Our guide to True North Mortgage mortgages

James Rodriguez James Rodriguez updated on 2022-03-31

When it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?

There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"

Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at True North Mortgage mortgages and their current rates.

About True North Mortgage

True North Mortgage was founded in 2003, in Calgary Alberta. They operate as both a bank and brokers, passing along their volume discount to get your mortgage rates even lower. True North Mortgage has eleven store locations across Canada. True North Mortgage prides themselves on having the lowest rates around.

Our review of True North Mortgage

The True North Mortgage has a website which is easy to navigate. This creates a more simple experience when looking for a mortgage. Their volume discount means better rates on identical mortgages or premium products. And their expert brokers provide flexible options to save money, time and stress. They offer a variety of useful resources, such as calculators, digital tools and an education centre.

True North Mortgage mortgage pros and cons

Here are some of the advantages and disadvantages of True North Mortgage mortgages:

Why True North Mortgage might be right for you:

Knowledgeable mortgage brokers
Offer services both online and in retail stores

Why True North Mortgage might not be right for you:

As a relatively new lender, they don't have the long-standing reputation of major banks

To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!

Compare mortgage rates now

Get the best mortgage rates in just seconds

What types of mortgages does True North Mortgage offer?

Below is a table showing some details about the different mortgage plans True North Mortgage offers. Most providers will offer a variety of mortgage options.

Coverage Details
Mortgage types
  • First time home buyers
  • Next home purchase
  • Renewals and transfers
  • Refinancing
  • Purchase plus improvements
  • The no commitment mortgage
  • Vacation and second homes
  • Newcomers to Canada
  • Bad credit mortgage
  • Equity based mortgages
  • Reverse mortgages
Pre-approval online
Rate guarantee Up to 120 days
Lump sum pre-payment
Increase monthly payments
True North Mortgage mortgage details

What mortgage rates does True North Mortgage offer?

There are two main types of mortgage rates in Canada: fixed and variable rates.

Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.

Below are some of the mortgage rates True North Mortgage offers:

Rate Type

Term Length



1 year



2 years



3 years



4 years



5 years



5 year



No commitment


True North Mortgage's mortgage rates

Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.

Compare mortgage rates now

Get the best mortgage rates in just seconds

How do I contact True North Mortgage?

True North Mortgage has a virtual mortgage team to help you:

Call: Mon-Thurs: 8:00am - 8:00pm MST, Fridays: 8:00am - 5:30pm MST
Local: 1-877-867-8880
Toll Free: 1-877-867-8880
Fax: 1-877-867-8880

Our True North Mortgage mortgage calculator

Want to calculate what your True North Mortgage mortgage will look like? We have some tools right here on our website that can help:

Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.

Our mortgage affordability calculator will help you determine how large a mortgage you can get.

Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance