Affordable, accessible mortgage loans and mortgage refinancing

Put your home to work for you with a mortgage loan

Leverage the equity in your home to maximize your borrowing power. Get a mortgage loan up to $400,000, with affordable payments and rates from 12.99%.

First mortgage refinancing up to $400K

Refinance your first mortgage to help reach your financial goals.

 

Use a mortgage loan for:

  • Debt consolidation
  • Home improvements
  • The flexibility of available cash

 

Loan amount
Up to $400,000
Maximum Loan-to-Value (LTV)
90%
Rates from
12.99%*
Amortization period
Up to 25 years
Term
1–5 years
Secured
Yes
Fees
Yes
Prepayment penalties
Yes
Time to process
2+ days

Second mortgage loans up to $125K

Reset your finances with a second mortgage.

 

Use your second mortgage to:

  • Consolidate debt
  • Cover home improvement costs
  • Achieve financial goals

 

Loan amount
Up to $125,000
Maximum Loan-to-Value (LTV)
80%
Rates from
15.85%*
Amortization period
Up to 20 years
Term
1–5 years
Secured
Yes
Fees
Yes
Prepayment penalties
Yes
Time to process
2+ days

Put your home to work for you with a mortgage loan

APPLY FOR A LOAN 

What to consider with a first mortgage refinancing loan 

Maximum LTV

Loan to Value ratio (LTV) determines your loan value, based on the amount of equity you have in your home.

Time to process

Most mortgages take 2-3 days to process. Read our loan application process to plan ahead.

Fees and penalties

Fees vary by province and may include an appraisal, insurance, administration or other applicable fee.

Mortgage loan type

We’ll work with you to find you a solution based on your credit history, ability to pay, home value and more.

1Interest rates may vary by province.

In Ontario, Fairstone Financial Inc. is licensed as mortgage brokerage 10821.

Name Here

Diane's Story

Diane and her husband have owned their house for a while. When they first moved in years ago, they were busy raising young children. Now that their children are older, they want to take advantage of their free time to tackle home renovations. After an online search, Diane learned about Fairstone’s mortgage loans. The next day she went to her local branch to discuss using the equity in her home to pay for home renovations. She worked with her Lending Specialist to find a mortgage loan that would help Diane and her husband pay for home renovations at a lower interest rate than a personal loan.

This story is based on a typical customer situation.

Loan Amount
$300,000
Interest Rate
12.99%
Paid back in
18 years

Why Canadians choose secured mortgage loans with Fairstone

  1. One-on-one service from a knowledgeable Lending Specialist at your local branch.
  2. Our lowest fixed rates and manageable monthly payments for the life of your loan.
  3. Flexible payment options that work for you.

     

Protect yourself from the unexpected

These valuable benefits can give you peace of mind should the unforeseen occur.

Job Loss Insurance 

Have your loan payments
covered if you're involuntarily
unemployed.

Disability Insurance

If you experience disability and can't work, your loan payments could be taken care of.*

Life Insurance

Protect your family or estate in the future and have your loan paid off in the event of your death.*

Home and Auto Security Plan

Offering home and family benefits, roadside assistance, legal services and more. LEARN MORE

*Coverage varies and is subject to the terms and conditions of the insurance policy and applicable law.

Insurance solutions provided by American Health and Life Insurance Company or Triton Insurance Company. Home & Auto Security plans are administered by Home and Auto Security Plan, Inc.

TALK TO YOUR LENDING SPECIALIST TO LEARN MORE

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/ Lifestyle

10 ways to earn extra income and pay off your loan faster

Ask any of our Lending Specialists and they’ll tell you one of the best ways to pay off your loan faster is to make extra payments. That being said, we understand making extra payments may not always be in the budget. Instead of reducing your expenses, consider finding ways to increase your income.

/ Your loan

Stay in control of your loan with online account management

Looking for ways to stay in control of your loan? Online account management is one of the many tools we offer to help make managing your loan easier. Make payments and view and edit your account details by registering for an account.