Current Mortgage Rates are:
“A” Lending:
Fixed 4.89%* for insured
Fixed 5.59% for conventional
Variable 6.25% for insured
Variable 6.90% for uninsured
Rental 5.82% fixed
7.20% variable
Prime Rate 7.20%
Qualifying Rate Contract Rate + 2%
Next rate set by Bank of Canada is on June 5, 2024🤞
“B” Lending:
1 year – 6.84%
2 years – 6.54%
3 years – 6.39%
20% down payment required
Self-Employed – 12 months bank statements
40 years Amortization available at 70%LTV
“C” Lending:
Rate starts from 8.95% – fully open
Stated Income
“2nd Mortgage”
Rate starts from 11.99%