Trusted Mortgage Broker in Calgary
We are in the business of getting you your
mortgages for less!
Looking for a local Calgary Mortgage Broker? Mortgages for Less is a team of mortgage brokers that has been recognized as a worldwide leader in customer service and excellence. If you aren’t using Mortgages for Less for your mortgage, you are paying too much.
If your bank isn't offering you this rate or better on your mortgage we can help you save money!
See All OUR Low RATESPreferred Mortgage Rates
As Calgary Mortgage Brokers, The Mortgages For Less team offers preferred mortgage rates from these lenders and more!
Check Out Our Awards and Media Recognitions
Here at Mortgages for Less we’ve been around the block a few times. Along the way we’ve been recognized for our WORLD CLASS Service, our dedication to the education of home buyers, and our services to the community. Our personalized approach to every customer gives us the one up on the competition.
Did your bank say no? That's what we specialize in.
Josh Tagg and the Mortgages for Less team specialize in the Calgary and Alberta mortgages a bank has declined or won't do well. We shop 30+ lenders, so one bank's no is rarely the final answer. If your bank turned you down, send us your file.
Apply So we can help you tooBehind on payments or facing foreclosure
A demand letter, months of arrears, or a redemption period running out. We move fast to stop the clock, often with a refinance or a short-term private bridge, so you keep the home.
Case study
Declined at renewal with foreclosure underway. A private bridge mortgage paid out the demand and protected $400,000+ in equity.
Bank declined your refinance
Failed the stress test, or carrying high-interest debt you want gone. We find the lender that says yes and roll it into one payment.
Case study
Their bank declined a $310,000 refinance on the stress test. A second bank approved it: $1,876 a month back in their pocket.
Separating and keeping the home
Buy out your ex's share and keep the house, without breaking your mortgage or paying a penalty you don't need to.
Case study
Kept the family home and bought out a $48,563 share by refinancing $356,000 at maturity, with no prepayment penalty.
Self-employed
Your income doesn't look like a pay stub. We know which lenders read business income properly, for a purchase or a refinance.
Case study
$100,571 of debt across nine accounts cleared, freeing up about $2,786 a month.
Bad credit, collections or CRA debt
Missed payments, collectors calling or a tax bill you can't clear. There are lenders for this, and a plan back to a regular mortgage.
Bad credit mortgages in Calgary → Private and second mortgages →
Case study
Bruised credit and collectors calling. A fully open private second mortgage cleared $74,000 of debt in one week.
First home, or new to Canada
No big down payment, a short credit history, or a work permit instead of PR. We walk you through it and find the lender that fits.
Case study
Credit counselling didn't shut them out: a first home just east of Calgary, insured at 4.19%.
Keep your home and buy the next one
Rent out the home you have and buy the next one with as little as 5% down. Lenders often count about 80% of the rent toward your qualifying.
Case study
Bought a $385,000 home with 5% down and rented the first one for $2,800 a month.
Read our Blog to stay up-to-date with Market Trends
Education is a big part of who we are. Stay up to date with the latest news and analysis.
The Bank of Canada Raised Rates to 2.50%. What It Costs You, and Is Variable Still Cheaper?
The Bank of Canada raised its rate to 2.50% on October 28, 2026. Prime is 4.70%. Variable payments rise about…
Is Alberta Still Affordable for First-Time Buyers? What the Insured Mortgage Data Shows
Alberta's average insured buyer paid about $485,000 on a $129,000 income. Homes cost 8% less than the national average, but…Why Calgary and Edmonton Are Canada’s Two Biggest Cities for First-Time Buyer Mortgages
At one Canadian mortgage insurer, Calgary and Edmonton rank #1 and #2 for insured high-ratio mortgages. Alberta: 12% of people,…
Testimonials about Mortgage For Less
5-Star Service = Happy Clients
Don't take our word for it. Here are some kind words from our most recent clients.
