Mortgage Rates for Toronto by Lend Capital  
Fixed & Variable

Variable Rate - High Ratio Insured2.91%
1 Year3.29%
2 Year3.49%
3 Year Fixed Insured - 45day3.29%
4 Year Fixed3.79%
5 Year Fixed Mortgage Rate hold Insured3.34%
7 Year Insured 120 day rate hold3.59%
10 Year Insured 120 day Rate hold This could be your last mortgage ever!3.94%
Variable Rate Open (line of credit)4.70%

Mortgage rates

We have always quoted the lowest rates in our mortgage solutions as we often receive short-term promotions daily so the rates changes frequently. Rates subject to modify without notice and terms and Conditions Apply.

At the point when mortgage rates change, it can happen rapidly. So with regards to mortgage, timing is everything. Make sure to anchor your loan while rates are good with the end goal to get the most ideal arrangement. Additionally, in the event that you are hoping to purchase a home or you are pondering transforming from your ebb and flow loan specialist, you’ll need to do your exploration before you settle on any official choices.

Keep in mind, all mortgage rates aren’t made equivalent, so it’s critical to contrast rates and with run with an organization that you trust. The terms and states of mortgage rates differ, as do the interest rates. A home loan ought to be set up to meet your requirements however much as could reasonably be expected. We need to outfit you with the information you have to settle on the best choice.

What is an open mortgage?

An “open-mortgage” is an engaging alternative to the individuals who plan on satisfying their home loan within the near future. This kind of home loan can be reimbursed completely or in part at whenever without prepayment intrigue expenses. On the off chance that you need to change over them to another term, you can do as such at whenever again without prepayment intrigue charges. The financing costs for open home loans will, in general, be higher than those of shut home loans since they have such adaptability.



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What is a closed mortgage?

A “closed mortgage” is the normal decision for individuals who aren’t intending to satisfy their home loan sooner rather than later. The loan fees for a closed mortgage will, in general, be lower than that of open home loans. With shut term contracts, you’re ready to save money on premium expenses and ideally, this will assist you with paying your home loan back speedier. Settled or variable choices are accessible for shut term contracts yet there’s a confinement on the primary sum that you can pay towards our home loan every year.

On the off chance that you need to renegotiate your rate, you should pay a prepayment charge. Furthermore, you should pay this prepayment charge, in the event that you need to satisfy the equalization of your home loan before the finish of the term or on the off chance that you need to prepay more cash than your home loan will enable you to.

Prepayment Charges

With prepayment charges you have the adaptability to expand your regularly scheduled installments or to pay the entire thing off. Contact our group of specialists to discover more about prepayment alternatives.

Comparison: Settled mortgage rates vs Variable mortgage rates:

Settled Mortgage Rates

Over half of Canadians have settled home loan rates, which imply the regularly scheduled installment remains the equivalent over the full term. You are ensured against fluctuating financing costs, so it can set up and you don’t need to stress over it. In the event that you need soundness – this is the best choice for you

Variable mortgage rates

With a variable home loan, your rates are ordinarily lower yet they will fluctuate over the term. Your installments will be founded on market conduct and this will have an effect on the amount you are paying. The sum that you are paying will change after some time.