Mortgage Rates

Displaying mortgage rates without proper explanation, can be very misleading. Most broker and bank rate sites list an array of their lowest mortgage rates, however unless you have the required qualifications that haven’t been listed, these rates might be meaningless and lead to disappointment by some.

Being quoted a mortgage interest rate today without being asked the proper questions, is much like asking a doctor who you are visiting for the first time to prescribe you a medication, without learning your symptoms, your medical history and perhaps taking a few tests. It just can’t be done.

Key information for determining your rate

  • Credit scores of all applicants and credit history;
  • Down payment or equity in the existing home;
  • Purpose of mortgage (purchase, switch, refinance, etc.);
  • Employment or self-employment details and ability to confirm income;
  • Property location, home type, use and condition of property and zoning;
  • Prepayment privileges, penalties, features and future flexibility;
  • Size of mortgage and purchase price of home;
  • When the funds are required; and
  • Term of mortgage being requested, and fixed term vs. variable rate.

With this information in hand, an experienced mortgage broker can often quote you a rate, or range of rates that might be available to you, subject to satisfactorily confirming the above. At times, they may even have to make a few calls for special purpose loans, and get back to you with what has been learned

We navigate the mortgage market for you. As professionals we shop for you and in doing so we provide proficient service and advice.

Nick and his staff were very efficient and helpful. Nick in my opinion went above and beyond what was required in arranging my new mortgage.  This has been my experience over the past 25 years when dealing with Mortgage for Less and Nick specifically.

Steven Hensman

Google Review

Nick Mitskopoulos was professional, trustworthy, efficient and proactive. His expertise as a broker was evident from the moment we met him. We had encountered 2 other brokers before but we decided to go with Nick because of his professionalism and sense of ethics. He was also patient and answered our numerous questions. We definitely recommend him as a mortgage broker. Keep up the good work Nick!

Sylvie Leung

Google Review

At no cost to you, we work on your behalf with your best interests in mind, until the mortgage transaction is closed and you are funded.

We asses your situation, advise on a mortgage product, find your best rate and provide you with options to customize your mortgage.

Nick was great to deal with. Professional, knowledgeable, polite and quick to answer any questions we had. Throughout the process from mortgage pre approval all the way through to closing day he stayed in touch making sure we had all the information necessary.
Would highly recommend Nick.

David Lowcock

Google Review

I have used Mortage For Less for all my mortgages since purchasing my first home nearly 15 years ago. From our first experience Nick has always been amazing at providing advice and negotiating great deals, and we have been a loyal customers ever since. Nick also jumped in quickly to help us work out a line of credit through our mortgage when we inquired a few years ago, and he provides interesting updates on the market. I plan on sticking with Nick for as long as I own a home.

Rob Taniwa

Google Review

We consider your financial needs and goals to provide a proficient service of strategic mortgage customization.

We provide advice before and after a mortgage. We're dedicated to answering and advising on all your mortgage inquiries.

What a pleasure it is to do business with Nick. I have used Nick as my mortgage broker several times now and wouldn't think of using anyone else. He is knowledgeable, professional and always timely on any questions or inquires I have. He makes you feel like you are a special customer through the entire process. Nick thanks again for all you expertise and making this a smooth transaction.

Much appreciated !

Danny Phillips

Google Review

It's always been a pleasure to work with you. Everything was made very easy for us even though you are in a different province. I believe I always got a great rate without me having to negotiate with several different banks. All the work was done for me. Thank you.

Mary Tiberio

Google Review

We provide a continued service of advice to strategically save tens of thousands over the life of a mortgage.

Verico ​Mortgage for Less Corp.

120 Eglinton Avenue East
Suite 500 
TorontoON M4P 1E2 

Phone: (416) 699-1010

Fax: 1-855-221-2154

Toll Free: 1-888-448-2222


Ontario Mortgage Broker License Number 11125

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All Rights Reserved.