Apply onlineMortgages For Less Reviews
We’re very happy with the help we received throughout our mortgage process. Tamar was patient, supportive, and always kept us updated, even when…
Josh and Tamar were awesome. We bought our first house and they were very responsive with questions and quick with moving the paper work along.…
Awesome people, efficient, direct, no bla bla, straight to work. That team gets things done.
Tamar was amazing! She was incredibly efficient and responsive, but also so personable and easy to work with. She made the whole mortgage process…
This team is absolutely amazing! They will help you in every possible way to make sure you get your approval. We are beyond thankful for this team…
Tamar was an absolute powerhouse in securing the financing for our new build. She didn’t simply arrange a mortgage; she expertly navigated the…
Tamar, Jay, and Iris were very helpful and friendly to us in helping secure a mortgage to buy our first condo. Answering all our questions and…
Tamar was amazing! She guided me through the entire mortgage process and answered many questions I had as a first time home buyer, ensuring a…
5 years ago we trusted Josh with our largest purchase “our forever home” he was so helpful and helped us reduce our stress that we didn’t hesitate to…
Tamar is fantastic! Professional, smart, and gets the job done! We love our new home and none of this could’ve been possible without the mortgages…
Tamar and her team at Mortgages For Less are absolutely amazing! I recommend them to anybody and everybody. They turn the complicated and time…
⭐️⭐️⭐️⭐️⭐️ Excellent Service! I cannot recommend Tamar highly enough! We just secured the mortgage for our new home, and she truly went above and…
Tamar is amazing to work with,prompt,patience and knowledgeable.This is our second time working with her,easy to communicate just text or call…
Two mortgages with Mortgages for Less, two seamless, hassle-free experiences. Excellent services and prompt responses to questions, even the dumb…
Tamar Leis is hands-down the best mortgage broker out there! We did not have an easy file by any means, but Tamar was completely unfazed. She is…
Really good experience with the Mortages for Less Team. Tamar was very attentive to our needs.
Tamar was great to deal with. Efficiently got me everything I needed... And more. Thanks Tamar
I just wanted to say Mortgage for Less is an amazing group of individuals. From the start to finish Josh Tamar and Iris were there for me. The team…
Tamar was amazing with her help we were able to get the exact Mortgage we hoped for. Her experience , advice and response time is second to none .…
Josh provided me with good advice and did not waste my time.
Josh and Tamar are amazing! They both went above and beyond. After hours , before hours , weekends! They did not stop working hard in every aspect.…
Absolutely amazing service! Would recommend to anyone: friends, family and anyone else if you are looking for someone who truly has your best…
Best service you can expect. Everything is handled very seamlessly. I love that I don't have to think about the process. Josh handled our initial…
Josh and Tamar were nothing short of spectacular. They guided us throughout our entire journey of securing our mortgage until closing day. We were…
Josh and team helped we with me first home purchase and my mortgage renewal. I received awesome, flexible service and was provided with clear…
We worked with Josh through our process in buying a home. He always stayed in contact with us, even when we werent at the point of readiness in…
Didn’t end up getting a mortgage through him but Josh was incredibly helpful and provided objective advice.
Josh was absolutely outstanding to work with. He was honest, transparent, and incredibly straightforward about every option available to us. He…
Tamar was an invaluable help in my search for a new home. She was knowledgeable, approachable, and always quick to help. I appreciated her guidance…
Having dealt with Tamar and Josh from Mortgages for Less was amazing. They navigated all the processes and answered to all concerns as well as…
My husband and I love working with Tamar, she is always just a phone call or a text away. She goes above and beyond. We truly appreciate all the work…
Tamar is awesome to work with and this was the 4th house me and my wife have purchased and we have used Mortgages for less for everyone of them and…
Tamar is truly amazing and so patient. She helped us through the entire process (which was quite confusing to be honest). Highly recommend.
This was the second time we were working with Tamar and similar to what we experienced 4 years ago, she made the process effortless! She explained…
I recently used their service, Tamar was my broker and she did a great job. She solved all our doubts and gave us the best service.
