Mortgage bidding FAQ
What is a mortgage bidding platform?
You describe your mortgage once; verified lenders bid; you compare and choose.
Is it free?
Yes for homeowners.
Will getting bids affect my credit score?
No. A credit check happens only when you apply with the lender you choose.
Who bids?
Banks, credit unions, monoline and private lenders, MICs, funds and licensed brokerages, each approved before bidding.
How do I choose a bid?
Compare the full cost: rate, payment, penalty method, prepayment and fees. Our calculators help.
Is my information private?
Your name and contact details are shared only with the lender you choose. See our privacy policy.
How is MortgageBids.ca paid?
Lenders buy lead credits. See how we are paid.
Challenge your mortgage rate
Connect with verified lenders and brokers bidding on your mortgage. Free for homeowners, three short steps.