Renewing Your Mortgage
You have received your mortgage renewal documents in the mail. Do you automatically sign them and send them back to your lender? Have you’ve received the “best” rate only to discover that the best rate may not meet your home financing goals and lifestyle? Your life has changed since you first moved into your home, as have the economy and your goals.
Renewal time is a perfect opportunity to revisit and re-evaluate your home financing goals.
Talk to a Mortgage Consultant about what your plans and goals will be in the next few years and how we can help you navigate your future.
Current Mortgage Rates
| Term | Rate |
| Prime Rate (P) | 6.70% |
| Closed Variable | P – 0.95% |
| Open Variable | P + 3.2% |
| 6 Month Closed | 7.29% |
| 1 Year Closed | 6.59% |
| 2 Year Closed | 5.89% |
| 3 Year Closed | 4.89% |
| 4 Year Closed | 4.84% |
| 5 Year Closed | 4.79% |
| 7 Year Closed | 5.70% |
| 10 Year Closed | 5.89% |
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As of July 25, 2024. Rates subject to change without notice, OAC, E&OE
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