What is an uninsured mortgage?
Any mortgage without default insurance; the lender carries the risk.
Today's best conventional bids
| Term | Rate | Lender type | Shelf / note | Payment on $400,000 |
|---|---|---|---|---|
| 5-year fixed | 4.04% | Credit union | uninsured | $2,113/mo |
| 3-year fixed | 4.19% | Monoline | uninsured | $2,145/mo |
| 5-year variable | 3.70% | Brokerage | prime − 0.75% | $2,046/mo |
Payments on a $400,000 mortgage, 25-year amortization, fixed rates compounded semi-annually. Prime 4.45% (Bank of Canada policy rate 2.25%), October 7, 2026.
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MBWritten by the MortgageBids.ca editorial team. Last updated October 7, 2026. General information only; your lender confirms terms for your file.
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