Home Mortgage Rates

Term Rate
Prime 3.00%
Variable 2.30%
1 Year 2.54%
3 Year 2.90%
4 Year 3.79%
5 Year 3.69%
10 Year 5.35%

Qualifying Rate

Sept 7 5.39%

Current Inflation

July 1.8%

5 Year Bond Yield

Sept 7 2.08%

 

Special conditions apply
Mortgage Rates subject to change.

 

AM730 Mortgage Secrets Fall & Winter ads

Mortgage Renewal/ Transfer: So your mortgage is coming for renewal, now what do you do? Please don’t tell me you take the first offer your bank gives you! Unless you are dealing with a broker channel lender and sometimes even then, you will be paying a higher rate on the renewal then if you just called us. For the mortgage renewal or transfer process, the steps are relatively simple and could save you thousands by calling us. We can even cover your legal and appraisal costs which save you another $1,000. 



A Different Universe: If you are about to purchase your first home, call us today. Through simple explanation, you would be amazed with how easy this process really is. By setting up your mortgage properly from the start, we can show you how to knock at least 12 years off your mortgage. One phone call could save you thousands.



Refinancing : So you want to refinance but can’t afford the massive penalty even though the interest savings is worth it! We have the ability to add the penalty onto your mortgage and can now even have your legal and appraisal costs covered. Previously this was only available on switch transfers. Refinancing is simply a numbers game. Some times is works and some times it doesn’t. Give us all call today to see if it works for you.




HST : Looking to purchase a new property in 2010? I would seriously consider doing this before HST kicks in. Yes there is a small rebate system in place but you will still be throwing away thousands of dollars. Remember, you need all that money upfront before the rebate. Play it safe and purchase before HST kicks in. Check out the HST postings in the Vancouver News section (link on the home page) for the HST breakdown.




Rate Hold: Did you know that you can lock in a mortgage rate before shopping for your a home? As a mortgage broker we can lock in rates for 120 days which is double the length of a bank rate hold. We can also do what is called a 90 day look-back. This lets you shop all year and gives you the best rate 90 days prior to the subject removal stage.




Time to refinance?: Fixed rates have no where to go but up. With rates so low, it might be a good idea to cancel your term, pay a penalty and enjoy a brand new 5 year term with record low rates. Refinancing is simply a numbers game. Some times is works and some times it doesn’t.