Mortgage Rates Effective March 1, 2010
| Mortgage Products |
Rate - Gold |
| 1 Year Closed |
5.99 |
| 2 Year Closed |
5.75 |
| 3 Year Closed |
3.47 |
| 5 Year Closed |
3.94 |
| 10 Year Closed |
6.89 |
| 3 Year Closed Cash Back 1% |
3.97 |
| 3 Year Closed Cash Back 2% |
4.47 |
| 5 Year Closed Cash Back 1% |
4.24 |
| 5 Year Closed Cash Back 2% |
4.54 |
| 5 Year BwB Rental Property Program |
3.94 |
| BwB No GDSR 5-Year Conventional |
3.94 |
| Specialty Products |
|
| Second Mortgages |
Based on the Qualifying Rate +0.80% |
| New to Canada |
Based on the Qualifying Rate +0.30% |
*Prime = 2.25%
Rates subject to change without notice
|
Closed Mortgage
A mortgage product that has a strict repayment schedule. Payment amounts are pre-set with optional limited lump sum payments and payment increases as detailed in the loan agreement.
Cash Back
Is an incentive offered by lenders that provides the borrower with 1 & 2 percent cash back upon the mortgage funding. The amount of the cash back is a percentage of the mortgage amount you are borrowing.
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