Understanding Your Best-Rate Guarantee
Complete our simple online application, start a chat, call us, or visit one of our convenient locations.
We'll provide the best mortgage rate through a straightforward pre-approval process. Ensure you qualify based on federal stress-test guidelines.
You have up to seven days to find a lower qualifying rate on a similar mortgage from any lender or broker in Canada.
If you discover a lower qualifying rate on a similar mortgage, we’ll beat it or give you $500—it's that easy!
Rules for the Rate Guarantee Program
At LendingHub, our mission is to provide you with a better mortgage at the best rate possible. That’s why we were the first Canadian mortgage brokerage to offer a best-rate guarantee on similar mortgages from competitors.
What is a 'similar mortgage'? It must be for a primary home, with the same term and loan amount, and have the same or lower closing costs.
Eligibility Requirements
If you find a better interest rate from the guaranteed rate mortgage lender, we are here. LendingHub will either offer you a lower rate or pay you $500 if you qualify.
For our Guarantee to apply, both our mortgage and the competitor’s must be for a primary home, with the same term, discount points, and loan amount, and have the same or lower costs.
This Guarantee does not cover cashback or effective rate offers from other lenders. It is only valid for first-lien products, not second-lien products, and applies only to properties in LendingHub.
How Does Our Rate Guarantee Keep Your Costs Low?
At LendingHub, our Mortgage Rate Guarantee is designed to give you confidence when choosing a mortgage. Here’s how it works in simple terms:
- When you apply for a fixed-rate mortgage, we promise that our interest rate will be competitive.
- For our guarantee to apply, both our mortgage and the competitor's must be for a primary home. They should have the same loan amount, term, and costs.
- This means if you find a similar mortgage with a lower rate, we want to make sure you get the best deal possible. It’s important to note that our guarantee doesn’t cover cashback offers or effective rates from other lenders.
- It only applies to first-lien mortgages, which means the first loan on your property. Plus, it’s valid only for homes within specific areas where we lend.
- With our lowest mortgage rate, you can shop with peace of mind, knowing that we’re committed to helping you secure the best possible rate for your new home.