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Purchase Mortgage

A purchase mortgage is the most standard and essential loan, it's used by millions of Canadians to obtain property ownership.

For over half of a century it has been providing Canadians with the financial means to own property. Once a priority purpose of life insurance companies, the purchase mortgage is the reason for the proud conception and growth of the Canadian mortgage industry.

Purchase Mortgage types and uses

House Mortgage

Buying a home is the staple reason for a purchase mortgage. It provides Canadian borrowers with a loan to purchase property and more than half of Canadian homeowners use a mortgage to obtain property. Getting a mortgage is one of the key steps in obtaining property ownership. 

Buying a home can be a hectic and stressful process, especially if you're a Toronto home buyer, that's why we're here to help. We save you the time, effort and money of spent shopping for a mortgage. We do the shopping for you and in combination with our experience we provide you the best mortgage, rate and advice for your home purchase.

First-Time Home Buyer Mortgage

As a first-time home buyer, you're eligible to benefit from a variety of government programs that reduce the costs associated with obtaining property in Canada.

A purchase mortgage is no different for first-time home buyers, though by status a new buyer can financially take advantage of a variety of beneficial programs for reducing closing costs.

We've helped many Canadians with their first mortgage and home purchase and we'd be happy to help guide and provide you with the best mortgage for your future as a homeowner.

Investment Property Mortgage

A purchase mortgage can be used to obtain a second property. Many Canadians use investment property to collect on future equity and/or rent to tenants for a monthly rental income. It can even be an investment in a condo with the intention to rent and eventually pass equitable ownership to family when they're of age. Whatever you property investment needs, we can help you obtain financing and the best mortgage and rate for your financial needs and goals.

Vacation Property Loan

Ontario has many cottage communities surrounding its plentiful lakes. Purchase mortgages are used by many Canadians to obtain a second property for a vacation getaway, it's commonly for cottage ownership. We can help advise upon a mortgage and get you approved for a vacation property loan.

Required documents for a Purchase Mortgage


Why is it required?

Important things to note

Income Verification

Why is it required?

Important things to note

Proof of Down Payment

Why is it required?

Important things to note

MLS Listing

Why is it required?

Important things to note

Property Appraisal

Why is it required?

Important things to note

Signed Purchase and Sale Agreement

Why is it required?

Important things to note

Void Cheque

Why is it required?

Important things to note

Are you a first-time home buyer?

Take advantage of a variety of government programs for first-time homeowners.

Have a question?

Feel free to send us an email with any questions you may have about the required documents for a purchase mortgage.

We'd be happy to help!

How to get started with a Purchase Mortgage

Read our mortgage guides

We have a variety of useful guides that are essential and helpful for all your mortgage needs and questions. We cover everything from basic mortgage concepts to the functions and components of a mortgage to in-depth mortgage guides and strategies.

Bookmark Us!

We have a variety of informative and useful pages. Take advantage of the free resources we offer with convenient bookmarks for all your mortgage information needs.

Determine what you can afford

We have a few excellent options to determine what you can afford to borrow. We offer an easy to use Mortgage Qualifier Calculator. Simply input the required information and let our calculator give you an idea of how much you can afford to borrow.

If you want to get the most accurate idea of how much you can afford to borrow, contact us or fill out our online mortgage pre-approval form.

Get pre-approved

To determine what you can afford get a mortgage pre-approval. Along with qualifying you for a mortgage amount, a pre-approval will also lock in an interest rate for 120 days.

Decide on a mortgage loan

There are a variety of mortgage types and purposes. Deciding on the best mortgage for you is essential to getting the most logical loan for your financial needs, goals and future.

If you don't know what you want or need in a mortgage, we can assess your finances and  in consideration of your financial needs and goals, we'll provide the best mortgage and rate for you.

Contact us for advice

We can assess your situation and advise on a mortgage product that will meet your financial goals and needs into the future.

Contact us for mortgage consultation

We can be contacted by phone, email or directly through our website. We do consultations through email, phone and meetings. To begin a consultation fill out a form pertaining to your mortgage needs.

We've been helping Canadians obtain financing at the best terms and rate for 30 years and we'd be happy to help you get the best mortgage.

Fill out an online form

We have a variety of forms and applications at your disposal. We do everything from mortgage applications to mortgage assessments to helping to improve credit ratings.

How getting a Purchase Mortgage works

Fill out our online mortgage application

We assess your financial information

We chat about your mortgage financing options

We collect your required documents

We shop for your best mortgage and rate

We submit your application to a lender

You get approved for mortgage financing

We continue to advise and standby to guide

Determine your home equity 
with a free Ontario property assessment

A summary of our mortgage service

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.

Obtain property with a purchase mortgage

Apply online

Our mortgage application and mortgage pre-approval are simple, straightforward and don't require much information to begin the consultation.

Want a consultation?

We have been advising on mortgages for 30 years and we've helped thousands of Canadians get approved for their mortgage financing needs.

We'd be happy to help you with your purchase mortgage.


120 Eglinton Avenue East, Suite 500 TorontoON M4P 1E2 Canada

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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