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.
Enter your yearly household income.
Savings, RRSP Home Buyers' Plan, FHSA and gifts from family all count. Minimum: 5% of the first $500,000, 10% above that.
4.49% (a typical 5-year fixed, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
|---|
Sean Prosser MortgagesPremium
4.9 · 86 reviews · Free pre-approval
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Mark Mitchell - Mortgage Broker London OntarioVerified
4.8 · 19 reviews · Free pre-approval
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Mortgage Teacher Ltd.
4.9 · 102 reviews · Free pre-approval
Get pre-approved →
An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Mike and his team made my renewal very seemless and answered all my questions. Highly recommend! Thanks Mortgage Teacher!
| # | 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 |
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%.
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.