I had an amazing experience working with Tamar from Mortgages for Less! She helped me find the best mortgage deal and guided me through every step of…
Tamar was super helpful throughout the process of helping us renew our mortgage. We changed mortgage providers, but Tamar made the process smooth.
Came to Josh looking for a private loan. Although the fees were higher he was able to pull it together in an hour. Amazing, honestly.
We are beyond grateful to Josh from Mortgage for Less! From day one, he guided us with professionalism, kindness, and great attention to detail…
If you're looking for a mortgage, but hate the thought of the process, and jumping through all the hoops then hire Mortgages for Less.! We worked…
Tamar is awesome to work with. She is prompt, and amazing at what she does. We have now worked with her on multiple transacations because she…
Tamar and team are fabulous. Knowledgeable, responsive, no pressure, clear communicators, deal finders!
Josh was super helpful to us when the bank was giving us the run around. He helped walk us through getting all the information he needed as we were…
Tamar was nice and walked me through the process of getting my own home gracefully. Appreciated
As a realtor, I’ve worked with many mortgage brokers, and Josh Tagg at Mortgages for Less in Alberta is truly top-tier. He’s fantastic with…
Tamar is just great! Highly recommended! We reached for the stars a little with the amount of mortgage requested and my partner and I had credit…
Working with Tamar has been an incredible experience. From start to finish, she was patient, professional, and always willing to go the extra mile to…
Tamar is phenomenal. I have moved away from the Calgary area but have continued to use her for several home purchases. It is always a seamless and…
About Us
Mortgages For Less if your friend Calgary Mortgage Broker. We’ve been in the business of helping people get their mortgages since 2006.
We’re A Passionate Calgary Mortgage Broker Helping People Buy Their Dream Homes
Our Team of Calgary Mortgage Brokers 100% about helping people. Our team has years of experience helpings others just like you. Check out our bio section to learn more about what makes us tick.
meet our teamOur Mission
We spend all day, every day helping people like you buy their dream home. Nothing gives us more pleasure than providing top notch, customized care to our clients. We want the right mortgage, the best service, and the best rate for all our clients.
The 4 Steps To Getting A Mortgage
We strive to make getting a mortgage as easy and pain free as possible. As a past client once told us, “that was as easy as getting a car loan!”
Application
Our online application will take approximately 5 minutes to complete. It is done online from the comfort of your home, or over the phone with an agent. Please try to complete it as accurately as possible, as this will help us place your loan with the best lender and at an excellent rate.
Processing
Your Mortgage Agent will then be in touch to review your application and discuss your specific needs. Once we have your documents we are off the races working our magic. Before getting you approved for your mortgage financing.
Acceptance
When your loan is approved, your Calgary Mortgage Broker will send you your approval and a list of required documents. The approval must be signed and returned along with any other required documents.
And Funding!
Once your loan is complete you will need to meet with your lawyer to finalize and register your loan. Get ready to enjoy your new home! Looking for a Red Deer mortgage broker? We work with clients there too.
What Types Of Mortgages Do We Specialize In
Mortgage Expertise From a Leader Calgary Mortgage Broker
We take on mortgages that others can’t. Our team of Calgary mortgage brokers knows how to handle any situation.
Have a question?Stop Foreclosure
Behind on payments, in arrears or holding a demand letter? We move fast to stop the clock and keep you in your home.
Refinance & Debt Consolidation
Bank declined your refinance? We roll high-interest debt into one payment, even when the stress test says no.
Separation & Spousal Buyout
Separating? Buy out your ex's share and keep the home without breaking your mortgage.
Self-Employed
Being self-employed is hard enough. Getting a mortgage shouldn’t be . We can find you the right mortgage.
Frequently Asked Questions
Why choose a Calgary Mortgage Broker?
Navigating the world of mortgages can be overwhelming. With a myriad of options and changing market conditions, you need an expert in your corner. As a trusted Calgary Mortgage Broker, we serve as your advocate and advisor, providing valuable insights and support that empower you to make informed decisions.
How much mortgage can I afford?
