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Privacy Policy

RateSheet.ca Inc. (hereinafter, referred to as ‘Website’ or ‘Company’, or ‘We’ or ‘Our’) respects the online privacy of the users of this Website. To put our commitment in black and white, We have devised this comprehensive Privacy Policy (hereinafter, referred to as ‘Policy’), which is consistent with the provisions of Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA) 2000. The provisions contained hereunder inform the users about the manner in which We collect, use, protect, and, sometimes, disclose their personal and non-personal information. By using any of the features of this Website, the users acknowledge that they have understood and agree to such collection, use, protection, and, disclosure of their personal and non-personal information.

Changes & Updates

We reserve the right to change this Policy anytime without informing anyone. However, any substantial changes or modifications to this Policy will be notified to the registered users. All the changes and updates will be effective from the time they are posted on this page. We recommend that the users should periodically check this page for latest updates and modifications to Privacy Policy. The continued usage of this Website after the changes signifies the implied acceptance of the users to such amended Privacy Policy.

Information Collection and Usage

We collect only that much information from the users as is required in order to provide efficient, timely, reliable, and satisfactory services.

When the users apply for the mortgage online through this Website, We collect certain personal details from the users, including without limitation, user’s full name, postal address, email address, telephone number, mobile number, etc. This personal information is used to contact the users regarding their application, informing them about any bid placed on their application by any broker, or any other matter that we consider relevant to their use of this Website, including without limitation, resolving disputes, providing customer support, troubleshooting the problems, and enforcing our Terms & Conditions Agreement and other policies regarding the use of this Website.

We also reserve the right to seek a credit report from any external agency about the users and/or brokers participating in this Website. Such information is used to verify the information provided by the users, carry out credit checks, seek bids from brokers, complete any loan arising from acceptance of a broker’s bid, seek feedback on the user-experience of this Website, for statistical purposes and in connection with the operation or development of this Website. This information is also shared with the brokers and credit reporters in order to enable them to bid informatively.

We also collect the email address of the users when they sign up to receive Our newsletter. However, the users are free to unsubscribe from the newsletter at any time by email: unsubscribe@RateSheet.ca with the term ‘unsubscribe’ as the email subject.

We may publish the users’ feedback comments as testimonials on Our Website. For this, We shall seek prior permission from such users before publishing.

We also collect certain non-personally identifiable information from the users visiting or using any feature of this Website. This non-personally identifiable information includes, without limitation, user’s Internet Protocol (IP) Address, browser-type, operating system installed on the computer, or Internet Service Provider’s (ISP’s) IP Address. This non-personal information is mostly used to enhance users’ Internet experience, particularly the browsing experience of this Website. We may also use this information to generate generic statistics and aggregate reports for internal use and for sharing with Our affiliates and advertisers. However, none of this statistical and non-personal information will contain any contact details that could personally identify the users.

We do not sell, rent or otherwise trade in any kind of personal or non-personal information of the users so collected by our systems, except for marketing purposes and that too, after express consent of the users.

Cookies

We use innocuous cookies to enhance the browsing experience of the users. This Website uses cookies to save the login and password in order to avoid re-entering this information each time the users visit different pages on this Website. We also use cookies for measuring traffic statistics on this Website and to track when the users clicked to a broker’s website. We use reputable independent third-party tracking company for Our clicks and call tracking. By signing out of the account, all the cookies deposited by this Website on the user’s computer system will be cleared. The users can refuse to accept cookies by adjusting their browser preferences. However, We strongly advise against doing so as it will diminish the browsing experience of this Website.

Security

All the personal information, including that collected for payment purposes, is stored and preserved on the third-party servers, which are subject to the strictest safety codes as prevalent in the industry. We employ reasonable human and technological security measures at multiple levels in order to preserve the personal as well as financial information of the users. However, We disclaim any liability arising on account of any compromise of personal information at Our end despite Our best technological and human safeguards due to infallibility of technology.

