free sooner.

4.9

202

+ reviews

· FSRA Lic. 13301

4.9

202

+ reviews

· FSRA Lic. 13301

Whether you're buying, renewing, refinancing or taking out equity, we compare 70+ Ontario lenders for a great rate, then build in the prepayment and portability that get you mortgage-free sooner. No minimum credit. Free. No obligation. Nothing gets signed.

A great rate, plus the terms that get you mortgage-free sooner
No minimum credit, and room for unique income
70+ Ontario lenders working for you, more chances at yes
24-hour approval, no waiting on the bank

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Read this part carefully.

Everyone shops the rate.
Almost no one shops the terms that pay you back.

Two mortgages can carry the exact same rate and still leave you in very different places five years on. The difference is in the terms: how much extra you can pay down each year, what it costs if life changes and you need to move or break early, whether your equity stays within reach. That is the part worth getting right.

What a great mortgage actually includes

A competitive rate. The part everyone shops for, and the easiest to match.
Prepayment privileges that put more on principal and get you mortgage-free years sooner.
Low penalties if life changes and you need to move, sell or break early.
Portability and equity access, so the mortgage bends with your plans.

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Why the right lender beats staying put

✓ A great rate gets you in the door. The right terms are what get you ahead.
✓ Better prepayment privileges, so you can pay down more without a penalty.
✓ Lower penalties if you sell or need to switch lenders.
✓ Pay your mortgage off faster, with more of every payment going to principal.

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The Math (Yours, Live)

Run the numbers.
See what your mortgage could look like.

See how much you could save by consolidating high-interest debt into one lower monthly payment.

Your mortgage balance at renewal $500,000

$100K$1.5M

Bank's offered renewal rate 5.29%

3.49%6.99%

Years remaining on amortization 20 years

5 yrs25 yrs

*Assumes a Lighthouse-sourced rate of 3.40% vs. your bank's offered renewal rate. Your final rate depends on credit, mortgage size, and lender. Disclosed in writing 2 business days before signing. Illustration only, not a binding offer.

Your Estimated Monthly Savings

$506

/month for your full term

Bank's rate

$3,380

Lighthouse rate

$2,874

Over a 5-year term you'd save

$30,374

Lock In My Real Rate →

From High-Interest Debt To A Clearer Financial Path

From renewal letter to
locked-in rate in 3 simple steps.

Send us the letter your bank mailed. We do the rest. Every day you wait at the bank's rate costs you money.

Tell us your goal

Lower the payment, pay it off faster, buy or free up equity. Tell us what you want your mortgage to do. No documents. No obligation.

We bring you the best fit

We put 70+ Ontario lenders to work for you, so you get the best rate and the terms that fit your goal. More lenders, more chances at yes.

You get a great mortgage

Approved within 24 hours in most cases, with your rate held up to 120 days. If rates drop before you sign, yours drops too.

Apples To Apples

How working with Lighthouse compares to your other options.

An honest look at how each path stacks up at today's rates.

Feature	With Lighthouse	Stay with your bank	Handle it yourself	Switch lenders yourself
Gets you the lowest available rate	✓	✕	✕	✓
Approved within 24 hours	✓	✕	✕	✕
120-day hold with float-down	✓	✕	✕	✕
Works with any lender, including yours	✓	✓	✕	✓
Terms matched to your goal, not just a rate	✓	✕	~	✕
Paperwork handled for you	✓	✓	✕	✕

*Illustrative. Real terms vary by lender, credit and amortization. All disclosures provided in writing 2 business days before signing per FSRA rules.

Feature

Lighthouse 2nd mortgage

Stay on credit cards

Bank refinance

Consumer proposal

Approval available if banks declined

Lowers your monthly payment

Protects (and rebuilds) your credit

Funded within 7–10 days

Qualifies on home equity, not income

No public legal record

*Illustrative. Real terms vary by file. All disclosures provided in writing before signing per FSRA rules.

What you actually get

Why 2,400+ Ontario homeowners chose Lighthouse at renewal.

Rates as low as 3.40%

We compare every major Canadian lender. Most clients lock 0.5–1.5 points below their bank's posted renewal offer.

48-hour rate lock

Send your renewal letter today, get a locked rate by end of week. We handle the broker paperwork while you wait.

120-day hold + float-down

Your rate is held for 120 days. If rates drop before you sign, yours drops automatically. Upside only.

Works with any current lender

RBC, TD, Scotia, BMO, CIBC, National Bank, credit unions. We can move your mortgage to whoever offers the lowest rate.

