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Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Ontario
  4. London
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator London, ON

How much house can you afford in London? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · 2026 stress test and CMHC rules

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax and rules are for this province.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in London

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Sean Prosser Mortgages

Verified

With a decade of experience guiding first-time buyers and investors, Sean Prosser Mortgages focuses on clear communication and transparency throughout the mortgage process. The team helps clients arrange financing and stay informed at every step. While some clients appreciate their professionalism and support, a few have noted occasional delays in follow-up.

Services & Prices
Mortgage Negotiation, Mortgage Refinancing)
First Time Home Buyer Guidance, Property Search Assistance, Home Loan Pre-Approval)
View Profile
(519) 639-5414
Closed Now
561 Southdale Rd East
General Services
Mortgage Services
2

Mark Mitchell - Mortgage Broker London Ontario

Verified

Known for offering 24/7 availability, this mortgage broker serves London and surrounding areas with flexible appointments, including evenings and weekends. The team works with over 35 lenders to assist first-time buyers, self-employed clients, and those seeking renewals or private mortgages. Customers appreciate the quick responses and clear guidance throughout the mortgage process.

Services & Prices
First Time Home Buyer Assistance $500 - $1000
Refinancing Assistance $300 - $800
Self-Employed Mortgage Guidance $400 - $900
Mortgage Rate Comparison $100 - $200
View Profile
(519) 860-2102
Open 00:00 - 23:59
920 Commissioners Rd E, London, ON N5Z 3J1, Canada
General Services
Mortgage Brokerage
3

Mortgage Teacher Ltd.

Mortgage Teacher Ltd. specializes in helping clients understand and navigate mortgage options, including debt consolidation and credit counseling. Their team works with first-time buyers, refinancers, and investors to find suitable mortgages and design prepayment strategies. Customers appreciate their clear communication and personalized guidance throughout the process.

Services & Prices
Initial Assessment Free Consultation
Submission to Lenders Free Consultation
View Profile
(855) 289-2991
Closed Now
151 York St Unit B,London, ON N6A 1A8
General Services
Mortgage Pre-Approval
4

Mortgage Wise Financial

Mortgage Wise Financial specializes in helping clients secure mortgages that fit their unique financial situations, including first-time buyers and those renewing terms. The team assists with finding competitive rates and navigating lender requirements, often praised for clear communication and responsiveness, though some reviews mention inconsistent experiences.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Renewal Free Consultation
Rate Analysis and Comparison Free Consultation
New Loan Setup Free Consultation
View Profile
(519) 433-5013
Closed Now
152 Wharncliffe Rd S London, ON N6J 2K6,Corner of Askin and Wharncliffe Upper floor,London, ON N6C 4N7
General Services
Mortgage Services
5

Jeff Krieger - OMAC Mortgages

With over 25 years of experience, OMAC Mortgages specializes in spousal buyouts, helping separated couples purchase homes. The team offers independent mortgage advice and refinancing options, guiding clients through the process with clear explanations and attentive support. Customers appreciate their responsiveness and thoroughness throughout each step.

Services & Prices
First-Time Homebuyer Assistance Free Consultation
Mortgage Renewal Free Consultation
Refinancing Services Free Consultation
View Profile
(226) 884-5300
Closed Now
99 Horton St W,London, ON N6J 4Y6
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Modern Mortgage Unlimited Company

Modern Mortgage Unlimited Company focuses on personalized service through a community-oriented, boutique approach. Their team of experienced mortgage brokers assists both new and returning homeowners with financing, refinancing, and competitive rate options. Clients appreciate their clear communication and responsiveness throughout the mortgage process.

Services & Prices
Initial Mortgage Free Consultation
Mortgage Renewal Free Consultation
Mortgage Refinance Free Consultation
Information on Loan Options Free Consultation
View Profile
(519) 601-9920
Closed Now
400B Central Ave, London, ON N6B 2E2, Canada
General Services
Mortgage Services
7

Mike Hattim - Dominion Lending Centres - Mortgage Broker London

With access to over 230 lenders, this mortgage team offers a wide range of financing options for first-time buyers, self-employed individuals, and those with credit challenges. Customers appreciate the clear communication and support throughout the mortgage process, noting the team’s responsiveness and helpful guidance.

Services & Prices
Home Purchase Mortgage Free Consultation
Mortgage Refinancing Free Consultation
Mortgage Renewal Assistance Free Consultation
View Profile
(519) 200-2200
Closed Now
20 Meg Dr #2, London, ON N6E 2X9, Canada
General Services
Mortgage Services
8

Jason Armstrong - Mortgage Broker

Specializing in finding the lowest mortgage rates, Jason Armstrong’s team helps clients navigate the complex home financing process with clear explanations and steady support. They assist with a wide range of lender options, including banks, trusts, and private funds, and are known for being responsive and knowledgeable throughout each step.