Disclaimers as to Disclosure

We can’t be held responsible for the disclosure of users’ personal or non-personal information under any, some, or all of the following circumstances:

Disclosure to government agencies in response to legal processes; or
Any unlawful access to, and transmissions of, personal information from the Website; or
Disclosure of personal information by the user himself on public and private forums, like blogs, social networking websites, message boards, etc.
Disclosure to Our agents, suppliers and service providers, under Confidentiality Agreement, as part of making available Our website and related products and services. All such persons and entities are provided only with the information needed to perform their specific function and may not use such information for other purposes.
Disclosure to the operators or administrators of promotions and contests on this Website of personal information collected and stored for the purpose of the contest.

External Links

This Website may contain links to third-party websites. We are not responsible for, neither do we control nor monitor, the privacy practices of such websites. If the users visit these websites through RateSheet.ca, such visit or usage of these third party websites is subject to the Terms and Conditions and Privacy Policies of the linked websites.

We have tried to address all the privacy concerns of the users of this Website through this Policy. However, in case the users still need any clarification on any of the provisions of this Policy or need additional information, they are encouraged to contact us. We’ll try Our best to address all their concerns.

Buying a home

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Mortgage & Rates

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Best Mortgage Rates

Bank Mortgage Rates

Mortgage Brokers

Best Mortgage Rates

No matter which province or territory you reside in, finding the best mortgage rate can save you thousands of dollars. Obviously, there are not many people who can purchase property without taking out a home loan. Taking out a home loan lets you buy, live in and/or use a home without needing to come up with the full dollar amount at the time of purchase. Usually the amount of the loan is equal to the majority of the home’s worth, but the downfall of this is that you will be required to pay interest on the loan. Most lenders insist on a down payment, i.e., a payment equal to a portion of the property’s worth. For instance, if a home is worth $200,000 and the buyer would need to make a down payment of 10%. This would equal a $20,000 down payment ($200,000 x 10%). To make up the balance, the lender would loan you $180,000 ($200,000 minus the $20,000 down payment).

When you are dealing with interest rates on large amounts of money even a variance in interest rates as small as an eight of a percent can make a significant difference in the amount you will be required to repay. Typically the interest is also calculated over long periods of time, which puts even more emphasis on securing the best rate possible. To make things more complicated there are also different rate and mortgage rates. This can make it difficult to determine whether you are comparing apples to apples or apples to oranges.

Interest rates can vary widely even from day to day so locking in on the best rate is extremely important. One of the easiest ways to do this is to enlist the help of a mortgage broker who can act as an entry way to a variety of lending institutions – banks, credit unions, etc. A mortgage broker can shop around for you, which make them a great resource for finding the right rate and mortgage options.

A potential buyer also needs to understand how much is a reasonable amount to borrow as well as the implications of payment frequency.

Home Purchase Mortgage

Buying a home requires a huge financial and lifestyle commitment and whether you are a first-time home buyer, upgrading to a larger, more expensive home, purchasing a rental home or buying a vacation property, there is always a lot to consider. One of the most difficult to decisions to make is whether this is the right time for you to buy. Making a careful assessment of your current situation can help you make that decision but the answer should also take the current economic circumstances if your community.

Here is a partial list of the things you’ll want to consider:

the amount you can afford to spend
renting versus owning
the size of the mortgage payment in relation to your budget
interest rate
mortgage options

Right now, you are probably starting to consider the broad array of mortgage solutions, payment options available and how they can be used in a way that matches your needs. Ratesheet.ca has put together information for home buyers that is designed to help you make the right decision for you.

The tools and information we have gathered are provided at no-cost to ensure that you are able to make a comfortable, well-reasoned decision. Our tools will help guide you through the steps to determine the best options. Get the best mortgage rate Canada.

Get the Best Mortgage Rates in Canada

Rateshet.ca provides best mortgages rates in Canada. Get the lowest mortgage rates in Canada. Whether you are in the market for a mortgage renewal, debt consolidation or other special needs loan, our mortgage rates are the best in Canada. By working with a variety of banks and brokers, even private funders, Ratesheet.ca is able to offer you simply the best in financial solutions and mortgage rates. At Ratesheet.ca we compare the mortgage rates for you to ensure that you get the best mortgage rate in Canada that is available to you.

