Mortgage Advisor Niraj Thakor 647-298-9292 niraj.thakor@cibc.com
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OMLoan.ca Canadian Residential Mortgages
Informational Notice: OMLoan.ca provides general financial information, tools, and mortgage calculators for educational and estimation purposes only. OMLoan.ca is not a licensed mortgage broker or mortgage brokerage. Clients are encouraged to reach out to licensed mortgage agents if they wish to apply with any brokerage.
Canadian Residential Mortgage Tools

Mortgage Rates & Calculators for Your Next Decision

Explore payments, qualifications, mortgage renewals and home equity. Compare reference rates, then call or text Niraj directly for guidance.

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Fast Contact

Advisor Niraj Thakor

Get custom guidance on rates, cash back programs, and qualification logic.

Direct Cell Line
647-298-9292
Direct Email
niraj.thakor@cibc.com
Available for general inquiries & Canadian mortgage guidance.

Buy a Home

Estimate required down payments, CMHC default insurance premiums, and monthly payments under Canadian compounding rules.

Calculate Buying Power

Transfer / Renewal

Switch your existing mortgage balance at renewal to optimize interest rates without increasing principal loan amounts.

Explore Renewal Rates

Refinance Equity

Access accumulated home equity up to 80% Loan-to-Value (LTV) for debt consolidation or property improvements.

Calculate Equity Limit
Find your starting point

What would you like to accomplish?

Estimate payment, affordability, refinancing and renewal scenarios before you speak with an advisor. Choose a topic below for information tailored to the decision you're making.

Talk directly with Niraj ThakorA quick call or text is the easiest way to discuss your scenario. No lead form required.
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Interactive Calculators

Canadian Mortgage Tool Suite

Select a calculator tile to customize your scenario.

Mortgage Payment Parameters

Semi-Annual Compounding
$750,000
$75,000 (10%)
Min Legal Down Payment: $50,000 CMHC Premium Required
Estimated Payment
$3,980 /mo
Base Loan Amount: $675,000
CMHC Default Insurance Premium: $20,925
Total Mortgaged Amount: $695,925
Contact Niraj (647-298-9292)
Mortgage rate planning

Explore fixed and variable mortgage rates

The following exact reference figures are the figures previously provided by the website owner. They are not verified current CIBC rates, offers or rate holds. Rate eligibility depends on the lender, insurance status, property, loan amount and other conditions.

HELOC planning example: Prime + 1.00%

Using a 4.70% prime-rate reference, this equals 5.70% annually. Prime reference provided by the site owner on October 28, 2026; the margin is an illustration, not an approved HELOC offer. Confirm today's lender prime rate and charges.

Discuss HELOC options

Illustrative comparison figures supplied by the owner; not a quote, APR, guarantee or commitment. A lender's applicable rate, APR, fees, eligibility and loan terms must be confirmed prior to advertising these as available offers. The 4.70% prime reference was provided by the site owner on October 28, 2026; confirm the applicable lender’s current prime rate before relying on it.

Cash Back Information

Ask About Potential Cash Back on Eligible Mortgages

Whether you are purchasing a home, transferring an existing mortgage balance at renewal, or refinancing equity, cash back incentives can help offset closing costs and legal expenses.

  • Applicable for qualifying Canadian residential mortgage amounts.
  • Can be applied toward legal fees, appraisal costs, or moving expenses.
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Offers and incentives

Ask about currently available mortgage promotions

Ask about any available purchase, transfer or renewal promotions. Compare the effective cost of a cashback arrangement with the mortgage term, rate and fees.

No cashback amount is guaranteed or represented as currently available on this site. Written eligibility and lender terms govern.

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Official Housing Portals

Canadian Mortgage Resources

Access key regulatory and default insurance information directly from official government and institution sites.

Bank of Canada (BOC)

Official monetary policy announcements, benchmark rate decisions, economic statistics, and monetary reports.

Visit bankofcanada.ca

CMHC

Canada Mortgage and Housing Corporation guidance on default insurance, buyer programs, and housing research.

Visit cmhc-schl.gc.ca

Sagen Insurance

Private mortgage default insurance solutions, first-time buyer resources, and lender guidelines.

Visit sagen.ca

Canada Guaranty

100% Canadian-owned default mortgage insurance provider offering tailored underwriting options.

Visit canadaguaranty.ca
Canadian Living

Comfort & Homeownership Milestones

Achieving stability and equity through informed residential mortgage planning.

New house keys

First Key Turnover

Turn mortgage calculations into actionable purchasing power with clear down payment strategies.

Living room comfort

Comfort & Security

Structure monthly obligations to maintain financial balance and peace of mind.

Canadian suburban residence

Long-term Equity Growth

Build equity through structured amortizations to support future financial goals.

Client experiences

What mortgage clients say about Niraj

Five reviews of Niraj Thakor's mortgage advisory service, transcribed from Google review screenshots provided by the site owner. These are not reviews of this particular website.

S
Selvina RagawoodooGoogle review screenshot · 4 years ago
★★★★★
Thank you Niraj for your careful planning and good advices. All our requests for our mortgage renewal were taken care of . We really appreciate your attention to our financing. You were extremely patience and reliable. I will certainly recommend your service to anyone I know who needs a mortgage.
N
Nikum SitwalaGoogle review screenshot · a year ago
★★★★★
Prompt, efficient and precise execution as well as communication. Tremendous work ethic and dedication. Overall excellent and smooth experience throughout the application process.
S
Sarthak SharmaGoogle review screenshot · 4 years ago
★★★★★
Really great service . Niraj is super helpful and prompt. Highly recommended
S
Sukhvir BrarGoogle review screenshot · a year ago
★★★★★
Very Helpful, knowledgeable, fast acting.
C
Cecilia OlaGoogle review screenshot · a year ago
★★★★★
Niraj is a reliable and experienced mortgage broker. I am very satisfied with what I experienced when refinancing my mortgage. I'll not hesitate to introduce him to my friends and neighbors.

Review age descriptions reflect the supplied screenshots; comments are individual experiences, not guaranteed outcomes. View Google reviews ↗

Frequently asked questions

Clear answers before your next step

What is the mortgage stress test?

For applicable federally regulated uninsured mortgages, the qualifying rate is generally the greater of 5.25% and the contract rate plus 2 percentage points. Other rules and exemptions may apply.

How much income do I need for a mortgage?

Income needed depends on purchase price, down payment, property tax, heat, other debts, amortization and lender debt-service limits.

What is the difference between fixed and variable rates?

Fixed rates are generally established for the mortgage term; variable rates can change with the lender’s prime rate. Other payment features depend on the mortgage.

Can I refinance to consolidate debt?

Refinancing may be possible if your credit, income, property equity and lender criteria permit it. Consider fees, penalties and total interest costs.

How accurate are online mortgage calculators?

Calculators illustrate mathematical scenarios only. Actual approvals, insurance premiums, fees and repayment details are lender-specific.

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