Renewing your mortgage
We’ll find the right mortgage to truly complement your financial plan.
Big debts for big assets need the big picture
Your mortgage could be one of your largest debts, used to purchase your largest asset. At IG, we see the big picture, integrating your mortgage strategy into your financial plan and connecting all the financial pieces to get them working together.
Discover the difference an IG mortgage makes
You wouldn’t invest a large amount of money without getting professional advice first. The same should be true when you choose a mortgage. IG provides unique, holistic mortgage advice for your specific needs.
Arrange a free mortgage consultation with an IG Wealth Management Mortgage Advisor
We’ve got you covered, for all your mortgage needs
Buying your first home
We’ll help you through every step of the mortgage process, with the minimum of stress.
Buying a second property
We’ll help your dreams of owning a vacation or rental property come true.
Helping your kids buy a home
Finding the right strategy to provide the down payment your kids need.
Easy mortgage transferral
We make it simple to transfer and integrate your mortgage into your financial plan.
Accessing your home equity
We’ll find a convenient and flexible way for you to access your home’s equity.
Walking you through IG’s fast, seamless and transparent mortgage journey
Contact your IG Advisor, to review your plan and discuss your mortgage needs.
Your IG Advisor and mortgage advisor will work together to include your mortgage as part of your financial plan.
Your mortgage advisor will recommend the best mortgage to suit your situation and financial plan.
Your IG Advisor and mortgage advisor will work closely with you to discover the best mortgage term, structure and rate.
Final approval is delivered, and you buy your new home or renew/refinance your mortgage.
Your IG Advisor periodically monitors your mortgage to ensure it still fits in with your financial plan and evolving needs.
Easy-to-use mortgage calculators
Our calculators will help you work out how much of a mortgage you can afford, mortgage payments and the cost of switching lenders.
Mortgage affordability calculator
Discover the mortgage amount that aligns with your financial plan.
Go to calculator
Prepayment charge calculator
Get an estimate of costs for breaking your mortgage to switch lenders.
Go to calculator
Mortgage FAQs
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How can I qualify for a mortgage?
The amount of money you’ll be able to borrow for a mortgage will depend on a number of factors, including your annual income, outstanding debts, money saved for a down payment and closing costs, your credit score, type of income and location of the home you want to buy.
An IG Advisor, working alongside a Mortgage Advisor, will be able to work out how much you can borrow. You would need to provide them with several documents, including:
- Pay stubs.
- T4s/notices of assessment.
- Government ID and your SIN number to pull a credit report.
- Details of your savings accounts (and RRSPs if you’re using them for the down payment).
- Details of any assets.
With an IG Advisor, the mortgage qualification process is quick, transparent and stress-free. They will quickly let you know if you qualify for a mortgage and for how much. -
How much should I save for a down payment?
If you have less than 20% of the home’s value saved, you’ll have to take out mortgage insurance (usually through the Canadian Mortgage Housing Corporation). This can be thousands of dollars, depending on the cost of your new home, but the insurance premium can be added to your mortgage — you don’t have to pay for it out of your own pocket.
You must have a minimum of 5% of the home’s value saved as a down payment (as well as enough to cover closing costs). Obviously, the bigger the down payment, the lower the loan, which means either lower mortgage payments or a shorter amortization (the amount of time it will take to pay off the mortgage in full).
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Does IG offer pre-approved mortgages?
Yes, we offer pre-approvals for buying a new home. The rate is guaranteed for 90 days, so you have time to find your new home without worrying about mortgage rate increases.
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How can I pay off my mortgage faster?
There are several ways to speed up your mortgage repayment, including:
- Making a lump sum payment each year of up to 15% of your original principal amount and reducing the overall interest you pay on your mortgage.
- Once per year, increasing your regular payment amount by up to 15%. Even a small increase can have a big impact.
- Doubling up your payment by making an additional mortgage payment on a few (or each) of your regular payment dates.
Your IG Consultant will integrate your mortgage into your financial plan, which will allow them to discover the best strategies to help you pay off your mortgage faster.
Connect with an IG Advisor
Whether you’re buying a new home, renewing or refinancing your mortgage, our Advisors can help you get a mortgage that complements your financial plan. They’ll be with you every step of the way and make sure your mortgage continues to work for you over the years to come.
Mortgages are offered by Investors Group Trust Co. Ltd., a federally regulated trust company, and brokered by nesto Inc. Licences: Mortgage Brokerage Ontario #13044, Saskatchewan #316917, New Brunswick #180045101, Nova Scotia #202507230; Mortgage Brokerage Firm Quebec #605058; British Columbia, Alberta, Manitoba, Newfoundland/Labrador, PEI, Yukon, Nunavut, Northwest Territories.
*In Ontario, a mortgage agent, and in New Brunswick and Nova Scotia, a mortgage broker or a mortgage associate.
*In Quebec, a mutual fund representative.
Mortgage advisors are licensed professionals and equivalent to the following titles per province: Sub Mortgage Broker/Mortgage Broker in British Columbia, Mortgage Associate/Mortgage Broker in Alberta, Associate/Mortgage Broker in Saskatchewan, Salesperson/Authorized Official in Manitoba, Mortgage Agent/Mortgage Broker in Ontario, Mortgage Broker in Quebec, Mortgage Associate/Mortgage Broker in New Brunswick, Associate Mortgage Broker/Mortgage Broker in Nova Scotia, or Mortgage Broker in Newfoundland & Labrador.