Today, more than ever, there are numerous mortgage options available.

Don't be confused, your Mortgage Consultant or Financial Institution can help you find the best product for your needs and get you the best rate. They do the research for you, enabling you to avoid the frustration and confusion of having to do it yourself, and explain the available options.

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MORTGAGE CATEGORIES:

FIXED-RATE:
6 month, 1, 2 & 3 year (open, closed and closed - convertible) 4, 5, 7 & 10 year closed

VARIABLE-RATE:
3, 4 and 5 year (open, closed, closed-convertible and capped)

SPLIT-TERM:
Combination of all possible terms (6 month through 10 years)

SELF-DIRECTED RRSP:
A specialty mortgage rate term optional within CMHC guidelines. Invest your own RRSP funds into all or part of your home mortgage.

WHAT TERMS AND PAYMENT OPTIONS TO CHOOSE?
It all depends on what you want. Your Mortgage Consultant or Financial Institution will assess your personal situation and needs to find the best mortgage for you at the best rate.

SHORT-TERM RISK AND VARIABLE:
If rates are low and stable, and/ or you are prepared to take a risk, you can generally pay a lower rate with a short-term mortgage. You simply roll over your term every 6 months, or float your rate against prime, with the option of locking in to a longer term at a later date. This is not for everyone, however, as sudden upward rate movements can have a significant impact on your payments. You may want to discuss this with your Mortgage Consultant or Financial Institution.

Go to "Easy Mortgage"

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