Is your mortgage working as hard for you, as you are to pay it off?
Many Canadians review their mortgage options at time of purchase or when the mortgage term comes up for renewal. Often the only option that is really investigated is the available
interest rates.
Reviewing your mortgage on an annual basis allows you the opportunity to determine whether or not your current mortgage plan/program still fits within the context of your overall
financial plan. Life has a way of keeping us on our toes and constantly adapting to changing circumstances. What has changed in your life in the last year? What will be changing during
the term of your mortgage?
- Marital Status?
- Employment?
- Income?
- Credit usage?
- Children's Education?
- Insurance Needs?
Have your goals (both short term and long term) changed?
- Retirement Projection?
- New Property?
- New Vehicle?
- Payoff Mortgage Sooner?
- Reduce Debt Payments?
- Increase Monthly Cashflow?
- Vacation?
- Travel?
- Home Renovations?
The right mortgage will empower you and provide flexibility and options in reaching your financial goals. Our Mortgage Consultants will tailor each mortgage to their client's needs and
financial objectives. The right mortgage plan will assess the following attributes:
- Term
- Amortization
- Prepayment Privileges
- Closed vs. Open
- Interest Rate
- Renewal Options
- Qualifying Criteria
- Laddering
- Downpayment Requirements
- Mortgage Insurance
Please contact one of our Mortgage Consultants to assist you in reviewing and/or preparing your mortgage plan.
|
| Term |
Rate |
| Prime Rate (P) |
3.00% |
| Closed Variable |
P-.25% |
| Open Variable |
P + .80% |
| 6 Month Closed |
4.45% |
| 1 Year Closed |
2.99% |
| 2 Year Closed |
3.09% |
| 3 Year Closed |
3.19% |
| 4 Year Closed |
3.25% |
| 5 Year Closed |
3.19% |
| 7 Year Closed |
3.99% |
| 10 Year Closed |
3.99% |
as of May 18, 2012
rates subject to change
without notice, OAC, E&OE |
|
