|Term||Bank Rate||Our Rate|
|1 Year||3.14 %||1.59 %|
|2 Year||3.19 %||1.54 %|
|3 Year||3.49 %||1.54 %|
|4 Year||3.74 %||1.59 %|
|5 Year||4.59 %||1.58 %|
|7 Year||5.35 %||1.99 %|
|10 Year||5.60 %||2.14 %|
Equity financing is the granting of a mortgage based on the strong savings and credit history of an applicant.
The interest rates for equity financing are typically similar to interest rates for other types of mortgages.
For many applications, our lenders pay the costs (appraisal fees etc..) for you.
For some applications, you may have to pay these costs yourself.
Please talk to one of our Mortgage Planners for more details.