In the year 2002 the Canadian Prime lending rate hit all time lows. There has never been a better to time to take advantage of the Variable Rate Products offered by Canada’s Major Lenders.
Prime is currently:
4.00 %
As a Mortgage Broker, we have the ability to shop between over 40 major Canadian Lenders to find the best available Variable Rate Products. Here are today’s recommended products:
Variable Mortgage
Prime Less 0.70% for 5 years Canadian Bank Prime ( 4.00% ) less 0.70% for 5 years
Fixed monthly payments Lock into fixed rate at anytime without penalty fully discounted fixed rates guaranteed at Lock in
Variable Mortgage
Prime less 2.25% for 3 months + 1% cashback + Airmiles 2.25% for 3 months followed by Canadian Bank Prime ( 4.00% ) less 0.375% + 1% cashback+airmiles
Fixed monthly payments Lock into fixed rate at anytime without penalty Discounted rates guaranteed at lock in available for new mortgages,refinances and renewals
Variable Mortgage
Prime less 1.40% for 6 months Prime (4.00% ) less 1.40% for 6 months followed by prime less 0.40% for the balance of the term
5 year term Lock into a fixed rate at anytime without penalty. Guaranteed best rate at time of lock in.
With all of these products , you have the ability to lock into a fixed rate mortgage at anytime without penalty, also you will receive the best discounted rate available ( broker rates ) at time of lock in.
If you have any concerns or questions please include them in the application/comments section or email us directly.
Variable Rate vs Fixed Rate Analysis Are you undecided whether to get a fixed rate or variable rate mortgage? Fill out this form and we will provide you with a Variable vs Fixed Rate analysis free of charge.