Services & Prices
First Time Home Buyer Mortgage Free Consultation
Refinancing Mortgage Free Consultation
Investment Property Mortgage Free Consultation
View Profile
(519) 488-1350
Closed Now
465 Waterloo St, London, ON N6B 2P4, Canada
General Services
Mortgage Services
9

The Mortgage Firm

The London Mortgage Firm has been helping Greater London clients secure competitive mortgage rates since 2013. The team offers mortgage brokering and home equity credit lines, focusing on clear communication and access to multiple lenders. While many appreciate their professionalism and responsiveness, some customers have noted unexpected fees and occasional delays in communication.

Services & Prices
Home Purchase Mortgage Free Consultation
Mortgage Refinance Free Consultation
Rate Comparison Free Consultation
Cost Breakdown Analysis Free Consultation
View Profile
(226) 785-0495
Closed Now
204 Oxford St W, London, ON N6H 1S4, Canada
General Services
Mortgage Services
10

Bernie Klacer Mortgage Broker

With over a decade of experience, Bernie Klacer Mortgage Broker offers access to more than 35 Canadian lenders, helping clients navigate mortgages for purchases, refinancing, or renovations. The team is known for clear communication and responsiveness, making the process straightforward even when mortgage rules get complex.

Services & Prices
First-Time Homebuyer Assistance Free Consultation
Mortgage Refinancing Free Consultation
Property Purchase Mortgages Free Consultation
View Profile
(519) 857-8575
Closed Now
768 Maitland St, London, ON N5Y 2W3, Canada
General Services
Mortgage Services

Latest reviews of London Mortgage Brokers near you

Written on TrustAnalytica by clients of the businesses in this list
  • John

    Jill Houston has helped me twice in 5 years . The first time I got the best variable rate and recently I decided to change paths and negotiate a reverse mortgage. Her help and expert advice with such important life time changes can not be underestimated. It would be foolish to make these changes without her advice.

  • Drew

    Mike and his team made my renewal very seemless and answered all my questions. Highly recommend! Thanks Mortgage Teacher!

London Mortgage Brokers near you stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Sean Prosser Mortgages 4.9 86 — (519) 639-5414 Visit
2 Mark Mitchell - Mortgage Broker London Ontario 4.8 19 $100 (519) 860-2102 Visit
3 Mortgage Teacher Ltd. 4.9 102 Free Consultation (855) 289-2991 Visit
4 Mortgage Wise Financial 4.9 95 Free Consultation (519) 433-5013 Visit
5 Jeff Krieger - OMAC Mortgages 5.0 76 Free Consultation (226) 884-5300 Visit
6 Modern Mortgage Unlimited Company 5.0 73 Free Consultation (519) 601-9920 Visit
7 Mike Hattim - Dominion Lending Centres - Mortgage Broker London 4.9 65 Free Consultation (519) 200-2200 Visit
8 Jason Armstrong - Mortgage Broker 5.0 49 Free Consultation (519) 488-1350 Visit
9 The Mortgage Firm 4.5 44 Free Consultation (226) 785-0495 Visit
10 Bernie Klacer Mortgage Broker 5.0 37 Free Consultation (519) 857-8575 Visit

How this London mortgage affordability calculator works

Lenders approve a mortgage when two ratios stay under their limits. Housing costs (mortgage payment, property tax and heating) must be no more than 39% of your gross income, and housing costs plus your other debt payments no more than 44%. The payment is tested at the qualifying rate, not your actual rate. The calculator finds the highest home price that passes both tests and the minimum down payment rules, and adds CMHC insurance to the loan when you put down less than 20%.

Ontario rules and numbers this calculator uses

Stress test
You must qualify at the higher of your rate plus 2% or 5.25% (OSFI and federal insured-mortgage rules).
Debt limits
Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS), the CMHC maximums. CMHC also needs a credit score of at least 600.
Minimum down payment
5% of the first $500,000 and 10% of the part above it. Homes priced at $1.5 million or more need 20% down and cannot be insured.
Mortgage insurance
Under 20% down, a CMHC premium is added to the loan: 2.80% of the loan at 15–19.99% down, 3.10% at 10–14.99% and 4.00% at 5–9.99%, plus 0.20% for a 30-year amortization.
Amortization
First-time buyers and buyers of new builds can take 30 years on an insured mortgage; others are tested at 25 years.
Property tax
About 0.85% of the home's value a year (Ontario average, 2025), plus $100 a month for heating.
Rate
Starts at 4.49% (a typical 5-year fixed, October 2026). Change it to the rate you have been offered.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: CMHC homeowner mortgage loan insurance requirements and premiums, Finance Canada mortgage reforms effective December 15, 2024, OSFI minimum qualifying rate, 2025 municipal residential tax rates.