Money

Borrowing

Interest rates

Opinion

The new tech that could help get your mortgage approved

Nicole Pedersen-McKinnon Money contributor November 15, 2025 — 4.09am Advertisement

Have you clocked the unexpected thing that rate cuts accomplish? They unlock mortgage prison. While previously you might not have been able to refinance because you could not clear the 3-further-per-cent capacity hurdle to qualify, now you might.

And you should try. As I wrote last week , the average variable mortgage rate is charging 6.13 per cent, Mozo says. Meanwhile, the best – quality, comparable products with offset accounts – are way down at 5.2 per cent.

Getting approved for a home loan these days is no easy feat. Credit: Istock

Lenders offering deals at that level include Up, Tiime

See Full Page