| Term | Bank Rate | Our Rate |
| 1 Year | 3.14 % | 1.64 % |
| 2 Year | 3.19 % | 1.54 % |
| 3 Year | 3.49 % | 1.54 % |
| 4 Year | 3.74 % | 1.79 % |
| 5 Year | 4.59 % | 1.88 % |
| 7 Year | 5.35 % | 2.44 % |
| 10 Year | 5.60 % | 2.89 % |
TRANSCRIPTION OF VIDEO BLOG: Hi, everyone. Rowan Smith from City Wide Mortgage Services. My last video went out, and near the end of the video I made some mention about penalties and banks paying other penalties. I want this video to be short, sweet, and very to the point. The question that I’m answering is,
Transcript of Video Blog: Hi, everybody. It’s Rowan Smith with the Mortgage Centre. I want to talk today about interest rate differential penalties, mortgage penalties, and non banks. The reason I’m bringing this up is a lot of people have said to me, “Rowan, how come you don’t fund more mortgages with TD Bank or
Transcript of Video Blog: Hi, everybody. Rowan Smith with the Mortgage Centre. Today’s topic is going to be interest rate differential penalties and payout penalties. Now most mortgages in Canada, when you pay them out and break the term, there’s going to be a penalty. If you’re in a variable-rate mortgage, chances are it’s only
