Personal banking and home shopping are done primarily online, so why not also take the home financing process digital as well? That’s where Pine comes in. Founded in Toronto, Pine’s mission is to simplify the mortgage process for Canadians. You can fill out a mortgage application on their website for free and get pre-approved within 24-hours. It’s quick and straightforward.
Pine also claims that they will get you the lowest mortgage rates available. And just because it’s all done online, doesn’t mean you won’t have help. Pine matches you with an experienced advisor after you submit your application.
Pine features
Here is a list of Pine’s core features.
Why You Want It
Apply entirely online + Get some of the lowest advertised mortgage rates.
Special Features
- Some of the lowest advertised mortgage rates in Canada
- Earn $500 for you and a friend with client referral program
- Offers mortgage programs for those with poor credit
- Get a personal mortgage advisor who works on salary instead of commission
Provinces
AB, BC, MB, NB, NL, NS, ON, PE, SK
Features
# Of Lenders
See Issuer for Details
Pre-approval
Instant Quotes
New Mortgage
Refinance
Switch Lenders
Personal Support
Online Support
Phone Support
Text Support
Fees?
None
Pine product rating: 0.7 stars
Pine is a practical option for those of us who prefer to do our business online and at our own pace. They reinvent a complicated process and make it easy to understand. Pine has competitive rates, they don’t charge you any hidden fees, and they offer pre-approval within 24-hours. You can apply as a first-time buyer or if you’re hoping to refinance your mortgage or switch lenders. Support is available throughout the process.
The biggest downside to Pine is that they’re not available in the territories or Quebec. If Pine delivers ease of use in the mortgage market, hopefully they will expand to the entirety of Canada quickly.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of Pine
Here are some of Pine’s standout features.
Pros
Pine’s mortgage rates are currently lower than big banks
Because of their streamlined business model, Pine is currently able to offer you lower rates compared to other big banks and brokers. For example, the rate for a 5-year fixed rate mortgage is 4.29% at the time of writing. Rates are available as soon as you apply. They also don’t charge you any fees for applying.
Pine provides an easy online application process
Pine’s mortgage process is designed to be simple and stress-free. You’ll start by answering some questions about your needs and then you’re funnelled into a step-by-step application form. The application is convenient because you can fill it out from anywhere, and the form takes less than 10 minutes to complete.
You can talk to real people about your Pine application and mortgage
Pine has phone and email support available on their website. If you want to ask questions during the process, you can reach out to them via their contact page. Or you can submit your application and Pine will match you with a friendly advisor. This expert will be your main contact from then on.
The cons of Pine
Here are some downsides to using Pine for your mortgage.
Cons
Pine is only available in certain provinces
Pine is currently only available in Ontario, BC, and Alberta, but plans to expand Canada-wide soon. Other mortgage brokers such as Homewise, Breezeful, and nesto are already in most provinces, so hopefully Pine won’t be too long to follow.
No in-person home advisor
While a digital-first mortgage broker is revolutionary in many ways, you might still prefer to handle your home purchase in-person at a bank or broker. Pine does offer customer support over the phone and email, but speaking to an advisor face-to-face might give you that extra peace of mind if you’re new to the home financing process.
Your mortgage calculator
Break down the payments for your term using our easy-to-use mortgage calculator.
Mortgage Information
Pine alternatives
See how Pine mortgages compare to other mortgage brokers in Canada.
 |  |  | |
|---|---|---|---|
| Account | Pine | Breezeful Mortgages | Homewise |
| Genius Rating | |||
| Why You Want It | Apply entirely online + Get some of the lowest advertised mortgage rates. | Compare offers from 100+ lenders + Work with a dedicated mortgage expert. |  $250 GeniusCash + Get the best mortgage rate with your personal advisor + Easily close online. |
| # Of Lenders | See Issuer for Details | 100+ | 30+ |
| Pre-approval | | | |
| Instant Quotes | | | |
| New Mortgage | | | |
| Refinance | | | |
Show More | |||
| See rates & details See more Pine products Compare | Learn More See more Breezeful products Compare | I Want This Deal See more Homewise products Compare |
FAQ
What are Pine mortgage rates?
Pine claims to have the best mortgage rates. For both fixed and variable rates, this hovers around the 4 to 6% range, at the time of publishing, depending on your loan-to-value ratio.
What is Pine mortgage company?
Pine is a Toronto-based home financing brokerage that creates a fully digital mortgage experience. They have a fee-free model and aim to cut down on the confusing and lengthy traditional mortgage process. Using an online application and digital advisors, Pine is hassle-free, quick, and offers support for any questions.
Does a Pine mortgage have pre-approval?
Pine says it offers pre-approvals faster than traditional banks, and it usually comes within 24-hours.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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