ALL RATES OF ALL PROVIDERS
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Down payment
%
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Mortgage Amount
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Mortgage Amount
In case of a new purchase the Mortgage Amount is the funds advanced to the borrower minus the down payment plus the mortgage insurance if applicable. While Renewal and Refinance amount only represent the outstanding balance of your current mortgage.
Rate Type
Type
There are two types of mortgages, variable and fixed with the term length between 6 months to 10 years. The variable rate will fluctuate with the prime rate while fixed rate stays the same for the length of the term. Open mortgage has an advantage of being paid out at any time without penalty but in most cases has higher rate. Cash back mortgage gives you ability to borrow extra funds from the lender when buying a home. Depending of the circumstances the fixed rate is usually a preferred option.
Term
Term
Mortgage Term is the length of time the borrower has the contractual obligations to the lender (i.e. rate, rules, policies, etc.). The term fluctuates anywhere between 6 month and 10 years but most common one is usually 5 years.
Amortization:
Payment Frequency:
Occupancy:
Pre-approval:
Location

The rates are subject to change without notice. Not all applicants are eligible for the rates shown. Rate you receive may be different, depending upon your personal financial situation. Posted rates may be high ratio and/or quick close which can differ from conventional rates. Certain conditions and restrictions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E.