What is the best mortgage rate?

Cheapest is not always best. We know that’s true when we’re shopping for anything else. But we still tend to believe that lowest rate is the one and only factor in choosing a mortgage. Most Canadian homeowners would be shocked to discover that their low-rate mortgage could actually cost them more in the long term.

Why? Because the right mortgage is about more than just rate.

It’s true that a small reduction in rate can mean interest savings over the life of your mortgage. As mortgage brokers, we are experts at seeking out competitive rates from a wide range of lenders. But we also look deeper. Sometimes a cut-rate mortgage comes with higher fees, penalties, or restrictive terms, which could prove more costly over the long term than a slightly higher-rate mortgage with flexible terms.

That’s why you should talk to us first. We’ll design a mortgage and rate strategy that focuses on you paying less interest over the life of your mortgage, so you can own your home sooner!