No surprise fees

Every fee disclosed in writing 2 business days before signing. Switching lenders at renewal is usually free.

FSRA-licensed brokerage

A regulated Ontario brokerage (Lic. #13301). All disclosures in writing per FSRA rules. Your protections are real.

4.9/5 · 202+ reviews

Real Ontario home owners. Real outcomes.

Milica D.

Toronto · 7 reviews

a month ago

Joseph Nahomov provided an excellent mortgage experience from start to finish. He was professional, knowledgeable, and always quick to respond. He clearly explained my options and worked hard to secure a great rate that fit my needs. The whole process felt smooth and stress-free thanks to his support. Highly recommend!

Vince S.

Mississauga · 5 reviews

a month ago

Daniel took good care of me through the purchase of my new home. He was always available to me and contact me when needed. You need information to make an informed decision. With that, I would definitely recommend Daniel.

Brandon G.

Orangville · 1 review

3 weeks ago

5 stars all around for Lighthouse Lending! Daniel was professional, helpful, and made the entire process smooth and stress-free. Highly recommend to anyone looking for great service and honest support!

Anastazja

Oshawa · 2 reviews

a month ago

Kristen is incredibly professional and knowledgeable. She goes above and beyond to ensure her clients receive the best possible service.

Taylor C.

Barrie· 5 reviews

6 days ago

As a first-time home buyer, I had a great experience working with Daniel Fisher. He was highly responsive, knowledgeable, and always took the time to address my questions thoroughly.

Roupen Y.

Markahm · 3 reviews

2 months ago

I had a really great experience working with them. Professional and really good at working with you to explore options and guide you step-by-step. Kristin was great to work with.

Apples To Apples

If three or more sound like you, call us today.

You own a home in Ontario.
Your mortgage renewal date is within the next 1–6 months.
Your bank sent you a renewal letter (or one is on the way).
You haven't compared rates across other lenders.
You don't want to spend hours on the phone with banks.
You'd like the paperwork handled for you.

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Why moving now matters

Canadian bond yields are volatile right now, and fixed mortgage rates move with them. The rate available today may not be available next month.

Lock in a rate within 48 hours and hold it for 120 days. If rates drop before you sign, your locked rate drops too. You can't lose by checking.

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Lock In Today's Number

(905) 234-3323

Common Questions

Honest answers, no fine print.

What happens during a mortgage renewal?

At the end of your mortgage term, typically every 1 to 5 years, your contract expires. Your current lender sends a renewal letter 3–4 months before your renewal date with their offered rate. You can sign it, negotiate with them, or move your mortgage to a new lender for a better rate. If you do nothing, most banks automatically renew you at their posted rate, which is rarely the best one available.

How early can I renew my mortgage in Canada?

Most lenders allow you to renew up to 120 days before your renewal date with no prepayment penalty. That's the window where you can lock today's rate with float-down protection. If rates drop before you sign, yours drops too. If they rise, you keep your locked ra

What is a 120-day rate hold and how does float-down work?

A rate hold lets you lock today's rate for up to 120 days while you finalize your new mortgage contract. Float-down means if interest rates drop before you sign, your rate drops with them, automatically. You get the best of both worlds: protection against rate hikes, plus upside if they fall.

Will switching lenders at renewal cost me anything?

Usually not. When your mortgage term ends, you're free to move to another lender without any prepayment penalty. The new lender typically covers your legal and appraisal costs (we negotiate this into the deal). Renegotiating with your current lender is free too, but they rarely lead with their best rate unless you have a competing offer in hand.

Do you check my credit to give me a quote?

No. The initial quote is based on basic info from your renewal letter and a quick chat. No credit check required. We only run a soft credit pull once you ask us to move forward, and that has zero impact on your score.

What's the difference between renewing and refinancing?

A renewal means signing a new term on your existing mortgage balance, either at your current bank or a new lender. A refinance means breaking your mortgage to take out more equity or restructure the loan (usually with penalties if you're mid-term). At renewal time, there's no penalty either way. We help you decide which fits.

Do I have to leave my current bank if Lighthouse finds a better rate?

Not at all. We often use a better quote from a competing lender as leverage to get your current bank to match the rate. Many clients stay with their existing lender, at a lower rate they would never have been offered otherwise. Either way, you win.

A great rate is just the start. The right mortgage gets you mortgage-free sooner.

4.9

★

2,400+

24 hour