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Mortgage needs are unique and vary based on the individual's requirements. Whether it is for Commercial, Residential, Renovations or Debt Consolidation, we can help you choose the option that works best for you.
There are two basic types of mortgages. An open mortgage allows you the flexibility to pay off some or the entire mortgage at any given time, without any penalties. On the other hand a closed mortgage will not allow that prepayment option but the interest rates are generally lower.
A variable rate mortgage allows the benefit of fixing your payments for up to two years, but the interest rate will fluctuate as the prime rate changes. Therefore what is being applied to the principal and interest will fluctuate accordingly.
A rate capped mortgage is a variable mortgage rate with a safety net. It established a maximum mortgage rate for a five-year term. Therefore if rates go up beyond that maximum, you are protected. If rates go down, your rate goes down just as it would with a variable mortgage.
You don't have to be shocked at the cost of bringing your dream to reality. We have all the tools and knowledge to help you get what you want at an affordable cost.
Our aim is to put a smile on your face and let you live the life you deserve.
This is just a short overview of the various options available. For more information, contact us through our easy online application or call 1-866-268-8889.
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