Rate Types – Fixed vs Variable

As you look further into making your purchase decision, you’ll notice that there are some terms that are being thrown at you with which you may or may not be familiar. Typically, agents and brokers will use terms such as “fixed rate”, “variable rate”, and “protected (or capped) variable rate” to describe the types of interest rates available. As a potential buyer you should become familiar with these terms as making the rate choice can have a significant impact on your financial future. Included below are the basic definitions and explanations of each of these types.

Fixed Mortgage Rate
A fixed rate means that your interest rate remains the same (fixed) for the entire term (duration) of the loan. Generally, this means the percentage of interest will be a little higher since the lending institution may be losing money in the future if the interest rates rise. A fixed rate loan provides the buyer with the serenity of knowing the cost of their interest will stay the same over time. This means your payment and the amount that goes towards reducing the principal (original loan amount) will remain the same over time as well.

Variable Mortgage Rate

A variable rate means the percentage of interest that you are repaying will vary based on the changes in the interest rate(s) of the overall market. Typically, fluctuations in your interest rate will not alter your monthly payment, but will vary the amount of your monthly payment that goes towards reducing your principal (original loan amount). This means if overall interest rates go down you will actually be paying off your loan more quickly. On the other hand, if interest rates increase, you will be paying off your loan more slowly. Accepting a variable rate does involve a certain amount of risk but can work to the advantage of the buyer over time.

First Time Home Buyers

If you’re considering buying your own home for the first time – congratulations, you are embarking on one of the most satisfying experiences of your lifetime. There is nothing like walking through the doors of your own home and knowing that it is yours. Of course, there are many routes to getting to that point when the key in the lock is yours and navigating the choices can be extremely challenging. The first step though is to thoroughly weigh the pros and cons of owning your own home and deciding if being a home owner is the right choice for you.

You should start by asking yourself two essential questions.

The first question you need to ask is what can I afford to buy?
Owning your own home shouldn’t put a crimp in your current lifestyle, but, unfortunately, many first-time buyers find themselves “house-poor”. This means that they have nothing leftover in their budget to enjoy the good things. Everyone deserves to go out to dinner occasionally and if owning the home you want will mean you have to stay in every night eating beans and rice then you should either postpone your purchase or purchase a home in a lower price range. Remember, your first home doesn’t have to be the home you live in for the rest of your life, and you can make improvements to your home as your income increases. Ratesheet.ca has some helpful hints and tools available to you determine what price range makes the most sense for you.

The second question is what kind of home is the right one for you?
There is a broad range of options that reflect both personal style and financial resources. Homes that are newly constructed, for example, tend to incorporate more energy saving measures and, in addition, offer the opportunity to tailor the home to your preferences allowing the buyer to decide on things such as flooring, fixtures, trim, etc.

On the other hand, older homes are generally located in well-established neighborhoods and may be closer to schools, shopping and entertainment. In fact, the older the neighborhood, the easier it will be for you to find out about the schools, etc. because there is more history on which assessments can be made.

The decision to purchase your own home needs to incorporate your financial situation, but you’ll also need to take your lifestyle needs into account if you want to make a choice that will let you be happy in both the long and short run. Ratesheet .ca provides the best Canada Mortgage Rates. To find out Today’s Best Mortgage Rates please Compare Mortgage Rates.

Canada Mortgage Rates

Mortgage Rates Canada

Today's Best Mortgage Rates

Best Mortgage Rates Canada

RateSheet.ca Your source for the best mortgage rates in Canada

Get Personalized Mortgage Offers

Canada Mortgage Rates

Credit Score Rating Tool

Mortgage Calculator

featured broker

Privacy Policy

Changes & Updates

Information Collection and Usage

Cookies

Security

Disclaimers as to Disclosure

External Links

Buying a home

Credit score and rating

Mortgage & Rates

Refinance / Renewals

Best Mortgage Rates

Best Mortgage Rates

Bank Mortgage Rates

Mortgage Brokers

Best Mortgage Rates

Home Purchase Mortgage

Get the Best Mortgage Rates in Canada

Rate Types – Fixed vs Variable

Variable Mortgage Rate

First Time Home Buyers

Canada Mortgage Rates

Mortgage Rates Canada

Today's Best Mortgage Rates

Best Mortgage Rates Canada