| Term | Bank Rate | Our Rate |
| 1 Year | 7.84 % | 6.74 % |
| 2 Year | 7.34 % | 6.09 % |
| 3 Year | 7.14 % | 4.79 % |
| 4 Year | 6.99 % | 4.99 % |
| 5 Year | 7.04 % | 4.74 % |
| 7 Year | 7.10 % | 5.59 % |
| 10 Year | 7.25 % | 5.84 % |
For years Americans have enjoyed the benefits of being able to deduct the interest paid on their residential mortgages and save on income tax. Some people may say that this benefit is partly why Americans have encountered so much housing trouble as this concept encourages you to keep a high mortgage balance…after all the interest
HELPFUL TIPS ON SPEEDING UP A MORTGAGE APPROVAL Find all your tax info for the last 2 years (just in case we need to use overtime income, part time income etc or if you’re self employed. Ensure your cheques (used for the pre-authorized withdrawals and account ownership confirmations) are pre printed and not blank
