FEBRUARY 2020
Mortgage rates have moved up over the holidays but we still have some lenders offering great rates!

 

HIGH RATIO RATES
UNDER 1M PURCHASE PRICE
LESS THAN 20% DOWN
QUALIFIED WITH BENCHMARK RATE OF 5.19% or STRESS TEST (CONTRACT +2.00%)
MAX AMORTIZATION 25 YRS
CLIENT PAYS CMHC INSURANCE
PRE-APPROVALS ARE PERMITTED
TERM
RATE
PMT/100k
1 YR
3.44%
$496.11
2 YR
3.14%
$480.46
3 YR
3.09%
$477.88
4 YR
3.14%
$480.46
5 YR
2.89%
$467.62
VARIABLE
2.95%
$471.61
SPECIAL RATES
5 YR 
2.79%
$462.54
   
 
 
 
 
INSURABLE
UNDER 1M PURCHASE PRICE
UP TO 65% MORTGAGE
QUALIFIED WITH BENCHMARK RATE OF 5.19% or STRESS TEST (CONTRACT +2.00%)
MAX AMORTIZATION 25 YRS
LENDER PAYS CMHC INSURANCE
NO PRE-APPROVALS FOR INSURABLE MORTGAGES
TERM
RATE
PMT/100k
5 YR
2.89%
$467.62
VARIABLE
2.95%
$471.61
SPECIAL RATES
5 YR 
2.89%
$467.62
 
 
 
 
 
 
CONVENTIONAL 
NO LIMIT ON PURCHASE PRICE
QUALIFIED WITH BENCHMARK RATE OF 5.19% or STRESS TEST (CONTRACT +2.00%)
CAN DO 30 YR AMORTIZATION
NO CMHC INSURANCE REQUIRED
PRE-APPROVALS ARE PERMITTED
TERM
RATE
PMT/100k
1 YR
3.44%
$496.11
2 YR
3.14%
$480.46
3 YR
3.09%
$477.88
4 YR
3.14%
$480.46
5 YR
3.19%
$483.05
VARIABLE
3.15%
$482.05
SPECIAL RATES
5 YR 
3.09%
$477.88
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