×

Review Keywords Analysis

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

Mortgage Affordability Calculator Mississauga, ON

How much house can you afford in Mississauga? 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 Mississauga

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

1

Ross Taylor Mortgages, Concierge Mortgage Group

Verified

Specializing in difficult mortgages and first-time homebuyers, Ross Taylor Mortgages offers mortgage brokerage services primarily through phone, email, chat, or video calls. Clients appreciate the team’s clear communication, patience, and ability to secure competitive rates, though all interactions are remote rather than in person.

Services & Prices
Home Mortgage, Private Loan, Mortgage Rate Negotiation)
View Profile
(289) 804-9700
Open 8:30 AM - 6:00 PM
86, 50 Burnhamthorpe Rd W Unit 239, Mississauga, ON L5B 3C2, Canada
General Services
Mortgage Services
2

AKAL Mortgages Inc

Verified

With over 16 years of experience, AKAL Mortgages Inc specializes in helping clients across the Greater Toronto Area find mortgage options that fit their unique financial situations. Their team handles residential, commercial, and business transactions, and clients appreciate the knowledgeable agents and supportive, informative approach throughout the process.

Services & Prices
3-Day Boot Camp, Specialized Workshops, Webinars)
Digital Marketing Training, Content Creation Workshops)
View Profile
(416) 621-1300
Open 10:00 AM - 6:00 PM
120 Traders Blvd E #202, Mississauga, ON L4Z 2H7, Canada
General Services
Mortgage Training
3

Gurbinder Sandhu GTA Mortgage Agent

Verified

Specializing in residential and commercial mortgages across Mississauga and Brampton, this mortgage agent is known for clear communication and patient guidance. The team handles everything from first-time homebuyer needs to complex financing, with clients appreciating their responsiveness and organized approach, though some may find the process detailed.

Services & Prices
Mortgage Pre-Approval, Mortgage Approval Assistance, Mortgage Rate Negotiation)
Financing Strategies, Closing Process Guidance)
View Profile
(647) 938-3300
Open 00:00 - 23:59
2425 Matheson blvd E 8th Floor
General Services
Mortgage Services
4

Harpreet Singh - GTA Mortgage Agent

Known for guiding clients through complex mortgage challenges, Harpreet Singh - GTA Mortgage Agent offers mortgage brokerage services focused on home purchases and investment properties. The agents keep clients informed throughout the process and are praised for responsiveness and clear communication, though minor delays near closing have been noted occasionally.

Services & Prices
First-Time Homebuyer Assistance Free Consultation
Investment Property Financing Free Consultation
Mortgage Refinancing Free Consultation
View Profile
(416) 795-1919
Open 9:00 AM - 6:00 PM
100-50 Village Centre Pl, Mississauga, ON L4Z 1V9, Canada
General Services
Mortgage Services
5

Deepak Bansal Mortgage Broker - Dominion Lending Centres Mississauga

Licensed to access a wide range of mortgage products from banks, credit unions, and trust companies, Deepak Bansal Mortgage Broker offers impartial advice for first-time buyers, refinancing, and equity takeouts. Clients appreciate the clear explanations and steady support throughout the mortgage process, though some note the pace can vary with complex cases.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Pre-Approval Free Consultation
Debt Consolidation Advice Free Consultation
Custom Loan Options Setup Free Consultation
View Profile
(416) 347-9292
Open 9:00 AM - 8:00 PM
5780 Timberlea Blvd #106, Mississauga, ON L4W 4W8, Canada
General Services
Mortgage Brokerage
Where they are 10 on the map Click a pin for the profile and directions
6

Lotus Loans and Mortgages Corp.

With over two decades of experience, Lotus Loans and Mortgages Corp. specializes in helping clients secure and refinance mortgages with personalized guidance. Their team offers expert advice on home equity loans and debt consolidation, earning praise for clear communication and thorough support throughout the process. Some clients note the need for patience during busy periods.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Refinancing Options Free Consultation
View Profile
(905) 791-1100
Open 9:00 AM - 6:00 PM
4307 Village Centre Ct, Mississauga, ON L4Z 1S2, Canada
General Services
Mortgage Brokering
7

Mortgage In The City Inc

With over 25 years of mortgage experience, Mortgage In The City Inc offers personalized guidance for home purchases and renewals across Toronto and the GTA. The team provides detailed financial analyses and clear explanations to help clients navigate the process confidently. Customers appreciate their proactive communication and thorough support throughout each step.

Services & Prices
Mortgage Approval Free Consultation
Mortgage Refinance Free Consultation
First-Time Buyer Assistance Free Consultation
Debt Consolidation Loans Free Consultation
View Profile
(416) 629-5363
Open 9:00 AM - 9:00 PM
188 Lakeshore Rd W Unit 6,Mississauga, ON L6H 1G6
General Services
Mortgage Services
8

Clover Mortgage Inc. - Mortgage Brokers

With over 20 years of combined experience and access to more than 300 mortgage options from over 40 lenders, Clover Mortgage specializes in both residential and commercial mortgages. The team also assists with financing for home renovations and expansions, offering guidance throughout the process. While communication can sometimes be slow, customers appreciate their persistence and ability to… more...

