With Mortgage Rates Ontario remaining historically low, it’s a great time to obtain a mortgage. Whether you are looking for best mortgage rates for First Time Home Buyers, Self Employed Mortgage, Debt Consolidation, Mortgage Renewal, Equity Take-out, New To Canada Mortgage and Renovation Mortgage. you not only want the best mortgage rate, but to ensure it is the best mortgage product for you. The best mortgage rate is a variable rate mortgage, but a variable rate, is variable, so it can go down, but it can also go up. A fixed rate is higher but borrowers feel more comfortable with the fixed rate as you are locked in to a term and should rates go up, you have the better rate over the term of your mortgage (depending on the term). Mortgage rates Ontario have fixed and variable mortgage rates with different terms, conditions and prepayment options.
Today’s market flooded numerous mortgage products so you need the help of a mortgage professional to make the right decision. If you are a first-time homebuyer or if this is your second time around, consulting a mortgage expert will prove extremely beneficial to find you a great mortgage product tailored just for you.