Your lowest rate today is 2.49%
Select a product. Compare Quotes.
Company |
Rate |
Payment |
Term |
Get this Rate! |
|---|---|---|---|---|
|
2.65%
|
$1,138.68
|
1 Year
Fixed Closed |
Get this rate now!
|
|
Secure this rate now by calling 1-888-854-2503 and provide your quote reference no. or Don't have time right now? Request a call-back or Want to secure a rate online? Apply onlineCall centre hours: Monday to Friday 8:00 am to 8:00 pm EDT | Saturday 8:30 am to 4:00 pm EDT | Closed on holidays. |
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*No pre-approvals. |
2.49%
|
$1,118.67
|
2 Year
Fixed Closed |
Get this rate now!
|
|
Secure this rate now by calling 1-888-854-2503 and provide your quote reference no. or Don't have time right now? Request a call-back or Want to secure a rate online? Apply onlineCall centre hours: Monday to Friday 8:00 am to 8:00 pm EDT | Saturday 8:30 am to 4:00 pm EDT | Closed on holidays. |
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*Rate is 0.1% higher on pre-approvals. N/A for rentals. |
2.65%
|
$1,138.68
|
3 Year
Fixed Closed |
Get this rate now!
|
|
Secure this rate now by calling 1-888-854-2503 and provide your quote reference no. or Don't have time right now? Request a call-back or Want to secure a rate online? Apply onlineCall centre hours: Monday to Friday 8:00 am to 8:00 pm EDT | Saturday 8:30 am to 4:00 pm EDT | Closed on holidays. |
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*N/A for self-employed, pre-approvals or rentals. |
2.75%
|
$1,151.28
|
5 Year
Fixed Closed |
Get this rate now!
|
|
Secure this rate now by calling 1-888-854-2503 and provide your quote reference no. or Don't have time right now? Request a call-back or Want to secure a rate online? Apply onlineCall centre hours: Monday to Friday 8:00 am to 8:00 pm EDT | Saturday 8:30 am to 4:00 pm EDT | Closed on holidays. |
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*High ratio 60 day close. No pre-approvals. |
2.60%
|
$1,132.40
|
5 Year
Variable Closed |
Get this rate now!
|
|
Secure this rate now by calling 1-888-854-2503 and provide your quote reference no. or Don't have time right now? Request a call-back or Want to secure a rate online? Apply onlineCall centre hours: Monday to Friday 8:00 am to 8:00 pm EDT | Saturday 8:30 am to 4:00 pm EDT | Closed on holidays. |
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Purchase & Financing Details
| Purchase Price | |||
| Down Payment | |||
| Amortization Period | years | ||
| Interest Rate | % | ||
|
|||
| Each Payment | |
| Total Interest | |
| Loan Paid Off In | years |
| Total Saved | |
| 1 year fixed closed | 2.65% |
| 2 year fixed closed | 2.49% |
| 3 year fixed closed | 2.65% |
| 5 year fixed closed | 2.75% |
| 5 year variable closed | 2.60% |
Knowledge is power
Compare mortgage rates if you are shopping around for a new mortgage because you want to take out home equity you have built up by refinancing your mortgage.
If you want to tap into your home's equity and refinance your mortgage, compare mortgage rates today. Simply select your province of residence, click "Go" and answer a few simple questions to compare:
Not only are you able to compare the rates, but you also have the flexibility to secure them. This means that upon securing a given rate, it will be guaranteed for a certain period of time (up to 120 days) - the rate is guaranteed even if mortgage interest rates increase in the short term. If you decide to secure the rate simply fill out our quick online mortgage application and meet the terms and conditions specified by the mortgage brokers and lenders on our website
Home equity is the difference between the market value of your home and any unpaid debt registered against your property (including your mortgage). If the only debt registered against the house is your mortgage, your home's equity increases as you make mortgage payments.
Read more about home equity mortgages >>
There are many reasons why Canadians borrow against the equity they've built up in their home. For example some people:
To refinance your home mortgage loan means to pay off your current mortgage and replace it with a new mortgage. If you are refinancing your mortgage with a new lender in order to borrow money on your home's equity, your 'old' mortgage lender may require you to pay a penalty in order to opt out of your current mortgage loan obligations.
These penalties, in most cases, are one of three options:
Each lender calculates their penalties differently and you should ask your lender for a "payout summary" in advance to see if it makes financial sense to refinance your mortgage for home equity purposes.
Home equity loans are loans that use your home's equity as security and are often available at lower interest rates than personal loans or credit cards. The amount you are allowed to borrow is based on how much equity you have on your home, as per lender's discretion.
