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| Closed Mortgage Rates - Five year variable
Rates updated February 3, 2012
Prime Rate 3.00% Qualifying Rate 5.29%
Next BOC Announcement March 8, 2012
| Financial Institution |
Term |
| Variable |
3 Year |
5 Year |
10 Year |
| CIBC |
3.10 |
4.05 |
5.14 |
6.75 |
| Bank of Montreal |
3.10 |
3.95 |
5.14 |
6.29 |
| Royal Bank |
3.10 |
3.95 |
5.14 |
6.75 |
| Scotiabank |
3.10 |
3.99 |
5.29 |
6.29 |
| TD Canada Trust |
3.10 |
3.95 |
5.14 |
6.75 |
| Mark's Rates |
2.90 |
2.89 |
3.29 |
3.99 |
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* - No frills or Quick close available - some restrictions apply
We have access to over 75 competing lenders!!
We can evaluate all of your mortgage options available in the market place. When we work on your behalf or your client's behalf, we will analyze the situation and then do the comparison shopping to find the right combination of mortgage features, options and rates. We will look after every detail of the mortgage search and resulting negotiations to get the best possible rate for the type of mortgage that suits every financial situation. The rates above are subject to change without notice and only valid OAC.
If you would like to find other lender rates, click here to view:
What is a Hybrid Mortgage?
A hybrid mortgage is a mortgage with multiple terms.
These terms may be part fixed and part variable, and/or part long-term and part short-term.
For example, a hybrid mortgage might be contain the following:
- 50% in a 5-year fixed rate
- 50% in a 5-year variable rate
As another example, a hybrid might contain:
- 20% in a 3-year fixed rate
- 30% in a 5-year variable rate
- 50% in a 1-year fixed rate
Call us to discuss your mortgage options today!
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Contact
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Mark Goode of Mortgage Architects
180 Memorial Avenue
Orillia, Ontario, Canada L3V 5X6
Phone:
(705) 326-8523
Toll Free:
(866) 326-8523
Fax:
(705) 326-8645
E-mail: Mark Goode |
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