Best Mortgage Rates
Best Mortgage Rates Ontario
Best Mortgage Rates – Mortgage Broker London Ontario
“When you use the Right Mortgage Broker, you get the Best Mortgage Rate”
Update: Best Five Year Fixed Mortgage Rate now at 2.54
As a Licensed Mortgage Broker I have access to the Best Mortgage Rates in Ontario. Available 24/7, Call or Text 519-860-2102.
While the Bank of Canada once again raised Mortgage Rates in July 2018, I continue to offer the Best Mortgage Rates to all of my clients.
Best Mortgage Rates
| Term | Posted Rate | My Rate |
|---|---|---|
| 1 Year Fixed Mortgage | 6.64 | 6.04 |
| 2 Year Fixed Mortgage | 6.64 | 5.74 |
| 3 Year Fixed Mortgage | 6.3 | 5.34 |
| 4 Year Fixed Mortgage | 6.24 | 5.24 |
| 5 Year Fixed Mortgage | 6.29 | 4.79 |
| 7 Year Fixed Mortgage | 6.6 | 5.84 |
| 10 Year Fixed Mortgage | 7 | 6.0 |
| Variable Rate Mortgage | Prime Minus 1.00 |
Listed below is a comparison of the Lowest Mortgage Rates in Ontario to which I have access.
Mortgage Brokers in the London Ontario and area region have access to much better mortgage rates than those offered by the big banks. The chart below averages the posted and discounted mortgage rates offered by TD, Scotiabank, RBC and CIBC. Their average rate is much lower than those lowest mortgage rates offered by the lenders with which I deal!
Best Mortgage Rates
As shown on the Interest Rate chart, by using a Mortgage Broker or a Mortgage Broker you can expect to save thousands of dollars on your next mortgage. With current mortgage rates on a five-year fixed mortgage term (which is the most common) you will save over $8,000 just for using a Mortgage Broker or a Mortgage Broker. Further, as banks do not generally like locking themselves into longer, 7 or 10 year fixed terms, as demonstrated by the Interest Rate Chart above, you can expect to save even more money.Contact Me below or Call or Text Mark Mitchell – 519-860-2102 for a personalized assessment of your needs and the rates available:
