Rates
Enjoy the best rates on the market. As the area’s leading team of local mortgage experts, we shop a vast range of mortgage rates from 75+ lenders. Whether you’re looking to buy your first home, set up a rental property, or refinance your home, you can trust us to find you a low mortgage rate, with great mortgage conditions.
We work with major banks, credit unions and monoline lenders.
Fixed-Rate.
A fixed mortgage rate means that your interest rate will stay the same throughout your mortgage term. For security and stability, there’s no better option. Make sure you get the lowest fixed rate available by choosing us as your mortgage broker.
In Canada, fixed mortgages are by and large the most popular loan type among homebuyers. In essence, a fixed-rate mortgage is a straightforward loan payment plan where the interest rate is locked in place from beginning to end. Fixed rates ensure constant, steady payments, which is ideal for applicants with a strict or set income.
Variable-Rate.
The first thing to know about variable mortgages is how the loan payment plan is structured. Interest rates fluctuate up and down with the Canadian market, offering homebuyers the opportunity to save money over the lifespan of their loan.
However, a loan with a variable interest rate doesn’t necessarily mean your payments go up. Rather, it means the amount of time it takes to pay off the loan may increase. For instance, if your interest rate continually increases each year, more of your steady payment will go toward paying off interest instead of the principal balance of equity. As a result, it will take longer to pay off the cost of the home. Conversely, if interest rates decrease, more of your money will go towards equity and less towards interest. Consequently, you’ll pay off your loan sooner, and for less money.
The cost-saving potential of variable mortgages makes them an attractive loan type in Canada. Applicants should have enough financial security, however, to tolerate a potentially extended term length.
Adjustable-Rate Mortgage.
The first thing to know about variable mortgages is how the loan payment plan is structured. Interest rates fluctuate up and down with the Canadian market, offering homebuyers the opportunity to save money over the lifespan of their loan.
However, a loan with a variable interest rate doesn’t necessarily mean your payments go up. Rather, it means the amount of time it takes to pay off the loan may increase. For instance, if your interest rate continually increases each year, more of your steady payment will go toward paying off interest instead of the principal balance of equity. As a result, it will take longer to pay off the cost of the home. Conversely, if interest rates decrease, more of your money will go towards equity and less towards interest. Consequently, you’ll pay off your loan sooner, and for less money.
The cost-saving potential of variable mortgages makes them an attractive loan type in Canada. Applicants should have enough financial security, however, to tolerate a potentially extended term length.
Home Equity Line Rate.
Much like a credit card, a home line of credit is a revolving line of credit that you may borrow from when you like. As long as you make the minimum monthly payments, you may repay your principal at any time. Generally, you can enjoy lower home line rates than home equity loan interest rates.
Rental Property Rate.
Rental mortgage rates tend to be slightly higher than conventional rates, but Today's Mortgage Choice can help you bridge that gap. Plenty of property investors have come to depend on us to find them the best deals on the market, and now you can too. For the lowest rental rates available, look no further than our team.
Find The Lowest Mortgage Rates in Canada.
Working with a mortgage broker is the most viable option to secure a low-interest variable mortgage. We’ve spent years building our lender partnerships. Our mortgage advisors are adept at sourcing one-of-a-kind financial solutions that fit the needs, goals, and lifestyles of our clients.
With us, your mortgage rate, term length, and conditions will work in your favour. Save time and money. Book an appointment with us today.