More Information About Mortgage Brokers
*The estimated monthly mortgage payment displayed with each listing, is calculated using the following basic values:
- 5% Down-payment on the first $500,000 of the total asking price.
- 10% Down-payment on the remainder, for any property over $500,000
2.45% Prime Rate, with an amortization period of 25 years.
5.04% interest rate, with an amortization period of 25 years. Note that 5.04% represents the current Bank of Canada Benchmark rate, and is subject to change regularly. - Please note that this is simply the QUALIFYING rate and not the contract rate that you will receive at time of possession.
- 12 payments per year.
Every mortgage is different, and your monthly payment amount will likely differ from the estimations provided depending on your individual situation.
Find a Mortgage That Fits your Lifestyle!
At 2% Realty, we recommend contacting a Mortgage Professional to find the best mortgage to fit your needs. While many people attain mortgage financing directly from their bank, a Mortgage Professional can help you evaluate a much wider range of options than any bank can provide. Down-payment requirements, CMHC insurance, variable vs. fixed interest rates – all of these factors will impact your total monthly mortgage payment, and the advice of a licensed expert can potentially save you thousands.
2% Realty Elite Recommends Jeff Blanchette with Click Mortgages
Visit clickmortgage.ca/renew/ to find out more.