This is different for everyone and depends on your income, credit score, debt and how much you have for a down payment. This information is used to find your Gross Debt Service ratio (GDS) and your Total Debt Service ratio (TDS). A general rule of thumb is that you can borrow approximately four times your annual income, but this will vary based on many different factors. A mortgage broker can help you calculate what you qualify for based on current lending rules.
How much do I need for a down payment in Calgary?
In Canada, the minimum down payment is 5% for homes under $500,000. For homes priced between $500,000 and $1,500,000, you’ll need 5% of the first $500,000 and 10% of the remaining amount. For example, a $750,000 home would require a $50,000 minimum down payment. Homes over $1.5 million require a 20% down payment.
If your down payment is less than 20%, you will be required to purchase mortgage default insurance. This protects the lender in case you default and allows you to buy with a smaller down payment. The insurance is added to your mortgage and increases your payments.
What credit score do I need to qualify for a mortgage?
600+ is the minimum credit score required by the national regulator (OSFI) if you’re putting less than 20% down. Most lenders want to see that your credit is a little bit higher than the minimum, but even with a 620 credit score you may be eligible for the best rates on the market.
Lower credit is usable with some lenders, but they will likely ask for 20% down, offer a higher interest rate, or have stricter conditions.
Bad credit may be accepted by a B-lender with at least a 20% down payment. A mortgage broker can help you find ways to improve your credit.
What are the current mortgage rates in Calgary?
Mortgage rates change frequently and depend on the type of mortgage, your credit, and the lender. Our rates page will show you the best insured mortgage rates available.
Depending on the mortgage you are looking for, the rate you get might be a little higher. A broker can give you the most up-to-date rates from every lender and help you understand how they apply to your situation.
What’s the difference between fixed and variable rates?
A fixed rate stays the same for the full term of the mortgage (usually 5 years). A variable rate fluctuates at a specific discount from the prime rate for your term. Often the interest rate at the beginning of the term is better than a five-year fixed rate but this can change in either direction.
With most variable rates, your payment will change when the interest rate changes. Some lenders like TD Canada Trust or Royal Bank have steady payments on their variable rate, but this is viewed by the national regulator (OSFI) as an added risk.
What is a pre-approval and when should I get one?
A pre-approval typically takes less than 24 hours, gives you an estimate of how much you can borrow and locks in an interest rate for 120 days. It’s best if you get one right before you start house hunting so that you know what price range you should be looking at. The pre-approval doesn’t guarantee that the lender will give you a mortgage, but it strengthens your position when making an offer on a home.
If there is any concern about your credit or your pre-approval, it’s a good idea to do this early in the process. A pre-approval is good for as long as the situation remains stable. If your application improves or gets worse over time, that will impact the pre-approval. Doing an application early allows us to make sure we deal with any problems well in advance of you finding a home you love.
What are closing costs and how much are they?
These are legal fees and other other possible charges such as an inspection, appraisal, and other adjustments.
In Alberta there is no land transfer tax. If you budget $4000, that is likely enough to cover your closing costs.
In many other provinces, you may need to add a land transfer tax of 1.5% to 3% of your purchase price.
What happens if I need to break my mortgage?
If you need to end your mortgage early you may face a penalty. The cost depends on your lender and whether you have a fixed or variable rate. A broker can help you understand your options and minimize penalties if you need to refinance or sell.
Is it better to use a mortgage broker or go with my bank?
A mortgage broker’s whole job is to help you find the best mortgage available from a variety of lenders so that you don’t have to do the leg work. And you don’t even pay the fee – the lender does.
Your bank may be able to offer you a better rate than the broker can, but the broker may be able to find you an even better deal at a different lender.
Are there programs to help Calgarians buy a home?
There are several tools available in Canada to help homebuyers, such as: borrowing money from your RRSP, First Home Savings Accounts, First Time Home Buyers’ Tax Credit, GST new housing rebate, and 30 year mortgages.
Have A Question Or Two?
We have answers! Let us know your questions and we'll get back to you with expert advice.
Mortgage Application
- 2-minute form
- No credit check to start
- Bank-level encryption
- No obligation