|Bank Vs Broker||Northwood||Scotia Bank||BMO||RBC||CIBC||TD|
|1 Year Fixed||2.44%||3.290%||3.090%||3.25%||2.84%||3.04%|
|2 Year Fixed||2.09%||3.090%||3.190%||2.340%||2.79%||2.84%|
|3 Year Fixed||2.36%||3.390%||3.590%||3.69%||3.39%||2.36%|
|4 Year Fixed||2.49%||3.890%||4.090%||4.42%||4.09%||2.47%|
|5 Year Fixed||2.59%||4.640%||4.840%||2.640%||4.79%||4.64%|
|5 Year Variable||1.95%||2.90%||2.60%||2.720%||2.70%||2.34%|
Updated as of: 19/06/2017
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
For most people, their mortgage is the biggest loan they will ever take out. Read More
Debt can be discouraging for those who want to buy a home and apply for a mortgage. Read More
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Let’s start at the very beginning: what is a reverse mortgage? A reverse mortgage is also known as a home equity conversion. Read More