With over 20 years of combined experience and access to more than 300 mortgage options from over 40 lenders, Clover Mortgage specializes in both residential and commercial mortgages. The team also assists with financing for home renovations and expansions, offering guidance throughout the process. While communication can sometimes be slow, customers appreciate their persistence and ability to find competitive rates.

Services & Prices
Mortgage Refinancing Free Consultation
Home Purchase Mortgage Free Consultation
Construction Mortgage Free Consultation
Pre-Approved Mortgage Application Free Consultation
View Profile
(416) 674-6222
Open 00:00 - 23:59
77 City Centre Dr Suite 150, Mississauga, ON L5B 1M5, Canada
General Services
Mortgage Services
9

Best Refinance - Second Mortgage Brokers????- Expert Mortgage

Licensed in California and experienced with both conventional and private lenders, Best Refinance - Second Mortgage Brokers offers a range of mortgage refinancing options beyond typical bank products. Customers appreciate their fast approvals, clear communication, and ability to handle challenging cases, though some note the process can involve detailed questions.

Services & Prices
Mortgage Refinance Free Consultation
Second Mortgage Free Consultation
Home Equity Loan Free Consultation
Private Mortgage Free Consultation
View Profile
(416) 895-6074
Open 9:00 AM - 9:00 PM
3880 Duke of York Blvd, Mississauga, ON L5B 4M7, Canada
General Services
Mortgage Services
10

Mortgage Diligent Ltd.

Mortgage Diligent Ltd. stands out for offering fully digital mortgage services, allowing clients to explore options and complete processes from home with flexible hours. Their team works with a wide range of mortgage products, including loans for the self-employed and refinancing. Customers appreciate their clear communication and proactive support, though some note the process can be detailed.

Services & Prices
Mortgage Approval Assistance Free Consultation
Rate Comparison Free Consultation
Loan Consolidation Free Consultation
View Profile
(289) 521-6900
Open 9:00 AM - 6:00 PM
1305 Matheson Blvd E, Mississauga, ON L4W 1R1, Canada
General Services
Mortgage Services

Latest reviews of Mississauga Mortgage Brokers near you

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

    Unpleasant experience!!! I contacted Clover Mortgage and spoke to someone. Than have clover mortgage contact me the next day snd they had no idea I spoke to someone already. I was contacted by someone that was away from the office. I ended up speaking to Rushi. I gave him all the requested paperwork…

  • Kwon

    Tyler Salmon is a great mortgage broker who works very hard, closes quickly, and updates several times a day, breathing with customers and doing their best on the customer's side. Highly recommended.

Mississauga Mortgage Brokers near you stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Ross Taylor Mortgages, Concierge Mortgage Group 5.0 122 — (289) 804-9700 Visit
2 AKAL Mortgages Inc 4.9 102 — (416) 621-1300 Visit
3 Gurbinder Sandhu GTA Mortgage Agent 5.0 42 — (647) 938-3300 Visit
4 Harpreet Singh - GTA Mortgage Agent 4.9 187 Free Consultation (416) 795-1919 Visit
5 Deepak Bansal Mortgage Broker - Dominion Lending Centres Mississauga 5.0 100 Free Consultation (416) 347-9292 Visit
6 Lotus Loans and Mortgages Corp. 5.0 100 Free Consultation (905) 791-1100 Visit
7 Mortgage In The City Inc 5.0 100 Free Consultation (416) 629-5363 Visit
8 Clover Mortgage Inc. - Mortgage Brokers 4.8 94 Free Consultation (416) 674-6222 Visit
9 Best Refinance - Second Mortgage Brokers????- Expert Mortgage 4.9 66 Free Consultation (416) 895-6074 Visit
10 Mortgage Diligent Ltd. 4.8 63 Free Consultation (289) 521-6900 Visit

How this Mississauga 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.

Frequently asked questions

8 questions
How does the mortgage affordability calculator work?
The calculator estimates the maximum home price you can afford based on your income, debts, down payment, interest rate, and first-time buyer status.
What is the stress test for mortgages in Ontario?
The stress test requires you to qualify at the higher of your contract rate plus 2% or 5.25%.
What are GDS and TDS ratios?
GDS is the percentage of gross income for housing costs, max 39%. TDS includes all debts, max 44%, both at the qualifying rate.
How does CMHC insurance affect my mortgage?
CMHC premiums vary by down payment: 2.80% at 15-19.99%, 3.10% at 10-14.99%, 4.00% at 5-9.99%. No premium at 20% down.
Can first-time buyers get a 30-year mortgage?
Yes, first-time buyers and those buying new homes can have a 30-year amortization on an insured mortgage.
How do debts affect my mortgage eligibility?
Higher monthly debts reduce the mortgage amount you can qualify for, as they impact your TDS ratio.
What are property taxes like in Ontario?
Property tax is about 0.85% of the home's value annually, based on 2025 rates.
What's the difference between pre-approval and pre-qualification?
Pre-approval confirms your borrowing power after verifying income, debts, and credit. Pre-qualification is an estimate.

General information, not financial advice — consult a qualified professional.