Current Mortgage Rates and Lenders
You deserve the best mortgage. And to help you make the right decision, I am here. In the current mortgage rates sheet, you’ll find your options for variable or fixed mortgage rate with terms ranging from 6 months to 10 years. Plus, you may be able to get more discounts on these published rates. To know what lowest rate you are eligible for, fill this form or call (647) 568-5120.
Different banks offer different mortgage rates
Rates are not same for every bank. In fact, you may notice banks posting different mortgage rates for similar mortgage programs. To illustrate, TD bank may offer prime rate while Scotiabank might offer prime – 0.5%.
The reason for difference in rates is each bank has a different lending criteria. While some may be comfortable with a specific amount and others may not be down to take that risk. What most people don’t understand is which bank to go to and apply for mortgage. This is why you need to shop around and compare rates from multiple banks whenever you get a new mortgage, renew your mortgage, or refinance. But every time you do so, your credit takes a hit and if you apply more, banks flag you as a credit seeker.
Well, what should I do?
Answer is simple. Contact a Licenced Mortgage Professional. As Mortgage Agent, I have access to over 90 lenders and expertise in their programs and rates. Once I review a file, I know exactly which lenders would accept it. All I need to do is pull 1 credit report and I can send the file to as many lenders as I want. And when I approval, I can negotiate terms and rates to make you happy! All this at NO COST TO YOU! (Except in rare complications where my expertise and connections are required)
Bank mortgage rates are mostly higher than what mortgage agents and brokers have.