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Variable Rate Mortgages

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
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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 variable variable
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.
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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.
Variable Rate vs Fixed Rate Analysis
Title
First Name
Last Name
Address
City
Province
Postal Code
Email
Home Phone (xxx-xxx-xxxx)
Current Lender (if applicable)
Mortgage Amount
Renewal Date (mm/dd/yyyy)
rates
1 Year Closed 3.50%
2 Year Closed 3.90%
3 Year Closed 4.20%
4 Year Closed 4.45%
5 Year Closed 4.75%
7 Year Closed 5.25%
10 Year Closed 5.60%
15 Year Closed 6.08%
Prime 4.00%

Last Updated: 06-Apr-04
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Let us track your Mortgage Renewal and start shopping for the best Mortgage Rates 120 days before your mortgage is due.
analysis
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.
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