Canadian Mortgage Advisor
8-8 Strathearn Avenue
Greater Toronto Area , ON , L6T 4L9 Canada

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Helping GTA Homeowners find a mortgage that is right for them
Call Us: 1-416-930-1225

What is the best mortgage rate now?

Why bother with multiple rates from multiple lenders? Why go through the hassle of comparing banks and brokers? All you need is peace of mind and only one destination to get a reliable rate.

The following table provides you with some simple rate information. Your case is always unique. So, the rate offered to you may be different.

Our Mortgage Rates:
Updated : June. 9th. 2014. Rates may change anytime without notice.

You may want to restate the rate question to – “what is the best rate I can get?” There is no way that I can tell you the best interest rate for a loan in general.

Let me explain – say that you went to your friend and ask for five bucks, after a day you returned him the money. Usually you pay no interest. So, that was a zero interest loan. That was a loan – based upon good faith. Now, let us assume that Mr. Broke is in bad shape, due to a traffic accident. He was looking for a loan to treat his daughter in a hospital. All banks have declined to lend him money. A friend of his friend finally agreed to lend him some money at 18% annual interest. You can see that interest rate may vary from 0% to 60% (Maximum limit according to section 347 of Canadian Criminal Code). What is the rate you may get depends upon a few factors like –

  • Do you have a stable job?
  • Location of the property?
  • What would be the Loan to Value ratio?
  • How is your relationship with the lender?
  • How much is your credit score
  • Length of your credit history
  • If you got a solid co borrower or co signatory
  • How Much do you make?
  • How much down payment
  • Fixed or variable rate mortgage

So, please let me know your situation to be able to best advice you for your needs. You do not have to pay for it.

Mortgage Interest rate

The chart above gives you an overall idea of how the rates are. But they can be very different based upon you needs and situations.

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About Us

Sudip Adhikari.
Agent License #M10001082
Broker Mortgage Diligent -
Head Office -1305 Matheson Blvd East, Mississauga, ON L4W 1R1
FSCO #10252 O.A.C , E&OE

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