This does not apply to Home-Only (Chattel) Loans. Purchase for VA Loan Type, all others Refinance. Lending services may not be available in all areas. For that reason, your APR is usually higher than your interest rate. The APR reflects the interest rate, any points, and other charges that you pay to get the loan. An annual percentage rate (APR) is a broader measure of the cost of borrowing money than the interest rate. An interest rate is only confirmed with a written rate lock confirmation. Interest rates displayed on our website(s) outside of the Lock Desk Hours reflect the rates that were available at the close of the previous Lock Desk Hours. Our rates are subject to change at any time without notice. But each point will cost 1 percent of your mortgage balance. eLEND's Rate Lock Desk is open Monday to Friday between the hours of 10am and 5pm ET, company holidays excluded (the “Lock Desk Hours”). Buying mortgage points when you close can reduce the interest rate, which in turn reduces the monthly payment. *Interest rates and programs are offered exclusively through eLEND. For more information, please visit Some products may not be available in all states. We're here for you online, over the phone, or at one of our convenient store locations - anywhere you are in Canada.Trade / Service marks are the property of American Financial Resources, Inc. Our highly-trained True North Mortgage brokers take pride in providing unbeatable service, now with over 14,000 5-star reviews, the most in the industry (it's actually not even close). Mortgages are all we do, and we're pretty good at it. Amortization is first set to 25 years (by far the most common).Ĭome for our better rates, fall in love with our better service.Already have a mortgage? Choose the term for your remaining time to see how much you might save if you switch now (pre-payment penalties may apply), or would have saved (talk to us at renewal time!). Mortgage Term is first set to 5 Year Fixed, the term and rate-type that many clients prefer to lock in at (given the current historically-low rates).Mortgage Size defaults to the average price of a home in Canada. the benefits of making higher repayments instead of minimum repayments.Want more proof that our rates are lower? Check out our blog post for the data behind our great rates. On average, this is how much lower our rate is vs the competition (aka the banks), thanks to our volume discount. Higher Rate is 0.20 more than our current 5 Year Fixed rate (or, you can type in the higher rate you're currently paying).Lower Rate is first set at our current 5 Year Fixed rate (the rate most-often chosen by Canadian home owners).Here's how our rates-comparison calculator works: Or, get a helpful renewal reminder and SAVE on your next mortgage term. We want to give you a better choice than your bank, and a better way to get a mortgage.Īpply or renew now to get your BEST rate (for which you qualify) and the right product to save a pile of cash. Plus, if you're a first-time home buyer, we'll let you know about programs and rebates to help soften the financial blow. We're real people with substantial mortgage experience, and we go the extra mile to offer great advice to help you avoid hidden fees and pre-payment penalties that may cost you more later. Our friendly True North Mortgage brokers have access to thousands of products to fit you with the most flexible product for your situation. Where would you like to buy a home Loan programs such as 0 down USDA home loans are only available in specific areas, and mortgage lender rates may vary by location. Money saved that can really add up over the life of your mortgage.Īlong with our great rates, you'll also get a better mortgage and avoid sneaky restrictions on other 'bargain-bin' rates. Money that you can use for other things, on your terms. AND it shows how much more principal you'll pay down - which can shorten your amortization to help pay off your mortgage earlierĬlearly, our better rates help you keep more money in your pocket.The 'lower rate' is our current rate vs competitor rates.The considerable savings of a lower mortgage rate over a typical mortgage term.It's an 'aha' moment - when you see how much you'll save.
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