|Bank Vs Broker||Northwood||Scotia Bank||BMO||RBC||CIBC||TD|
|1 Year Fixed||3.14%||3.440%||3.640%||3.25%||3.29%||3.59%|
|2 Year Fixed||2.84%||3.540%||3.890%||2.990%||3.04%||3.74%|
|3 Year Fixed||2.79%||4.190%||4.290%||3.69%||3.94%||3.09%|
|4 Year Fixed||2.84%||4.390%||4.640%||4.42%||4.49%||3.94%|
|5 Year Fixed||2.79%||4.990%||5.040%||3.340%||5.19%||3.24%|
|5 year variable insured||2.45%||3.050%||2.950%||2.450%||2.45%||2.65%|
Updated as of: 06/04/2020
Canada’s mortgage website
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).
We All Need a Mortgage
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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