Understanding Mortgage Rates

Mortgage rates aren’t one-size-fits-all—they depend on your unique financial situation. The rate you qualify for will vary based on factors like your lender type, loan purpose, and whether you choose a fixed or variable rate.

🔹 Lender Type Matters: Major banks like Scotiabank or First Ontario (‘A’ lenders) offer different rates than alternative lenders like Aveo or Excalibur (‘B’ lenders).

🔹 Purchase vs. Refinance: Refinance rates with an ‘A’ lender will differ from home purchase rates, so it’s important to compare the right options for your situation.

🔹 Fixed vs. Variable: Each has its own advantages, and rates fluctuate based on market conditions.

If you want clarity on the best rate available for your specific circumstances, let’s talk. Book a free consultation, and I’ll help you secure the best mortgage solution for your needs.

Rates are based on home purchases, mortgage transfers, and refinances and are subject to change without notice.