|Bank Vs Broker||Northwood||Scotia Bank||BMO||RBC||CIBC||TD|
|1 Year Fixed||2.99%||3.490%||3.250%||3.25%||3.09%||3.04%|
|2 Year Fixed||2.79%||3.190%||3.290%||3.140%||3.04%||3.04%|
|3 Year Fixed||2.84%||3.640%||3.790%||3.69%||3.54%||3.14%|
|4 Year Fixed||3.09%||3.990%||4.240%||4.42%||4.19%||3.24%|
|5 Year Fixed||3.19%||4.940%||4.840%||3.510%||4.89%||4.94%|
|5 Year Variable||2.25%||3.40%||3.10%||3.2%||3.20%||2.75%|
Updated as of: 16/10/2017
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.
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