Affordable, accessible mortgage loans

GET A LOAN QUOTE

Get a loan up to $400,000 with affordable payments and rates from 12.99%

Put your home to work for you 

Leverage the equity in your home to maximize your borrowing power. Whether it’s getting a first or second mortgage, or refinancing your existing mortgage, Fairstone is here for you.

First mortgage refinancing UP TO $400K

Refinance your first mortgage

Your first mortgage helped you buy your home, and refinancing can help you meet new goals, like debt consolidation, home improvements, or the flexibility of available cash. Using home equity, a first mortgage refinancing loan from Fairstone allows you to access the money you need and comes with affordable fixed payments, amortization periods up to 25 years and our lowest interest rates.

APPLY FOR A LOAN ONLINE

At a glance

Loan amount
Up to $400,000
Maximum Loan-to-Value (LTV)
90%
Rates from
12.99%*
Amortization period
Up to 25 years
Term
1–5 years
Secured
Yes
Payments
Fixed
Fees
Vary by province
Prepayment
Fees apply
Time to process
2+ days

What to consider with a first mortgage refinancing loan 

Maximum LTV

Your loan amount is determined by your “Loan to Value” (LTV) ratio, which is the amount of the equity you have in your home. Our maximum LTV on mortgage refinancing is 90%.

The mortgage loan that suits you

We’ll always work with you to find a mortgage solution that suits your life. We take into account your credit history, ability to pay, home value and more.

Time to process 

Most mortgages take 2–3 days to process. Read ahead about how to apply and what happens next.

Fees and penalties 

Fees vary by province, and may include an appraisal fee, title examination, insurance, administration and other applicable fees.

Second mortgage loan UP TO $125K

Reset your finances with a second mortgage loan

Using your home equity, a second mortgage loan can help you consolidate debt, cover home improvements and set yourself up to achieve your goals. Plus, second mortgage loans come with affordable fixed payments, amortization periods up to 20 years and some of our lowest rates.

APPLY NOW

At a glance

Loan amount
Up to $125,000
Maximum Loan-to-Value (LTV)
80%
Rates from
15.85%
Amortization period
Up to 20 years
Term
1–5 years
Secured
Yes
Payments
Fixed
Fees
Fixed
Prepayment
Fees apply
Time to process
2+ days

What to consider with a second mortgage loan 

Maximum LTV

Your loan amount is determined by your “Loan to Value” (LTV) ratio, which is the amount of equity in your home. Our maximum LTV on second mortgage loans is 80%.

The mortgage loan that suits you

We’ll always work with you to find a mortgage solution that suits your life. We take into account your credit history, ability to pay, home value and more.

Time to process 

Most mortgages take 2–3 days to process. Read ahead about how to apply and what happens next.

Fees and penalties 

Fees vary by province, and may include an appraisal fee, title examination, insurance, administration and other applicable fees.

*Interest rates may vary by province.

In Ontario, Fairstone Financial Inc. is licensed as mortgage brokerage 10821.

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Diane's Story

Diane and her husband Steve had worked hard for decades and are now enjoying retired life. Diane wanted to help her husband buy a camping trailer so they could spend more time on the road travelling Canada, but a personal loan wasn’t enough to fund the purchase. Working with a Fairstone Lending Specialist, Diane determined that refinancing their first mortgage would provide the money they needed — and at a lower interest rate than a personal loan. Diane was pleased she could use the equity in her home to meet her goals and couldn’t wait to share the good news with her husband.

This story is based on a typical customer situation.

Loan Amount
$300,000
Interest Rate
12.99%
Paid back in
18 years

Why Canadians choose secured mortgage loans with Fairstone

  1. One-on-one service from a knowledgeable Lending Specialist at your local branch.
  2. Our lowest fixed rates and manageable monthly payments for the life of your loan.
  3. Flexible payment options that work for you.

     

Put your home to work for you with a mortgage loan

APPLY FOR A LOAN 

Protect yourself from the unexpected

These valuable benefits can give you peace of mind should the unforeseen occur.

Job Loss Insurance 

Have your loan payments
covered if you're involuntarily
unemployed.

Disability Insurance

If you experience disability and can't work, your loan payments could be taken care of.*

Life Insurance

Protect your family or estate in the future and have your loan paid off in the event of your death.*

Home and Auto Security Plan

Offering home and family benefits, roadside assistance, legal services and more. LEARN MORE

*Coverage varies and is subject to the terms and conditions of the insurance policy and applicable law.

Insurance solutions provided by American Health and Life Insurance Company or Triton Insurance Company. Home & Auto Security plans are administered by Home and Auto Security Plan, Inc.

TALK TO YOUR LENDING SPECIALIST TO LEARN MORE

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