Mortgage Report Canada
News affecting Interest Rates and Mortgage Strategy in Canada
By Brent Richardson, Mortgage Broker and Certified Financial Planner (CFP)
By Brent Richardson, Mortgage Broker and Certified Financial Planner (CFP)
Variable rate with fine print flexibility. 20% annual prepayment. Penalty is 3 months’ interest to break if the house is sold. Mortgage can be refinanced during the term with the existing lender only, however after the term can be switched to a different lender. Rates depend on several qualification factors, including but not limited to credit, home value, mortgage type, mortgage size and closing date. Apply today for your absolute lowest rate.
Excellent, full feature mortgage at a Big Bank with lots of fine print flexibility. Get full 20% per year prepayment and portable to a different home. Standard penalties to break if you sold your home or refinance during the term. 24/7 online access. Inquire today for your best rate.
Excellent, full feature mortgage with lots of fine print flexibility. Get 20% per year prepayment and portable to a different home. Lower penalties to break if you sold your home or refinance during the term. Apply today for your lowest rate.
Excellent, full feature mortgage that provides a very flexible two-year term. For moving in 2 years to pay out the mortgage with NO penalty this is an excellent choice. Mortgage can also be renewed in two years without any legal fees to switch. 20% prepayment privilege. Fully portable to a different home. Lower penalty to break. Rates depend on several qualification factors, including but not limited to credit, home value, mortgage type, mortgage size and closing date. Rates may be calculated as an effective interest rate including a cash back component, equivalent to interest paid.Rates typically range from 6.09%- 6.99%. Apply for more info.
This is a full feature mortgage that contains excellent fine print, and the ability to renew the mortgage after 1 year at the lowest rates, or pay the mortgage out in full with NO penalty. Rates depend on several qualification factors, including but not limited to credit, home value, mortgage type, mortgage size and closing date. Rates may be calculated as an effective interest rate including a cash back component, equivalent to interest paid. Rates typically range from 6.39% – 7.19%. Non-collateral. Contact us for more.
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