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Explore Mortgage Quotes with Homewise

Homewise is an online-only mortgage broker that matches Canadians with rates and loan products from its 30 lender partners.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Homewise Mortgage at a glance

Homewise is a fully licensed, online mortgage brokerage based in Ontario, Canada, that partners with over 30 Canadian banks and lenders.

    • Provides direct mortgage services in 8 provinces, and co-brokers with partners to serve customers elsewhere in Canada.
    • Offers a typical selection of mortgage types, including renewal and refinance, and mortgages for self-employed folks and commercial properties.
    • Claims to offer online pre-approval within 72 hours of a completed application.

    The Homewise website doesn’t have much information about the variety of loan types that may be available from its partner lenders. However, it does mention:

    • Fixed and variable-rate mortgages.
    • Refinance mortgages.
    • Reverse mortgages.
    • Mortgage renewals.
    • Mortgages for the self-employed.
    • Mortgages for commercial properties.


    • Convenient, because you can get access to rates and offers from 30 lenders across Canada.
    • Offers online pre-approval.
    • Will work with self-employed borrowers.


    • Does not publish mortgage rates on its website.
    • Offers very limited information about the types of mortgages offered by partner lenders.
    • Isn’t available in all provinces and territories.

    Homewise mortgage review

    Homewise is a fully licensed, online mortgage brokerage based in Ontario, Canada. Founded in 2018, Homewise helps Canadian mortgage shoppers browse and compare the best mortgage rates from a broad range of banks and lenders.

    Homewise says that it partners with over 30 Canadian banks and mortgage lenders, including some B lenders, negotiating with them on behalf of consumers to offer the most competitive rates possible.

    Who is Homewise best for?

    Homewise may be a good choice for any home buyers or refinancers who prefer working with a broker who will negotiate on their behalf and are comfortable with a virtual application process.

    Homewise doesn’t have physical branch locations and there isn’t much information about its loans and lenders available online. This is because Homewise wants you to submit information about your mortgage needs so it can connect you directly with a broker who will facilitate the process.

    Homewise mortgage feature overview

    Mortgage variety

    Homewise appears to offer a typical mix of mortgage products, but its website does not provide a clear list of all loan types available.

    The company says it works with lenders that offer fixed- and variable-rate mortgages, mortgages for first-time home buyers and self-employed borrowers, mortgages for commercial properties, and renewal and refinance mortgages.

    Ease of application

    Homewise specializes in providing a digital mortgage application process. Users start their pre-approval or mortgage application process by tapping the “Get your mortgage” button and answering a series of questions

    Mortgage rate transparency

    Homewise does not appear to publish any current mortgage rates on its website. Instead, it encourages mortgage shoppers to submit an application if they want to see what rates are available from Homewise partners.

    Other details

    Because the Homewise website lacks specific details about mortgage rates and loan types, its hard to know exactly what options you’ll have when it comes to prepayment penalties, rate holds, range of terms, mortgage portability, and mortgage assumability. It’s probably best to start and application, or contact a Homewise broker directly, if you have questions about these or other specifics.

    Customer satisfaction ratings

    It’s difficult to gauge how satisfied Canadians are with Homewise as a mortgage provider. Customer review websites can be helpful, but keep in mind that the reviews aren’t verified and may not accurately reflect the average option of Homewise customers; for example, unhappy customers may be overrepresented or their experience may not be mortgage-related. Nevertheless, these sites are one way to learn about possible downsides to consider.  

    Homewise mortgage eligibility requirements

    To qualify for a prime mortgage with Homewise, as with any lender or brokerage, you’ll need to meet certain eligibility requirements. These include:

    How to apply for a mortgage with Homewise

    You can apply for mortgage pre-approval and start a full mortgage application on Homewise’s website. Both forms have around 10 questions to answer, and you may be required to provide supporting documentation.

    If you prefer, you can start the process by calling Homewise directly at 1 (866) 846-9473.

    Homewise’s website is rife with opportunities to start the mortgage application process. Just click any of the many blue buttons that say “Get Started Now” or “Get your mortgage.”

    After clicking one of the blue buttons, you’ll see this screen, which is the beginning of Homewise’s application flow.

    The application will lead you through a series of questions. Among other things, the application asks:

    • Where you are in your home buying or refinancing journey.
    • How soon you’re looking to purchase a house or refinance your existing mortgage.
    • The province and city in which you’re looking to buy.
    • Your budget and down payment.
    • How you’ll use the home.
    • The type of house you hope to buy.

    The information you provide will be used to connect you with a mortgage expert, as well as loan and rate options from Homewise’s partner lenders.

    Alternatives to Homewise mortgage

    RBC MortgageTrue North MortgageButler Mortgage
    Lender typeBig Bank lenderMortgage BrokerageMortgage Brokerage
    Service areaNationalNationalNational
    In-person service?YesYesYes
    Ease of applicationEasy (online, phone, in-person)Easy (online, phone, in-person)Moderately easy (start online, via phone, or by fax)
    Mortgage varietyAverageAbove averageAverage

    Frequently asked questions about Homewise mortgage

    Where do Homewise mortgage rates come from?

    The rates and loan options you’ll see during the application process are provided to Homewise by its lender partners across Canada. Note that at this time, Homewise does not provide mortgage rate options in Quebec.

    How long has Homewise been in business?

    Founded in 2018, Homewise is a fully licensed, online mortgage brokerage based in Ontario, Canada.

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