| Term | Bank Rate | Our Rate |
| 1 Year | 7.84 % | 6.69 % |
| 2 Year | 7.34 % | 6.29 % |
| 3 Year | 7.14 % | 5.54 % |
| 4 Year | 6.99 % | 5.49 % |
| 5 Year | 7.04 % | 5.39 % |
| 7 Year | 7.10 % | 5.90 % |
| 10 Year | 7.25 % | 6.30 % |
One of the most important things that we discuss with our clients prior to closing is how they want their payments to come out of their account for their mortgage payment. It’s always simple and easy when a client gets paid bi-weekly, however it’s a total different story when someone gets paid monthly or 1st
As discussed in today’s Province Newspaper More homebuyers turn to mortgage brokers in arranging their new mortgages. The percentage is up significantly, according the Deloitte report, especially with first-time home buyer and younger Canadian’s. I too find this, however even with repeat buyers I’m finding the need and want for “expert advice” is making home
This is likely a great time to debate this subject as more and more lenders and brokers are competing for the borrowers business. Everyone is offering some amazing rates on fixed 5 year mortgages, however some lenders are trying to offer slightly better deals, but are they really better? for example Is it more important
