Mortgage Deal of the Week
Say Hello To The Easiest Way To Mortgage
The Week of September 8, 2025
It’s essential to understand the terms and conditions of each deal.
Three-year Fixed Rate at 3.69%
This three-year fixed-rate mortgage is offered at 3.69% to borrowers who are paying for high-ratio mortgage-default insurance.
Please review the details below and contact me if you are interested in applying.
Eligibility
- Available for purchase or straight renewal transactions of owner-occupied properties where the borrowers have paid for high-ratio mortgage default insurance (CMHC, Canada Guaranty, Sagen).
- Prepayment Flexibility: Borrowers can make lump sum payments of up to 20% of the principal throughout each year of the mortgage term. They can also increase their regularly schedule payments by up to 20%.
- Portability: This mortgage is portable as long as both transactions occur within 90 days of each other.
- 30-day quick close special offer. Closing Period: 30 days from application date
- New applications only.
- Minimum mortgage amount: $400,000.
- Maximum purchase price: $1,499,999.
- Maximum amortization period: 25 years. First-time home buyers may select 30 years.
- Penalty terms: this mortgage comes with a penalty that is the greater of three months interest OR the interest-rate differential (IRD) - whichever is greater. The IRD penalty is calculated using posted rates.
Here's what a $500,000 mortgage will cost
Mortgage Amount: $500,000
Monthly Payment: $2,546
Interest Paid Over Term: $52,897
Balance at Renewal: $461,214